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Blackthorn supports African Communities through the Nantou Foundation
Blackthorn Resources Limited (ASX: BTR) is an Australian-based resources company with a focus on advancing the Kitumba Copper Project and exploring high priority exploration targets on its Mumbwa tenements in Zambia.
The Mumbwa Project hosts the Company’s flagship Kitumba deposit and is located in west central Zambia, approximately 200km west of the capital, Lusaka. The Mumbwa Project comprises five contiguous licences with a total area of over 1000km2.
Planning and budgeting for a Definitive Feasibility Study (DFS) on the Kitumba Copper Project is underway with a view to making a Final Investment Decision (FID) late in Q4 CY2015 and commencing construction in early CY2016. A preliminary construction and mining schedule to PFS confidence level (± 25%) was outlined as part of the OPFS announcement in April (please refer to Investor Relations section for this and other ASX announcements).
The Perkoa Zinc Project in the Sanguie Province, Burkina Faso is a joint venture between Blackthorn Resources (27.3%) and Glencore (62.7%), with the Government of Burkina Faso holding a 10% interest.
In April 2014, Blackthorn Resources announced that it had entered into an agreement with its joint venture partner Glencore to sell its remaining 27.3% equity interest in the Perkoa Zinc Project to Glencore. This agreement is subject to Blackthorn Resources' shareholders approving the disposal.
Blackthorn Resources Limited wishes to provide the following update to all Shareholders.
Blackthorn Resources is pleased to provide the following Quarterly Activities Report for 30 June 2014.
Blackthorn Resources is pleased to provide the following Mining Exploration Entity Quarterly Report.