The dispute between Mr Gutnick and the board of Blackham Resources reached the takeovers Panel and threatened to become a major distraction, however the dispute has now been resolved. The appointment of Paul Murphy to the role of Chairman provides an opportunity for the Company to move forward without any further distraction and provide the management team with the full support of the Board. Mr Murphy, who has been a substantial shareholder of Blackham Resources for many years, is keen to engage with shareholders and talk about the Company's plans to become a gold producer within the next two years.
In his first interview since stepping into the role of Chairman Mr Murphy talks about the support he has received from Blackham shareholders during the dispute with Mr Gutnick, and outlines the development timetable and pathway for the Company's flagship Matilda Gold Project and the Wiluna Gold Plant, both located in the historic and highly productive Northern Goldfields region of Western Australia.
Mr Murphy also talks about the Company's extensive exploration portfolio and the potential for Blackham to mine from several satellite gold ore bodies in the Wiluna region to provide additional feedstock for the Wiluna Gold Plant in the years ahead.
With the Company now reaching a critical decision in regards to committing to the completion of a Bankable Feasibility Study (BFS) to put the Matilda Gold Project into production and to recommence gold production at the Wiluna Gold Plant, Blackham Resources is well positioned to become Western Australia's newest gold production company, and to be generating substantial cashflow and creating an early return on investment for its shareholders.
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About Blackham Resources Ltd
Blackham Resources Limited (ASX:BLK), 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.
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Blackham Resources Ltd