THE BOURSE WHISPERER: Blackham Resources has signed a Deed of Assignment with Apex Minerals that confirms the rights of Kimba Resources to all minerals covering Mining Lease M53/797, which includes the Williamson gold mine.
Blackham recently acquired 100 per cent of Kimba and its Matilda gold project as well as securing exploration and mining rights to gold, nickel and all non‐uranium minerals rights attached to a large tenure package in the Lakeway area.
The Matilda gold project area now includes gold and nickel rights to 40 kilometres of strike along the Wiluna mine sequence with a total land package of 600 square kilometres.
The project now includes the old Matilda gold mine, the Williamson gold mine and defined targets at Regents, Galaxy, Mt Poole, Monarch, Prior, Red Lady, Zenith, Island and Albion gold prospects in the Lakeway area.
The new deed also grants Blackham the right to Apex’s camp and facilities as far as it is not being fully utilised by Apex.
The deed also confirms Kimba’s rights to explore and mine nickel and uranium on Apex’s tenure and
Apex’s right to explore and mine calcrete on part of Kimba’s tenure.
Source: Company announcement
Blackham will also receive all the mining information relating to the Williamson gold tenement currently held by Apex.
Discussions are currently underway between the parties concerning the possibility of Blackham processing ore through Apex’s gold plant.
“Processing ore from the Matilda gold project through Apex’s gold plant is likely to bring mutual benefits to both companies as the plant currently has excess capacity,” Blackham Resources said in its announcement to the ASX.
“Apex’s Wiluna plant has the flexibility through two separate mill streams to be able to treat both refractory and free milling ore.
“If Blackham is able to supply oxide ore to the plant the throughput capacity can be significantly increased.”
Blackham said it plans to focus initial drilling to be undertaken at the Matilda gold project on defining resources and exploration targets that are most likely to create near term mining opportunities.
The approvals process for the drilling program has begun with drilling expected to commence in December.