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.