Blackham Resources Ltd (ASX:BLK) Quarterly Activities Report

Blackham Resources Limited (ASX:BLK) (FRA:NZ3) (OTCMKTS:BKHRF) provides the following update on its activities for the quarter ended 31 December 2019, and thereafter:

Highlights

- December quarter production of 20,003oz.

- Gold production and cost guidance maintained at 70,000 - 80,000 oz @ AISC of $1,550 to $1750/oz.

- Operational turnaround contributes to significant balance sheet repair for the six months ended Dec'19:

o Total debt reduction of $9.2m

o Total trade and other payables reduced by $11.7m.

- Stage 1 Expansion Study completed. Indicative non-binding term sheet received for $40m funding.

- Salt Lake Potash exercise option to purchase Southern Borefield Infrastructure for $3m.

To view the report, please visit:
https://abnnewswire.net/lnk/837200YX


About Wiluna Mining Corporation Ltd

Wiluna 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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