Blackham Resources (ASX: BLK) has received a conversion notice from Joseph Gutnick's Great Central Gold Pty Ltd for the conversion of $2 million Tranche 1 Convertible Notes into 8 million ordinary shares in the company at a $0.25 conversion price.
Blackham has rapidly identified a 1.5 million ounce gold resource at the Matilda Gold project in Western Australia, which is a large, highly prospective tenement holding in the Wiluna goldfield in Northern Yilgarn.
The regional endowment is over 35 million gold ounces. Wiluna belt production is 4 million ounces, with over 7 million ounces in total endowment.
Matilda is well serviced by infrastructure and is only 19 kilometres from the Wiluna Gold Plant.
The project is well positioned for new discoveries and economic development of existing resources.
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