Polo investment Blackham raises AUD 35m

Multi-sector investment company Polo Resources announced on Friday that its investee company, Blackham Resources, has raised AUD 35m through a placement.

The AIM-traded firm said the placement 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,” Polo’s board said in a statement.