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Blackham Resources To Provide Update On Funding Arrangements

Blackham Resources (ASX: BLK) is preparing to update the market on its funding arrangements, with the company granted a trading halt by the ASX today.

The company has begun considering development options to re-commission the Matilda Mine in Western Australia with the definition of a 1.35 million ounce Resource at the project.

Having reached a critical mass, Blackham can now consider building its own processing plant on the Matilda site.

The company also has the option to process the Matilda ore through the nearby Wiluna Gold Plant, which has surplus capacity, via an ore processing agreement.

The halt will last until the earlier of an announcement being made available to the market, or the opening of trade on Wednesday 19 September.

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