Blackthorn Resources Limited is an emerging minerals exploration and mining company listed on the Australian Securities Exchange (ASX Code: BTR) with a clear path to production and promising exploration projects.
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:
Joint venture partner Glencore Xstrata is funding the development of the Perkoa Zinc Mine. BHP Billiton having completed funding Phase 4 exploration of the Mumbwa Copper-Gold Project and withdrawn from the Mumbwa JV retains a 2% production royalty.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;
- utilising cash to be generated from the investment in Perkoa to fund future activities;
- actively exploring for iron oxide copper-gold (“IOCG”) in Zambia and gold/base metals in Burkina Faso; 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.