Blackham Resources Ltd (ASX:BLK) Quarterly Activities Report

Blackham Resources Limited (ASX:BLK) (FRA:NZ3) (OTCMKTS:BKHRF) provides the following update on its activities for the quarter ended 31 December 2019, and thereafter:

Highlights

- December quarter production of 20,003oz.

- Gold production and cost guidance maintained at 70,000 - 80,000 oz @ AISC of $1,550 to $1750/oz.

- Operational turnaround contributes to significant balance sheet repair for the six months ended Dec'19:

o Total debt reduction of $9.2m

o Total trade and other payables reduced by $11.7m.

- Stage 1 Expansion Study completed. Indicative non-binding term sheet received for $40m funding.

- Salt Lake Potash exercise option to purchase Southern Borefield Infrastructure for $3m.

To view the report, please visit:
https://abnnewswire.net/lnk/837200YX

Milan Jerkovic
Executive Chairman
Office: +61-8-9322-6418 

Jim Malone
Investor Relations
Mobile: +61-419-537-714