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Blackthorn: Board Changes

Blackthorn Resources Limited (ASX: BTR) announced that Mr Mark Mitchell has agreed to join Blackthorn Resources as its Chief Executive Officer. His appointment will be effective from 1 January 2014.

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Blackthorn Resources provides update regarding Perkoa Mine, Burkina Faso

  • First shipment of 12,175 wet metric tonnes of zinc concentrate has sailed from the Port of Abidjan, Côte d’Ivoire.
  • Trucking of zinc concentrate to the Port is continuing, with approximately 16,000 wet metric tonnes of zinc concentrate having been delivered to the Port.
  • The second ball mill is in transit. However, delivery to the mine has been delayed.
  • Discussions continuing with Glencore Xstrata regarding funding.
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AVOCET: New Inata life of mine plan shows 36% increase in gold produced

  • Stronger cash generation - US$65 million in hedge period, US$190 million thereafter;
  • Total production increase of 36% in life of mine (‘LOM’) plan recovered ounces to 960,000 ounces compared with March 2013 LOM plan of 707,000 ounces;
  • New LOM plan based on US$1,200 pit shells;
  • Average annual production of 116,000 ounces, up 21% from 96,000 ounces in previous plan;
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Blackthorn Resources Burkina Faso Project: - Poa and Guido Exploration Permits Renewed for a further Three Years - Exploration Update

Blackthorn Resources Limited (ASX: BTR) advise that its wholly-owned subsidiary Blackthorn Resources Burkina Faso SARL (BBF) has been granted renewal of the Poa and Guido exploration permits in Burkina Faso, West Africa.

  • Blackthorn Resources currently holds 100% interest in seven exploration permits in Burkina Faso covering a total area of 911.23 km2.
  • Exploration work continues with the acquisition of airborne VTEM and a RAB drilling program.
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Burkina Faso Explortion Update - Poa & Guido Permits Renewed

KEY POINTS

  • Poa and Guido exploration permits in Burkina Faso have been renewed for a further three years expiring in July 2016.
  • Blackthorn Resources currently holds 100% interest in seven exploration permits in Burkina Faso covering a total area of 911.23 km2.
  • Exploration work continues with the acquisition of airborne VTEM and a RAB drilling program.
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