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Intrepid unveils new thinking at Kitumba

By: Esmarie Swanepoel     8th October 2015 The Kitumba copper project, in Zambia, has benefited from another update to its prefeasibility study, with owner Intrepid Mines reporting a 35% decline in estimated capital costs. A 2013 feasibility study by previous owner Blackthorn Resources, estimated that the underground project would cost... 

Blackthorn given mining licence over Kitumba

By: Esmarie Swanepoel     18th November 2014 Zambia-focused Blackthorn Resources has been granted a mining lease for its Kitumba copper project, satisfying a key condition of a takeover by fellow-listed Intrepid Mines. “This is a significant milestone for Blackthorn Resources and confirms the support of the Zambian government for the... 

Intrepid announces merger with Zambia-focused Blackthorn

By: Esmarie Swanepoel     28th August 2014 Precious metals developer Intrepid Mines on Thursday announced a merger with fellow-listed Blackthorn Resources to create a copper company with assets in Zambia. Under the terms of the agreement, Blackthorn shareholder would receive 1.078 Intrepid shares for each Blackthorn share held, giving... 

Blackthorn to start discussions for Kitumba project partner

By: Esmarie Swanepoel     2nd May 2014 ASX-listed Blackthorn Resources is on the hunt for a project partner to help fund the development of its Kitumba copper project, in Zambia. At the end of April, Blackthorn announced that an optimised feasibility study for the project had more than tripled Kitumba’s expected value, estimating... 

Blackthorn to start DFS for Zambia copper project

By: Esmarie Swanepoel     29th April 2014 An optimised prefeasibility study (PFS) for ASX-listed Blackthorn Resources’ Kitumba copper project, in Zambia, has more than tripled the project’s expected value. The optimised PFS estimated that the Kitumba project would have an internal rate of return of 21% and a net present value of... 

Blackthorn sells Perkoa interest to Glencore

By: Esmarie Swanepoel     16th April 2014 ASX-listed Blackthorn Resources has signed an agreement with mining major GlencoreXstrata to sell its remaining 27.3% interest in the Perkoa zinc project, in Burkina Faso, for $12-million. Under the terms of the transaction, Blackthorn would receive $10-million for its equity interest in Perkoa,... 

Blackthorn hopes for lower costs at Kitumba

By: Esmarie Swanepoel     27th March 2014 ASX-listed junior Blackthorn Resources was hoping to lower the capital cost expectations of its Kitumba copper project, in Zambia. Blackthorn told shareholders on Thursday that optimisation work on the previous prefeasibility study (PFS) had so far indicated improved fee grade and recovery,... 

Blackthorn suspends openpit operations at Burkina Faso zinc mine

By: Esmarie Swanepoel     14th February 2014 ASX-listed junior Blackthorn Resources has suspended opencut operations at the Perkoa zinc mine, in Burkina Faso, it reported on Friday, citing resource underperformance, weaker metal prices and “unacceptable” openpit financial results. Earlier this week, joint venture (JV) partner... 

Perkoa ships its first zinc

By: Esmarie Swanepoel     17th October 2013 ASX-listed Blackthorn Resources has shipped its first zinc concentrate from the Perkoa project, in Burkina Faso. Blackthorn said on Thursday that 12 175 t of zinc concentrate sailed from the port of Abidjan, in Cote d’Ivoire. A further 16 000 t of zinc concentrate has also been trucked and... 

Intrepid Mines appoints CEO

By: Henry Lazenby     3rd October 2013 Dual-listed Intrepid Mines on Thursday announced that it had appointed Scott Lowe CEO and MD effective from November 1, to fill the vacancy left after Brad Gordon resigned in August. Lowe has extensive experience in international mining operations and managing international litigation issues, and... 

Blackthorn eyes underground mine at Kitumba

By: Esmarie Swanepoel     10th September 2013 The prefeasibility study (PFS) on ASX-listed Blackthorn Resources’ Kitumba copper project, in Zambia, has flagged a $358-million development cost. An underground operation has been chosen as the preferred base case, as it offered a lower capital cost and higher capital efficiency, the miner said... 

Blackthorn takes over Mumbwa licence

By: Esmarie Swanepoel     20th August 2013 ASX-listed explorer Blackthorn Resources has taken ownership of the Mumbwa prospecting licence after completing the transferral with the exploration arm of major BHP Billiton. The prospecting licence was first granted in 2007, and has twice been renewed for a total of three two-year periods. A... 

