Blackham Resources gains final approvals for Matilda gold project in Australia


Fleet

Blackham Resources has obtained the final approvals and funding commitments needed to begin operations at its 4.8Moz Matilda gold project in Western Australia.

The Department of Environment Regulation has also approved the amendment to the existing Wiluna environmental licence.

In addition, the Department of Mining and Petroleum (DMP) recently approved the Matilda mine and Wiluna mining proposals.

All vegetation clearing permits have been received for the entire mine site, in addition to all the water extraction licences from the Department of Water, allowing the company to begin dewatering of the Matilda pits.

Blackham also said that the company has received $23m project facility from Orion Mine Finance, which is now available under the revised funding agreement.

The expiry term on the project facility will be extended from 31 August 2018 until 28 February 2019.

"The expiry term on the project facility will be extended from 31 August 2018 until 28 February 2019."

Blackham has also lodged a drawdown notice for $15m and expects to receive it soon.

Refurbishment of plant and infrastructure is ongoing.

The company has mobilised tailings storage facility (TSF) contractor to site and expects the Matilda open-pit and underground mining contractors to mobilise at the site during June.

The first gold production from the Matilda project is expected during the third quarter of this year.

Matilda gold project now has 45Mt at 3.3g/t for 4.8Moz of resource, all within a 20km radius of Blackham's wholly owned Wiluna gold plant.


Image: TSF Contractor's fleet mobilised. Photo: courtesy of Blackham Resources Ltd.