PERKOA

• The Perkoa Zinc mine is located in the Sanguie Province of Burkina Faso, 120km west of the capital Ouagadougou. The project is 35km by road from the country's third largest town, Koudougou, which is linked to neighbouring states of Cote D' Ivoire, Ghana and Togo by tarred roads and by rail to Abidjan, capital of Cote D'Ivoire.
• The Government of Burkina Faso is supportive of all mine developments, based on the country’s 2003 Mining Code, which was drafted in a manner that is attractive to foreign companies. In accordance with the Mining Code, the Government of Burkina Faso is entitled to 10% free-carried interest in the Perkoa project, and provides some beneficial tax concessions.
• The Perkoa zinc mine will be the largest zinc mine development undertaken in the country to date and there is a growing level of excitement over its progression. A Mining Code drafted in 2003, which adopted the principals of worlds’ best practice, sets the terms and conditions for the development of mining projects. The Government has constructed the Seboun Dam that is proposed to supplement water supply for the project. In addition, a rail line, built eight years ago, passes through Koudougou, within 30km from the mine site.
• The Perkoa deposit is a classic VMS deposit hosted by the Lower Proterozoic Birimian Belt. The deposit is unusual for its high concentrations of zinc and barium mineralisation, and relatively low levels of lead and copper. The prospective Birimian rocks in Burkina Faso are the same sequences which host major gold deposits in neighbouring Ghana and Mali.
• Between 1979 and 1992 the deposit was the subject of three separate exploration campaigns. The exploration concession originally covered 484 sq km but has subsequently been reduced to approximately 310 sq km, as a consequence of statutory relinquishments.
• Blackthorn Resources acquired 100% of the project in January 2005. Snowden Mining Industry Consultants completed a Bankable Feasibility Study ('BFS') in December 2005.  • Perkoa has a JORC code compliant probable ore reserve of 6.3 million tonnes at a mine head grade of 13.9% zinc (at a 9% Zn cut off), equating to 873,400 tonnes of contained zinc metal.
• Blackthorn transferred 10% interest to the Burkina Faso government in March 2007, in accordance with statutory requirements upon agreement of exploitation license.
• Construction at the Perkoa Zinc mine commenced in March 2007 following the grant of an exploitation licence for mining purpose.
• The development of the box cut was finalised during 2008, with construction of the the portal, which forms the main entry point to the decline, commencing in May 2008. • Construction at Perkoa was suspended in July 2008, and the Project was placed in a Care and Maintenance programme, sighting a decline in global metal prices.

MUMBWA

The Mumbwa Joint Venture (“JV") Project is located in west central Zambia, approximately 200 km west of the Country’s capital, Lusaka. The Mumbwa tenement (LPL 374) area covers an area of approximately 1,000 km², and is being explored with JV partner BHP Billiton (“BHPB”) for iron oxide copper-gold (“IOCG”) style mineralisation similar to Olympic Dam in South Australia and Ernest Henry in Queensland.

Within the Mumbwa tenement there are 3 large scale anomalies, the Kitumba, Mushingashi and Mutoya anomalies, that being targeted for further exploration. These anomalies were identified in through the Phase 1  Falcon ™ survey commissioned by Blackthorn Resources in 2004.  The high-resolution gravity, magnetic and radiometric data provided by the Falcon ™ survey was interpreted using BHPB's propriety SolidEarth ™ software

At Kitumba, the Phase 2 drilling program completed 8 holes for a total 4,105.17 m of core which included a single discovery hole, S36-001.  This drill hole intersected significant copper and gold mineralisation over a 655 m interval grading 0.46% Cu including:

• 317m @ 0.79% Cu,
• 18m @ 0.20g/t Au,
• 42m @ 2.01% Cu, including
• 4m @ 5.56% Cu.

As follow up to this significant mineralised drill intersection at Kitumba, Blackthorn Resources commenced the Phase 3 drilling program in 2008 which completed 8,000m of cored drilling from 18 holes. A total of 16 holes returned copper and/or gold mineralisation above the nominated 0.25 % Cu and 0.25 g/t Au cut-off grades.

