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Broker Reports

The analysts below follow Blackthorn Resources. Please note that any opinions, estimates or forecasts made by these analysts regarding Blackthorn Resources' performance do not represent the opinions, forecasts or predictions of Blackthorn Resources or its management. By referencing the below analysts Blackthorn Resources does not imply any endorsement or concurrence with their views.

SHORT NOTE BY EDISON INVESTMENT RESEARCH LTD

24 February 2010

Blackthorn Resources is a research client of Edison Investment Research Limited.

REPORT BY EDISON INVESTMENT RESEARCH LTD

19 January 2010

Blackthorn Resources is a research client of Edison Investment Research Limited.