POL.L Regulatory News (POL)

10 February 2017

Polo Resources Limited

("Polo" or the "Company")

BLACKHAM RESOURCES - INVESTMENT UPDATE

Polo Resources Limited (AIM: POL), the multi-sector investment company with interests in oil, gold, coal, copper, phosphate, iron and vanadium, is pleased to announce that its investee company, Blackham Resources Limited ("Blackham") (ASX: BLK) has raised A$35 million through a placement which was heavily oversubscribed and received strong institutional support from both existing and new shareholders. The placement proceeds will be used at Blackham's 100% owned 6.4Moz Matilda/Wiluna Gold Operation to fast track its existing growth strategy.

The full details of Blackham's announcement can be found at:

http://blackhamresources.com.au/documents/35m-placement-expedite-expansion-plans/

This announcement contains inside information as defined in Article 7 of the EU Market Abuse Regulation No 596/2014 and has been announced in accordance with the Company's obligations under Article 17 of that Regulation.

For further information, please contact: 

About the Company

Polo Resources Limited is a multi-sector investment company focused on investing in undervalued companies and projects with strong fundamentals and attractive growth prospects. For complete details on Polo, refer to: www.poloresources.com.