18 Oct 2016 12:31
18 October 2016
Polo Resources Limited
("Polo" or the "Company")
BLACKHAM RESOURCES LIMITED - INVESTMENT UPDATE
MATILDA FIRST GOLD POUR
Polo Resources Limited (AIM: POL), the natural resources 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 completed its first gold pour at its 5.1Moz Matilda Gold Project.
Having successfully completed the refurbishment and commissioning of Stage 1 of the Wiluna Gold Plant and achieved gold production, Blackham is now fast tracking the Stage 2 Wiluna Gold Plant expansion study aimed at increasing production from some 100kozpa to 175-230kozpa.
The full details of Blackham's announcement can be found at: http://blackhamresources.com.au/documents/matilda-first-gold-pour/.
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:
Polo Resources Limited Kudzayi Denenga, Investor Relations | + 27 (0) 787 312 919 |
ZAI Corporate Finance Ltd (nominated adviser) Ray Zimmerman, John Treacy
| +44 (0) 20 7060 2220 |
Liberum Capital (broker) Henry Freeman | +44 (0) 20 3100 2000
|
Blytheweigh (public relations) Tim Blythe, Nick Elwes, Camilla Horsfall | +44 (0) 207 138 3204 |
|
About the Company
Polo Resources Limited is a natural resources investment company focused on investing in undervalued companies and projects with strong fundamentals and attractive growth prospects. For further details on Polo, please refer to: www.poloresources.com.
POL.L (POL)