Quarterly Activities Report
Quarterly Activities Report
Perth, Oct 14, 2019 AEST (ABN Newswire) - 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 Blackham Resources Ltd

Blackham Resources ASX:BLKBlackham 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 +1,440km2 tenure package which has historically produced in excess of 4.4 million ounces over a 120-year mining history.

   


Contact

Milan Jerkovic
Executive Chairman
Office: +61-8-9322-6418

Jim Malone
Investor Relations
Mobile: +61-419-537-714



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