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  • Blackthorn Resources Acting Chief Executive Officer Buys Shares On Market 0 comments
    Dec 17, 2013 5:29 PM

    Blackthorn Resources' (ASX: BTR) acting chief executive officer and non-executive director Michael Oppenheimer has acquired 200,000 shares in the company in on market trade.

    He paid $0.2388 for each share, or a total consideration of $47,760. This increases his total shareholding up to 816,089 shares.

    Blackthorn had on Monday increased Resources at the Kitumba deposit at its wholly-owned Mumbwa Project in Zambia by 25% to 34.7 million tonnes grading 2.29% copper at a 1% cut-off.

    Importantly, this now includes a Measured Resource of 10.4Mt at 2.93%, or 306,000 tonnes of contained copper.

    Optimisation of metallurgy, process plant design and mine plan is underway using this updated Resource estimate.

    Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX "Small and Mid-cap" stocks with distribution in Australia, UK, North America and Hong Kong / China.

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