Blackham Resources Limited has completed the first gold pouring from its 5.1Moz Matilda Gold Project in Western Australia.
Blackham Resources director and CEO Alan Thom said: "We are extremely pleased to be Western Australia’s newest gold producer and are delighted at reaching the milestone in just 16 months from completing our funding deal with Orion Mine Finance."
In order to have the first gold poured after the Orion funding deal, Blackham team had to complete a preliminary and a definitive feasibility study and procured all mining and environmental approvals.
The company recruited an operations team and selected contractors to start mining in both the Matilda open-pits and the underground Golden Age.
The company also installed and commissioned a new diesel power station, refurbished and started Stage 1 of the Wiluna Gold Plant and built new tailings storage facility.
Blackham Resources managing director Bryan Dixon said: “We would like to thank our shareholders, employees, contractors, the Wiluna Martu people, community stakeholders, government and members of the Board for all of their continued support in helping achieve gold production.
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“The town of Wiluna has a long and significant mining history and the Matilda Gold Project will benefit all stakeholders.”
Plant optimisation for throughput and recovery is currently underway to maximise its performance. Mining from the open-pits and underground has led to a reserve stockpile of more than five weeks mill feed.
Blackham is focused on scaling-up to commercial production. Given that there was a quick progress to Stage 1 gold production, management is now speeding-up the Stage 2 expansion study aimed at increasing production to 175,000oz-230,000oz per annum.
Image: First gold pour at the Matilda gold project. Photo: courtesy of Blackham Resources Limited.