Wiluna Mining Corporation Ltd Stock Market Press Releases and Company Profile
Market Update
Market Update

Perth, Nov 1, 2017 AEST (ABN Newswire) - As stated in the Quarterly Report, Blackham Resources Ltd ("Blackham" or "the Company") (googlechartASX:BLK) (googlechartBKHRF:OTCMKTS) confirmed it had received strong interest in refinancing of its current debt position.

Blackham is now in a position to confirm it has a credit approved term sheet to fully re-finance the A$36.7 million current secured debt position. The term sheet has the first repayment in June 2020 which means the Company's working capital position would be improved by the $14.8M currently repayable by 31 Dec 2017 under the existing financing facility. Technical due diligence has now been completed and the legal documentation is currently well advanced. The term sheet remains subject to legal due diligence which is also well advanced.
The Company expects operations to be cash flow positive in the December 2017 quarter due to access to higher grade ore to be mined from the open pits.


About Wiluna Mining Corporation Ltd

Wiluna Mining Corporation LtdWiluna Mining Corporation (ASX:WMC) (OTCMKTS:WMXCF)  is a Perth based, ASX listed gold mining company that controls over 1,600 square kilometres of the Yilgarn Craton in the Northern Goldfields of WA. The Yilgarn Craton has a historic and current gold endowment of over 380 million ounces, making it one of most prolific gold regions in the world. The Company owns 100% of the Wiluna Gold Operation which has a defined resource of 8.04M oz at 1.67 g/t au. In May 2019, a new highly skilled management team took control of the Company with a clear plan to leverage the Wiluna Gold Operation's multi-million-ounce potential.

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Contact

Bryan Dixon
Managing Director
Blackham Resources Limited
Office: +61-8-9322-6418

Jim Malone
Investor Relations
Blackham Resources Limited
Office: +61-419-537-714

John Gardner
Media Enquiries
Citadel Magnus
Office: +61-8-6160-4901



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