Blackham Resources substantial shareholder Delphi lifts stake to 11.47%

Your ads will be inserted here by

Easy Plugin for AdSense.

Please go to the plugin admin page to
Paste your ad code OR
Suppress this ad slot.

Blackham Resources Ltds (ASX:BLK) (FRA:NZ3) (OTCMKTS:BKHRF) substantial shareholder Delphi Unternehmensberatung Aktiengesellschaft has boosted its stake in the company to 11.47% after a series of on-market purchases.

The prolific Australian junior resources sector investor now holds more than 505 million BLK shares valued in excess of $6.06 million at todays share price of 1.2 cents.

German-based Delphi has acquired more than 62 million shares in on-market transactions this month at prices ranging from 1 cent to 1.2 cents.

Further development work

This comes as Blackham has recently raised funds to support further development of the operating Matilda-Wiluna Gold Project in Western Australia.

A number of mine development work programs are taking place or planned to assist with production efforts in the 2019-20 financial year.

This work includes pre-production activities at Williamson open piRead More – Source