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Blackham Resources Ltd Enters Trading Halt

Blackham Resources Ltd (ASX:BLK) has entered a trading halt regarding a capital raising as it steps closer to production at the Wiluna Processing Facility.

A definitive feasibility study for its Matilda gold project near Wiluna in Western Australia revealed the project could have one of the fastest paybacks of capital amongst its Western Australian development peers.

The DFS has provided a mine life of 7+ years, with substantially improved mining inventory.

Underpinned by a large tenement position and a growing gold resource Blackham will likely emerge in the September quarter of 2016 as a producer of over 100,000 ounces of gold per year with the potential to grow both mine life and production.

The trading halt is requested until the commencement of trading on Monday, 14 March 2016.

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