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Blackthorn Resources Ltd, Update: Pekoa Project

KEY POINTS

- Commissioning of processing plant continuing
- First concentrate production now expected in December
- Concentrates logistics arrangements being finalised
- 42,000 tonnes of ore from open pit and 20,000 tonnes from underground mine development stockpiled on the Run-of-Mine (ROM) pad for use at the processing plant.

Blackthorn Resources Limited (ASX:BTR) (“the Company” or “Blackthorn Resources”) is pleased to provide the following project update for construction, mine development and processing plant commissioning activities at the Perkoa Project in Burkina Faso, West Africa.

The Perkoa Project is a joint venture with Glencore International (50.1%), Blackthorn Resources (39.9%) and the Burkina Faso Government (10% free carried) which is currently developing the first large-scale underground base metals mine in the country. The project is located 120km west from the capital Ouagadougou.

There has been a delay to the start of concentrate production initially planned for end of October / beginning of November, due to the delay in the supply of parts and equipment due to inbound logistics.

The first concentrate production is now expected during December 2012.


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