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.
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