Blackham Resources awards Matilda contracts

THE BOURSE WHISPERER: Blackham Resources (ASX: BLK) has selected contractors for mining, tailings dam construction and the power station at the company’s 5.1 million ounce Matilda gold project in Western Australia.

Blackham made the appointments having recently received final approvals to commence operations at the project.

It has selected MACA Limited as the open pit mining contractor, which has already begun mobilising equipment to the project with a view to commence open pit mining in July.

The underground mining will be carried out by Pybar Mining Services, which has also started mobilising to site and will shortly commence preparations for the mining of the Golden Age orebody.

Underground mining of the high grade Golden Age orebody is expected to commence in July.

Blackham awarded the Tailings Dam construction contract to Cape Crushing & Earthworks where construction is well-advanced.

The power station contract has been awarded to Contract Power Group, which has already installed temporary diesel power.

Site preparation work has commenced for the installation of new gas generators.

Gold production from the Matilda gold project is on track for the Sept 2016 quarter.

Blackham has just upgraded the Matilda gold project Resource to 48 million tonnes at 3.3 grams per tonne gold for 5.1 million ounces (48% indicated).

The Resources are all within a 20 kilometres radius of the company’s 100 per cent-owned Wiluna gold plant which is targeted for over 100,000 ounces per annum gold production per annum.