Integrated service contractor MACA will provide gold miner Blackham Resources with a A$12-million working capital facility to progress its transition to the Stage 1 expansion sulphide development at its Western Australian operations.
Under the agreement, MACA will provide Blackham with working capital of up to A$12-million until the end of February 2020, which will be provided in the form of extended payment terms for amounts payable to MACA under its surface mining contract.