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The open pit mining design work for the M4 pit indicates a significant portion of the M4 deposit is likely to be economic. The initial M4 pit optimisation confirms the potential of the M3 and M4 pits too merge. The M3 and M4 deposits run parallel to each other and are about metres apart.
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Significant stripping ratio benefits are expected to be derived if these pit designs merge. The Resources for the M3 and M1 pits are currently in the process of being estimated.
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Previous owners have mined 1. The M1 and M3 Resource estimates are expected in the coming weeks.
Matilda Gold Project 1. The Matilda Mine has a combined resource of 7. The additional resources are at Williamson Mine , ounces , Regent , ounces and Galaxy 77, ounces.
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Blackham has defined an exploration target of 0. The three main mining centres are all located within 10 kilometres of the historic Matilda Mine plant footprint and 26 kilometres of the Wiluna Gold Plant. Having reached a critical mass, Blackham can now consider building its own processing plant on the Matilda site. It also has the option to process the Matilda ore through the nearby Wiluna Gold Plant via an ore processing agreement. Dixon recently told Proactive Investors Blackham has the ability to toll treat and earn some income to put back into the greater exploration upside.
Hitting the 1 million ounces of gold resource at Matilda is a milestone for Blackham. Data delayed 15 minutes unless otherwise indicated.