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Blackham Resources substantial shareholder Delphi increases stake to 12.62%

A number of mine development work programs are taking place or planned to assist with production efforts at Blackham’s operating Matilda-Wiluna Gold Project.

Blackham Resources Ltd - Blackham Resources substantial shareholder Delphi increases stake to 12.62%
Delphi’s major shareholder is Heidelberg-based businessman Wilhelm KT Zours

Blackham Resources Ltd’s (ASX:BLK) (FRA:NZ3) (OTCMKTS:BKHRF) substantial shareholder Delphi Unternehmensberatung Aktiengesellschaft has boosted its stake in the company to 12.62% after a series of on-market purchases.

German-based Delphi now holds more than 595 million Blackham shares valued in excess of $7.14 million at today’s share price of 1.2 cents.

The prolific Australian junior resources sector investor has acquired more than 89 million shares in on-market transactions at prices ranging from 1.00 cent to 1.29 cents between October 17 to November 11.

Further development at Matilda-Wiluna

A number of mine development work programs are taking place or planned to assist with production efforts at Blackham’s operating Matilda-Wiluna Gold Project in WA in the current financial year.

This work includes pre-production activities at Williamson open pit, a new tailings storage facility and rod mill refurbishment.

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Blackham Resources executive chairman discusses 'transformational' expansion...

Blackham Resources Ltd (ASX:BLK) executive chairman Milan Jerkovic updates Proactive Investors on new low capital cost staged expansion plans for the Matilda-Wiluna Gold Operation in Western Australia. Jerkovic says, "The current plan we put in place gives us cash flow for ten years, to...

on 28/2/19

2 min read