Blackthorn Resources Limited is an emerging minerals exploration and mining company, which from 11 December 2014 became a wholly-owned subsidiary of Intrepid Mines Limited which is listed on the Australian Securities Exchange (ASX Code: IAU).
The Company's goal is to build an asset base that delivers outstanding returns for shareholders and benefits for all stakeholders. It is focused on shareholder value and growth through the acquisition and responsible development of mineral resources and mining projects.
The Company’s key assets are:
BHP Billiton, having completed funding Phase 4 exploration of the Mumbwa Project and withdrawn from the Mumbwa JV, retains a 2% production royalty.
Blackthorn Resources strategy is focused on:
leveraging its technical and financial expertise and available funding by entering into strategic alliances;
actively exploring for iron oxide copper-gold (“IOCG”) in Zambia; and
acquiring base and precious metal projects at varying stages of development.
Blackthorn Resources aims to comply with leading practice in corporate governance, health, safety and environmental standards.