Blackham’s Matilda gold project grows to over 5 million ounces

Published at Jun 27, 2016, in Mining

Set to start mining gold in 3 weeks, gold junior Blackham Resources (ASX:BLK) has expanded its Matilda gold project to over 5 million ounces.

An opportune time for BLK to make this announcement and step into production phase as the price of gold reaches close to its all-time high of $1802.3 set back in September 6th 2011, with gold currently A$1,792.21 p/oz at time of writing.

With recent resource estimates targeting mineralisation along the Moonlight Shear zone has been completed, the Moonlight Shear deposit now stands at 2.6Mt @ 4.6g/t for 381,999oz Au (10% of which is indicated), with the entire Matilda gold project upgraded to [email protected]/t for 5.1Moz (48% indicated).

A breakdown of BLK’s Matilda Gold Project resources:

BLK Matilda chart gold

The Moonlight Shear deposit is less than two kilometres from BLK’s 100% owned gold plant, allowing BLK to keep its cost of production low.

Open pit and underground mining studies have commenced at BLK’s Adelaide, Moonlight, Lone Hand, Semaphore and Indigo Lodes deposits, with the view of extending the mine life beyond 8 years.

BLK’s Managing Director, Mr Bryan Dixon commented:

“Blackham is delighted to have put together over 5Moz of resource all within a 20 kilometre radius of the Wiluna Gold Plant. Mining studies have commenced over the Moonlight resources. Our exploration team see significant potential along this 2km long underexplored shear. ”

Full funded and mining set to begin next month, BLK is on track to be Australia’s next gold producer. With the first gold pour scheduled for September 2016.



S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.

Conflict of Interest Notice

S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

Publishers Notice

The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.

Australian ASX Small Cap stocks | Why is Australia’s leading small cap publication

Founded seven years ago, is Australia’s leading and longest standing website for investor and finance news, education and expert opinion.

Published by StocksDigital, Finfeed was created to report daily on the comings and goings of ASX listed stocks in the small cap market.

As the first digital publication dedicated specifically to this space, Finfeed soon became the most trusted publication in the market, quickly garnering over two million page views – a number that continues to rise. provides its readers with informative articles that tackle the latest in market moving #ASX small cap news, plus exclusive content you won’t find anywhere else. It is aimed at those with an interest in investing, market education, company performance, start-ups and much more. is the only media organisation operating under the strength of a Financial Services License and is backed by leading journalists and analysts all with brands of their own.

The website aims to inform, educate and entertain with content that drills down into the heart of financial matters.

Finfeed is a leading source of investor and market information, with everything investors need to know about how to invest written in a way that anyone can understand. 

Over the years, the website has expanded beyond exclusively reporting on small caps, to profile Australia’s leading ASX listed small, mid and large caps as well as some of the country’s most successful CEOs and business leaders to find out what makes them tick.

Every day you will find fresh content covering:

Fast Facts

Over 4,000 articles published

Over 2.3 Million Page Views and counting

Over 10,000 followers on social media

Subscriber list growing by 2% monthly

Thanks for subscribing!