Perkoa capital request hits Blackthorn shares

By: Esmarie Swanepoel     2nd August 2013 ASX-listed Blackthorn Resources saw a near 8% slump in its share price on Friday, after reporting that its Perkoa mine, in Burkina Faso, would require another capital investment. The miner said that its joint venture (JV) partner, Glencore Xstrata, had advised that a further $30-million cash... 

Blackthorn delays first Perkoa zinc shipment

By: Esmarie Swanepoel     30th May 2013 Base metals developer Blackthorn Resources has pushed back the first expected shipment from its Perkoa mine, in Burkina Faso, from the third quarter of this year to the fourth quarter. The ASX-listed miner said on Thursday that production at the zinc mine had been affected by unplanned downtime... 

Prefeasibility for Kitumba expected in Q3

By: Natasha Odendaal     12th April 2013 ASX-listed junior Blackthorn Resources expects to deliver the prefeasibility study (PFS) for its Zambia-based Kitumba resource by the end of July. The junior miner started the PFS on the flagship deposit, which formed part of Blackthorn’s Mumbwa copper project, in January, following the... 

Blackthorn secures $80m funding for Burkina Faso zinc mine

By: Esmarie Swanepoel     13th March 2013 ASX-listed Blackthorn Resources has secured an additional $80-million in equity funding from joint venture (JV) partner Glencore to complete the construction and commissioning of its Perkoa zinc project, in Burkina Faso. Earlier this year, Blackthorn announced that the price tag on the Perkoa... 

Perkoa JV price tag rises to $260m

By: Esmarie Swanepoel     29th January 2013 ASX-listed Blackthorn Resources has upped the price tag on its Perkoa joint venture (JV) to some $260-million, following a revised cost estimate by partner Glencore. Glencore had previously agreed to provide $120-million working capital to fund the expanded project construction and commissioning... 

Blackthorn commissions Kitumba PFS

By: Esmarie Swanepoel     8th January 2013 ASX-listed junior Blackthorn Resources has commissioned a prefeasibility study (PFS) for the Kitumba resource, which forms part of the Mumbwa copper project, in Zambia. The commissioning of the PFS followed the successful completion of a scoping study in September last year, which indicated the... 

Perkoa close to production - Blackthorn

By: Esmarie Swanepoel     26th September 2012 ASX-listed Blackthorn Resources was expecting first concentrate from its Perkoa joint venture (JV), in Burkina Faso, by the end of October or early November. The company said on Wednesday that the cold commissioning process at the plant, which was currently under way, was expected to take four... 

Kitumba scoping delivers positive results for Blackthorn

By: Esmarie Swanepoel     17th September 2012 A scoping study has found that ASX-listed Blackthorn Resources’ Kitumba copper project, in Zambia, could produce between 55 000 t/y and 75 000 t/y of copper. The scoping study evaluated a truck-and-shovel openpit mine. The study was based on a resource estimate of 439-million tons of ore, at... 

Tiger pounces on Zambian alliance

By: Esmarie Swanepoel     28th August 2012 Dual listed Tiger Resources has formed a strategic alliance with ASX-listed copper explorer Chrysalis Resources to expand its footprint in the Zambian copper belt. Under the terms of the agreement, Tiger would acquire a 19.9% interest in Chrysalis by investing up to A$1.68-million, by... 

Blackthorn raise A$40m for Burkina Faso studies

By: Esmarie Swanepoel     17th July 2012 Base and precious metals developer Blackthorn Resources would undertake a A$40.1-million capital raising to fund resource definition and feasibility studies at its Kitumba project. The company said on Tuesday that it would undertake a two-for-17 accelerated nonrenounceable entitlement offer to... 

Blackthorn backs Perkoa expansion

By: Esmarie Swanepoel     12th July 2012 The board of ASX-listed developer Blackthorn Resources has given its approval to participate in the expansion of its Perkoa joint venture (JV) project with Glencore International. In 2011, Glencore proposed an enhanced business case for the Perkoa JV, in Burkina Faso, which would see the... 

Blackthorn upgrades Mumbwa resource

By: Esmarie Swanepoel     29th June 2012 Base and precious metals developer Blackthorn Resources has reported a 160% in contained copper for its Kitumba deposit, which forms part of its Mumbwa project, in Zambia. The mineral resource at Kitumba has now increased to 187-million tons, at 1.14% copper, up from the maiden inferred mineral... 

Perkoa proves up for Blackthorn

By: Esmarie Swanepoel     25th May 2012 Metals developer Blackthorn Resources has reported an 80% increase in the mineral resource at its Perkoa joint venture project, in Burkina Faso. The project’s mineral resource has now increased to 12.17-million tons, at 10.3% zinc and 53.9 g/t silver. Measured and indicated resources increased... 

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