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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Blackthorn | LSE:BRL | London | Ordinary Share | AU000000BTR5 | ORD NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 3.375 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMBRL RNS Number : 3020M Blackthorn Resources Ltd 27 January 2009 BLACKTHORN RESOURCES LIMITED 27 JANUARY 2009 MOKOPANE PROSPECTING RIGHTS RENEWAL GRANTED Blackthorn Resources Limited (ASX:BTR ; AIM:BRL) ("the Company" or "Blackthorn Resources") is pleased to announce it has been granted renewal of the New Order Prospecting Rights over the Mokopane Project in the Limpopo Province of South Africa. The renewal of the Prospecting Rights has been granted for a period of three years, and is valid until April 2011 (based on the renewal date in April 2008). The renewed Prospecting Rights are required to be lodged with the Mineral and Petroleum Titles office within 30 days to register the title, and the Company is progressing with this registration. The Mokopane Project area is situated on the northern limb of the Bushveld Igneous Complex, and covers approximately 960 hectares on the northern outskirts of the Mokopane township. The Project area is close to infrastructure and contains near surface mineralisation from within the Platreef sequence of the Rustenberg Layered Suite, which is prospective for Nickel and Platinum Group Elements (PGE). There are five known mineralised areas within the prospecting area, described as: 1. the Southwest, 2. the West, 3. the Northwest, 4. the Northeast, and 5. the Far North. Previous exploration identified a JORC Compliant inferred resource within the Southwest area, which is estimated to contain 39.7 million tonnes at 0.146% nickel, 0.085% copper, 0.22 g/t platinum and 0.33g/t palladium (at a zero cut-off rate) - as per the Company's announcement to AIM dated 21 March 2006. Mineralisation is from surface to a depth of approximately 200 metres, and remains open at depth and along strike towards the southeast. Managing Director, Scott Lowe said "this is another great opportunity for the Company to progress and develop one of its assets. In conjunction with its 26% Black Economic Empowerment partner, Blackthorn Resources is currently looking at strategic options to add value to this project". Should you require further information please contact: Scott LoweManaging DirectorPh: + 61 2 9357 9000 Fiona Owen Grant Thornton UK LLP Ph: +44 20 7383 5100 www.blackthornresources.com.au This information is provided by RNS The company news service from the London Stock Exchange END MSCSEFFSWSUSESF
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