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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).
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 Project in Burkina Faso to Glencore. Following approval by Blackthorn Resources' shareholders in August 2014, the sale of the Company's equity interest in the Perkoa Project was completed with the Company receiving settlement proceeds of US$10 million.
Blackthorn Resources Limited is pleased to release the following 2014 Annual Report.
Blackthorn Resources Limited (ASX:BTR) wishes to inform Shareholders of the details for the next AGM in 2014.
Blackthorn Resources wishes to provide the following presentation narrated by Blackthorn Resources CEO Mark Mitchell at this year's Africa Down Under Event in Perth.