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 30 September 2019, and thereafter:

Highlights

- Significant turnaround, production within guidance, costs below guidance

- Quarterly results strengthen balance sheet from improved operational performance and cost reductions

- Strong operating cash flows of $9m, an $18m improvement on the prior quarter

- $6m debt reduction and Lind Convertible Note repaid

- $4m placement completed, supported by a small number of international and domestic institutional and professional investors

- Lake Way Transaction completed in early October, with Blackham receiving a further $7m cash and $10m to be received towards Williamson mining activities

- Share Purchase Plan to raise up to $3 million

To view the quarterly report, please visit:
https://abnnewswire.net/lnk/N3447KMO

To view the latest company presentation, please visit:
https://abnnewswire.net/lnk/8M977ZK7


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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