Funds raised through the Placement will be used at the Matilda Gold Project to:
Expand the oxide and free milling resources and mine plan - $6M
Grow sulphide open pit and underground mine plan and reserves - $4M
Fast track plant expansion and sulphide circuit refurbishment; and - $5M
Strengthen the balance sheet and increase working capital -$10M
BLK Price at posting:
$1.15 Sentiment: Buy Disclosure: Held