Murphy, who holds a 6.3% stake in Blackham and shareholder since 2007 is a former banker with experience in finance, and broking.
Murphy takes over the chairman role from Bryan Dixon who remains in the position of managing director. Dixon filled the chairman role briefly since the Board resolved to remove Joseph Gutnick from the position on the 17 July 2014.
Murphy's package has been agreed at $60,000 per annum plus two million options (subject to shareholder approval) exercisable at $0.50 expiring 3 years after issue.
Interest from debt and equity providers
Blackham said last week it has received strong interest from a number of debt and equity providers with a view to funding its 100% owned Matilda Gold Project through to production.
Blackham finalised the acquisition of the neighbouring plant, power station, camp and related infrastructure in March. On finalising funding, Blackham said it could have the Matilda Gold Project in production within 15 months.
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