Record Month of Gold Production, Record Low AISC

Highlights

  • Record monthly gold production in January 2018 (Jan’18) of 6,498oz, a 19% increase from the prior month (Dec’17: 5,461oz)
  • Record milled tonnes of 163kt during Jan’18, a 13% increase in throughput (Dec’17: 144kt)
  • High grade stockpiles are currently 108kt @ 1.5g/t Au and expected to continue to grow
  • All in sustaining costs reduced to A$1,158/oz in Jan’18, a 15% decrease on Dec’17 (A$1,359/oz)
  • Average realised gold price during the month of A$1,663/oz
  • 16,000oz of forward sales contracts put in place during Jan’18, averaging A$1,689/oz over the next 6 months
  • Operations were cash flow positive during Jan’18, with cash and bullion at the end of the month of $12.4 million
  • Closing date for acceptances under the Entitlement Offer is 5:00pm (WST) on Monday 12th February 2018

Blackham Resources Limited (ASX: BLK) (“Blackham” or “the Company”) is pleased to present an operational update for the month of January 2018 (Jan’18) at its Matilda-Wiluna Gold Operation (“the Operation”).

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