Blackham Resources has locked in a $72 million funding deal with US-based investment group Lind Partners, which will be used to progress expansion plans at its Matilda gold mine.
Perth-based Blackham released a preliminary feasibility study on its expansion plans at Matilda yesterday, which include construction of a new crushing and grinding circuit, a new flotation circuit and a new carbon-in-leach circuit, as well as refurbishment of a the existing sulphide treatment plant.
The facility will be used to help fund a definitive feasibility study on the expansion plans, which are expected to increase the plant’s throughput rate to 3.3 million tonnes per annum, with production to increase to about 207,000 ounces a year.
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