Entitlement Offer Settled and New Director Appointed
Further to the Company's announcement dated 15 February 2018, the Company has received the net proceeds from the allocation of New Shares and New Options to be issued pursuant to the Entitlement Offer.
Normal trading of the New Shares and New Options, issued under the Entitlement Offer, is expected to commence on 20 February 2018. A revised Appendix 3B has been lodged to reflect the rounding of fractional entitlements (as stated in the announcement dated 15 February 2018).
Mr Greg Fitzgerald has now been formally appointed as a Non-Executive Director of the Company. Mr Fitzgerald is a Chartered Accountant with more than 30 years of gold mining and resources related experience, and extensive executive experience in managing finance and administrative matters for listed companies. He held the positions of Chief Financial Officer and Company Secretary for ASX 200 company, Resolute Mining Limited, for more than 15 years until his resignation in 2017.
Blackham also wishes to advise it plans to commence a number of drilling programmes focused on growing free milling reserves through resource conversion and identifying additional mineralisation to maintain a free milling mine life greater than 5 years. The initial drill program will commence next week and more information on the targets will be provided shortly.
About Blackham Resources Ltd
Blackham Resources Limited (ASX:BLK) (OTCMKTS:BKHRF) Wiluna-Matilda Gold Operation is located in Australia's largest gold belt which stretches from Norseman through Kalgoorlie to Wiluna. The Operation now includes resources of 96Mt @ 2.2g/t for 6.7Moz Au all within 20kms of the central processing facility. Blackham has consolidated the entire Wiluna Goldfield within a +1,100km2 tenement package which has historically produced in excess of 4.4 million ounces over a 120-year mining history.
Blackham Resources Ltd