Australia  

Celebrating 10 Years of Trusted News Discovery
One News Page
> >

Blackham Resources has new substantial shareholder with MACA Ltd holding 12.45% stake

Proactive Investors Thursday, 18 April 2019
Blackham Resources Ltd (ASX:BLK) has a new substantial shareholder with MACA Ltd (ASX:MLD) now holding more than 386.4 million shares for a 12.45% stake. This status was reached by the Welshpool, WA-based integrated services contractor on April 15. MACA is a mining and civil construction company offering contract mining, civil earthworks, crushing and screening and material haulage solutions to the mining industry throughout Australia. READ: Blackham Resources outlines $25.8 million rights issue to unlock gold production growth Substantial shareholder status follows MACA agreeing to sub-underwrite up to $7.5 million of Blackham's fully underwritten $25.8 million entitlements issue. This participation has been applied to a reduction of the trade receivable balance owing to MACA by Blackham. READ: Blackham Resources chairman and MD dig deep to support expansion of gold production Funds from the entitlements issue will be used to transition Blackham to become a plus-100,000 ounces per annum gold producer. Expanding gold operations This will come through an expansion of the company’s Matilda-Wiluna operations. Stage I of the expansion is the proposed simple low capital addition of a flotation circuit to increase annual production to 100,000-120,000 ounces. This will also allow gold production from Blackham’s large sulphide reserves and provide flexibility to process both free milling and sulphide ores. Stage II plans Stage II is the proposed new comminution, flotation cells and leach circuits and a refurbished BIOX® Plant to increase ore processing throughput to 2.2-3.3 million tonnes. This is expected to increase annual gold production to about 250,000 ounces with significantly lower operating costs.
0
shares
ShareTweetSavePostSend
 
Credit: FOX 4 Now Florida - Published < > Embed
News video: Alta Resources unveils plans for new building in Fort Myers

Alta Resources unveils plans for new building in Fort Myers 00:54

The new $21 million three-story office building will be at "Skyplex" on Paul J. Doherty Parkway, which is next to Southwest Florida International Airport.

You Might Like


Recent related videos from verified sources

The Expanse Cast Panel - New York Comic Con 2019 [Video]The Expanse Cast Panel - New York Comic Con 2019

The cast of The Expanse share thoughts on the show's legacy and Season 4 return at New York Comic Con 2019. Watch the new season on Amazon Prime Video December 13. » The Expanse returns..

Credit: Teaser-Trailer.com     Duration: 24:37Published

The Expanse Season 4 [Video]The Expanse Season 4

The Expanse Season 4 trailer HD Plot synopsis: Hundreds of years in the future, humans have colonized the solar system. The U.N. controls Earth. Mars is an independent military power. The planets rely..

Credit: Teaser-Trailer.com     Duration: 01:59Published


Recent related news from verified sources

Riversgold gains new substantial shareholder

Riversgold Ltd (ASX:RGL) has a new substantial shareholder in the combined entities of Eaglehawk Investments Pty Ltd and Citymist Holdings Pty Ltd. The two...
Proactive Investors

Blackham Resources raises $3 million to support gold production growth at Matilda-Wiluna

Blackham Resources Ltd (ASX:BLK) has received applications in excess of $3 million from eligible shareholders pursuant to its non-underwritten share purchase...
Proactive Investors

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.