Management Restructure/Resignation of Director
Mr Richard Boffey (Matilda General Manager) will now report directly to the Managing Director and will take full overall operating responsibility for the Matilda/Wiluna Gold Operations including the mine planning functions. Blackham is committed to a plan to strengthen its production and reserve profiles and enhance its operations team.
As part of the restructure Mr Alan Thom has resigned as a director of the Company and as Chief Operating Officer. Mr Thom will continue as an executive in the role of Expansion Study Manager reporting directly to the Managing Director and will focus on the Company's growth opportunities and its aim to expand its production to over 200,000ozpa.
Mr Thom has been a director of the Company since August 2008 and has made an invaluable contribution to the Company during that time, and the Board sincerely thanks him for all his efforts and hard work during his directorship.
The Board believes the restructure achieves a more streamlined, accountable management and reporting structure. Blackham currently intends to maintain a four person Board which it views as having an improved ratio of independents and non-executives to the one executive Managing Director.
About Blackham Resources Ltd
Blackham Resources Limited (ASX:BLK) (OTCMKTS:BKHRF), is an emerging gold producer focused on its Matilda Gold Project in Western Australia where mining and production is imminent. The Matilda/Wiluna Gold Operation incorporates over 1,000 square kilometres of tenements containing total JORC 2012 resources of 63Mt @ 3.2 g/t for 6.4Moz of gold. These tenements cover around 55 kilometres of strike along the Wiluna Mine Sequence and 10 kilometres of strike along the Coles Find Sequence. The Wiluna Mine and Coles Find Sequence has historically produced 4 million ounces of gold.
All the deposits are within 26 kilometres by existing haul roads of Blackhams recently acquired Gold Plant. With exploration prospects at Mt Poole, Monarch, Carroll Prior, Red Lady, Zenith, Island and Albion in the Lakeway area provides the company with excellent exploration areas for potential future projects.
Blackham Resources Ltd