Blackham gains final approval for Matilda start
JOHANNESBURG (miningweekly.com) – ASX-listed Blackham Resources is on track to start operations at its 4.8-million-ounce Matilda gold project, in Western Australia, in the next quarter, having now gained the final approval required for gold production to start.
Blackham reported on Tuesday that the Department of Mining and Petroleum had granted the Williamson mine mining proposal, following the recent approval of the Matilda mine and Wiluna mining proposals.
The Department of Water had also granted all the water extraction licences, which were needed to begin dewatering the Matilda pits.
As a result of receiving these permits, the A$23-million project facility from Orion Mine Finance had become available, with Blackham having lodged a drawdown notice for A$15-million.
Blackham and Orion had also agreed to extend the expiry term on the facility from August 31, 2018, to February 28, 2019, with repayments to be matched to the gold price and cash flow resulting from the projects.
Blackham reported that the tailings storage facility contractor had mobilised to site and that the openpit and underground mining contractors would mobile to the site later this month.
Gold production would start in the September quarter.
A prefeasibility study in late 2015 found that the Matilda mine would deliver an average 98 000 oz/y over a mine life of nearly five years, at a life-of-mine C1 cash cost of A$920/oz.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation