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Blackham Resources to outline capital raising details

The halt will remain in place until the opening of trade on Friday.

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Blackham is preparing capital raising details

Blackham Resources (ASX:BLK) has been granted a trading halt by the ASX, pending details of a capital raising.

Blackham wholly-owns the Matilda and Wiluna Gold Operation, which is located in Australia’s largest gold belt.

The Wiluna Gold Plant is located in the centre of the combined operation and can process circa 100,000 ounces of gold per annum, known as Stage 1.

The Matilda/Wiluna Operation is one of few Australian gold projects capable of hosting a long-life 200,000+ ounces per annum operation.

The halt will remain in place until the opening of trade on Friday 10th February 2017, or earlier if an announcement is made to the market.

Quick facts: Wiluna Mining Corporation Ltd

Price: 1.485 AUD

ASX:WMX
Market: ASX
Market Cap: $149.2 m
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