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When your biggest problem is that you cant find a piece of un-mineralized ground to place your waste dump you know you're on a winner in the gold mining business. Such is the case at Blackham Resources Matilda Mine prospect in Wiluna. Canaccorde Genuity recently predicted the company would EBIT $41.6m in FY17 and a whopping $91.4m in Fy18 as they hurtle towards production.

With only months to go before Blackham Resources achieves its dream of firing up the old Wiluna Gold plant to treat a whole host of new discoveries, the company has again increased its in ground gold resource estimate at the Matilda Gold Project in Wiluna - this time by 10 000 ounces. Blackham's shares have doubled over the last few months as they continually update the size of their resource.

Determined not to repeat the sins of past owners of the Wiluna Gold plant in W.A, Blackham Resources are pulling out all stops to increase their free milling base load ore before they remove the mothballs from the plant around the middle of the year. The company recently announced they have added another 19 000 ounces, or $30m worth of gold to the Matilda Mine prospect.

The Blackham Resources train continues to gather steam as the company hurtles towards production in Wiluna, possibly as soon as the middle of this year. Blackham recently announced an upgrade to their existing resources at the Galaxy and Golden Age deposits at the Matilda Gold project with the addition of another 40 000 ounces of gold.

Avid market watchers will now start trying to value Blackham Resources in search of that elusive arbitrage as the company hurtles towards production in Wiluna next quarter. The company has firmed up its base load feed for the old Wiluna Gold plant after its latest round of drilling again failed to disappoint.

ASX Listed Blackham Resources are pulling out all stops in their bid to become the next WA gold explorer to make the leap into production. Recent drilling campaigns have confirmed that their Galaxy deposit is still going past the 100m mark and firmed up yet another prospect at the Matilda Gold project and with a 3500m drilling campaign to kick off next week, watch this space.

Blackham Resources dream of restarting the old Wiluna Gold Mine looks to be real as the company yesterday drew down on a $7m debt facility from Orion Mine Finance to prepare for production. Importantly, the old mothballed Wiluna Gold plant already has a 1.3Mtpa plant, a gas power station, borefields and a 350 person accommodation village all of which will no doubt put the project on the fast track to production.

Perth based Blackham Resources have beefed up their board as they rapidly approach production at the Matilda Gold project in Wiluna, Western Australia.

Perth based near term gold hopeful Blackham Resources has uncovered a new 2m gold oxide lode grading a spectacular 95 grams to the tonne gold which equates to a staggering 3 ounces of gold for every tonne of dirt mined.

Blackham Resources have again delivered a set of drill results at their Matilda Gold project in Wiluna that most junior mining companies would dine out on for a month.

The owner of the Matilda Gold project in Western Australia, Blackham Resources, looks set to be re-rated as it readies itself to make the leap from explorer to 98 000 ounce per year gold producer o

Latest drilling results confirm super high grade nature of deposit in Wiluna

Fresh drilling confirms historical results at Wiluna.

Pre-feasibility drilling at Galaxy deposit now complete with production imminent.

Strategy to increase resource prior to recommissioning of Wiluna Gold plant on track.

Visible gold evident in core sample