In mid 2009, Blackthorn Resources commissioned consultants from the MSA Group to conduct a Mineral Resource Estimate for the Kitumba area based on results from previous drilling campaigns. The resource estimate study will be reported in accordance with guidelines of the 2004 JORC code

MOKOPANE

• Nickel-Platinum Group Element project located on the Northern limb of the Bushveld Complex;
• Granted new order rights over 3,000 hectares for exploration purposes;
• Appointment of Black Economic Empowerment (BEE) party;
• Five individual mineralised zones identified of which only sufficient drilling over the Southwest Zone for mineral resource estimate;
• Southwest Anomaly contains JORC code compliant Inferred Mineral Resource of 39.7 million tonnes at 0.15% nickel, 0.09% copper, 0.22 g/t platinum and 0.33g/t palladium;
• Near surface mineralisation is amenable to low cost, large scale, open pit mining with low strip ratio;
• Significant potential to increase current resource by additional drilling from all 5 prospects within the licence area;
• Considering a percussion drilling program to further define the resource status from all 5 prospects.

Blackthorn Resources holds the prospecting rights licence that covers an area of 960 hectares over the Mokopane Project. In March 2006, the Company was granted Ministerial consent for the conversion of new order rights which provides for an additional 3,000 hectares of ground for exploration purposes. Infrastructure is excellent and the project is well located immediately south of Ivanhoe Nickel and Platinum’s Platreef Project and 20km along strike from Anglo Platinum’s Potgietersrust Platinum (PPRust) operation that produces approximately 200,000 ounces of platinum per year, with recent expansion expected to produce in excess of 430,000 ounces of platinum per year.

WILLIAM (BILL) CASH 
CHAIRMAN

Prior to joining the Blackthorn Board, Bill Cash consulted to the Company for some eighteen months in product marketing and logistics for the Perkoa Zinc mine. Bill worked at a senior level for MIM Holdings Limited in Base Metals Marketing and for the Lisheen Mining Limited’s zinc and lead mine in Ireland, where his extensive experience of over 20 years, in sales and marketing of  zinc, lead and copper concentrates and metals marketing, product logistics, feasibility studies was gained.

SCOTT LOWE
MANAGING DIRECTOR

Scott Lowe joined Blackthorn Resources in November 2007 and was appointed Chief Executive Officer in June 2008. Before joining the Company, Scott was employed by BHP Billiton for over 20 years in a number of roles, including Vice President Operations for Ingwe in South Africa, Vice President HSEC for BHP Billiton's global Energy Coal businesses and General Manager Business Development & Operating Excellence in Illawarra Coal. In the mining industry, Scott has also worked as General Manager for Peabody Coal.  Beyond the mining industry, he has also worked for P&O, one of the world's largest infrastructure and stevedoring companies, at vice president level with global responsibilities covering a range of complex business and cultural environments. Scott holds a Master of Business Administration from Wollongong University, a Graduate Diploma in Coal Mining, a Mine Manager's Certificate of Competency (Coal) in New South Wales and was recently admitted as a member of the Australian Institute of Company Directors.  During the past three years Scott has not held any other listed company directorships.

LOUIS MNGUNI
NON EXECUTIVE DIRECTOR

Louis Mnguni has been a Philosophy Lecturer at the University of the North, South Africa. He became President of the United Democratic Front (“UDF”), Northern Transvaal and a member of the UDF National Executive Committee. The UDF was an affiliate of the African National Congress (“ANC”). During 1993 and 1994 he was the overall election coordinator for the ANC in the Northern Province. From 1994 to 1999, Mr Mnguni was a Member of the National Assembly (South African Parliament), representing the ANC, and served in the Portfolio Committees of Foreign Affairs, Education and the Reconstruction and Development Program. From February 1999 to March 2004 he was the South African High Commissioner to the Republic of Mauritius. In April 2008, he was appointed South African Ambassador to Guinea Bissau, West Africa. Mr Mnguni has degrees in Sociology, Philosophy and Politics.

NICOLE (NICKI) BOWMAN
NON EXECUTIVE DIRECTOR

Nicki Bowman joined the Blackthorn Board having gained extensive experience as a corporate and commercial lawyer in private practice within a Top 10 Australian law firm. Nicki has held Senior Corporate Counsel positions in BHP and Bluescope Steel, before moving into Senior Management and Executive positions.  Her experience included key roles in Merger and Acquisition transactions, leading contract negotiations, and managing corporate restructures. Nicki holds Bachelor of Economics and Bachelor of Law degrees from Sydney University and was recently admitted as a member of the Australian Institute of Company Directors.

CHRIS BROWN
CFO / COMPANY SECRETARY

Chris Brown has over 20 years experience in senior finance roles for public companies in Australia and New Zealand, including Chief Financial Officer/Company Secretary for Sydney Gas Ltd and General Manager, Accounting for AGL. Chris is a Chartered Accountant and a member of the New Zealand Institute of Chartered Accountants. He holds a Bachelor of Commerce from Auckland University and a Diploma in Corporate Management.