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Blackthorn Resources, Mumbwa Project: Independent Scoping Study Initiated at Kitumba

KEY POINTS

- Independent Scoping Study commissioned for the Kitumba mineral resource

- Minarco-MineConsult (MMC), a trading division of Runge Limited, has been appointed to conduct the study

- Metallurgical test work to be undertaken

Blackthorn Resources Limited (ASX:BTR) (“the Company” or “Blackthorn Resources”) is pleased to announce the initiation of a scoping study for the Company’s 100% held Mumbwa Project in central Zambia. The objective of the scoping study is to assess the potential for an economic mining operation of the Kitumba inferred mineral resource.

The Mumbwa district is being explored by the Company for Iron Oxide Copper-Gold (IOCG) style of mineralisation as follow-up to the maiden inferred mineral resource which was estimated at Kitumba on 19 October 2009.

The follow-up Phase 5 drilling program commenced in August 2011. To date approximately 8,185m has been drilled and it is anticipated the drilling component will be completed by the end of March 2012, with the receipt of copper and gold assays to continue for approximately 6 weeks thereafter.


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