Blackham is focused on exploration at the Matilda Gold Projcet and is evaluating the development of the Scaddan and Zanthus Coal Projects, in Western Australia.

Scaddan and Zanthus Coal Projects SummaryScoping study for coal export operation via Esperance PortNPV $770M, IRR 23%World scale resource of 1.4 billion tonnes of coal and 10,600PJ energy contentShallow deposit very low mining costsLocated next to infrastructure corridor and only 60 kms from deep water portInvestigating development of a Coal to Liquids (CTL) facility to produce dieselCombined resources equate to approximately 40 years worth of potential feedstock based upon a 60,000 barrel per day CTL facility

Matilda Gold Project SummaryMajor position of control in the Wiluna Greenstone BeltSurrounds the operating Wiluna Gold mines and plantProduction of over 4 million ozs. gold in belt to date40km of strike along the Wiluna Mine Sequence10km of strike along the Coles Find Mine SequenceMatilda Gold Project covers over 600km2Little systematic regional exploration for over a decade