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Blackham Resources Ltd Now Has Hunter Hall As Substantial Shareholder

Blackham Resources Ltd's (ASX:BLK) newest substantial shareholder, Hunter Hall, has built a position in the company through on-market purchases.

The fund manager has acquired a 9.79% interest, after the purchase of 24.78 million shares.

Blackham is well progressed down the path to becoming Western Australia's next 100,000 ounces per year gold producer by developing the Matilda Gold Project.

Blackham recently secured all required approvals for the commencement of both open pit and underground mining at Matilda.

Mining about to begin at Matilda

Blackham plans to commence mining within 2 weeks, initially focusing on the open pit Matilda Mine and the underground Golden Age orebody.

The focus is on the free-milling resources which Blackham intends to process through the established low risk circuit of crushing, grinding, gravity and carbon in leach.

Gold production from Matilda is on track for the 2016 September quarter.

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