Blackham Resources Share Price Grows by 3.90%

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Blackham Resources [ASX:BLK] have reduced ore recovery costs by 30% by taking advantage of an excising CIL plant.

Its shares rising in value by 3.90% displays how efficient their choices have been in regards to productivity and development.

Blackham resources is a multimillion dollar mining company that specialises in exploring and developing mineral properties in Australia.

Currently they are focused on their Matilda Gold project and Wiluna Gold plant, which are both located in Australia.

Blackhams Strong production growth

Originally Blackham predicted that its expansion and productivity rates would be at lower levels.

After testing out the implementation of the CIL plant for ore recovery, they have demonstrated that its transitional ore gain is displaying a higher turn-over rate through its operations.

Recoveries of its oxide ores were at 90.8%, after a full day of using the company’s new program.

Follow up drilling has also been completed to obtain more ore samples for the next round of its metallurgical test work.

So far, Blackhams drilling results have displayed 84 reverse circulation holes of 6,491 meters. The drilling will focus on delineating further free mining pit reserves, Blackham are expected to release initial results in the near future.

Blackham commented on their mining progress on its Quarterly report:

‘Blackham confirmed during Mar’18 that the Golden Age Underground mine plan continues to grow and has been extended for at least a further 6 months to Dec’18. Mining costs and risks have been reduced following Blackham successfully moving to an owner operator miner at Golden Age Underground in Oct’17.’

Blackham will further commence evaluation of its underground resources, implementing various mining studies and increased production targeting.


Ryan Clarkson-Ledward,
For Money Morning

PS: 2018 Mining Boom: Blackhams recent success has seen the company’s shares grow at a constant basis. Many more mining organisations are growing alongside them. Could these 10 cheap, top-quality Aussie mining stocks lead this year’s commodities comeback? Find out here.

About Ryan Clarkson-Ledward

Ryan Clarkson-Ledward is an Editor at Money Morning.

Ryan holds degrees in both communication and international business. He helps bring Money Morning readers the latest market updates, both locally and abroad. Ryan tackles all the issues investors need to know about that the mainstream media neglects.

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