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A-Cap pegs $11M cobalt deal with Blackham

A-CAP Resources has entered into a binding terms sheet with loss-making Wiluna gold miner Blackham Resources for a new A$11 million joint venture that will see it shoulder the costs for around half of Blackham's non-core permits as that company focuses on its production turnaround strategy.

Haydn Black
Wiluna

Wiluna

Blackham had a weak 2017-18, with the collapse of a $60 million funding deal and low gold production for the first six months contributing to a 200% increase in losses to $20 million, despite increased...

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