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.
To view the video interview, please visit:
About Wiluna Mining Corporation Ltd
Wiluna Mining Corporation (ASX:WMX) (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.
Wiluna Mining Corporation Ltd
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