🕐12.03.10 - 01:52 Uhr

Blackham total resource at lignite projects now up to 1.2 Billion tonnes



BLACKHAM RESOURCES LTD: ASX ANNOUNCEMENT 12 March 2010 BLACKHAM INCREASES RESOURCE AT SCADDAN - Total resource at Scaddan and Zanthus Energy Projects now up to 1.2 billion tonnes - Scaddan lignite resource increased to 860 million tonnes - Drilling confirms increase in the energy content of the Scaddan resource - Confidence in the resource has increased significantly with 500 million tonnes (58%) of the resource now in the measured and indicated categories - Further drilling required to confirm a possible extension of the Scaddan West deposit to the north. - Resource to be used in mining and prefeasibility studies - Measured and indicated resource equates to 50 years of potential feedstock based upon a 15,000 barrel per day CTL facility. Australian energy company, Blackham Resources Ltd ("Blackham") (ASX: BLK) continues to advance the development of the Scaddan and Zanthus Energy Projects into Australias premier coal to liquid (CTL) facility. The combined Scaddan and Zanthus Energy Projects, located near Esperance, Western Australia, contains 1.2 billion tonnes of lignite containing 9,200 PJ of energy at shallow depth.

The projects have the potential to produce 600 million barrels of petroleum products, consisting mainly of a clean diesel, as well as additional power available for sale into the grid. The Scaddan Energy Project is surrounded by complimentary infrastructure approximately 60 kilometres north of the town and major port of Esperance and 10 kilometres east of the Esperance to Kalgoorlie highway, gas pipeline and railway line.

Blackham and its JV participants landholdings in the Esperance region are in excess of 200,000 hectares. Runge Limited ("Runge") was engaged to review the borehole data for the Scaddan lignite deposit and provide a resource statement in accordance with the JORC1 reporting standards. Runge is an internationally respected global consulting company providing resource and mining consulting services and software for more than 30 years.
Click here to download the full ASX announcement: http://esp.gewru.com/download/files/12414/1108879/BLACKHAM%20INCREASES%20RESOURCE%20AT%20SCADDAN.pdf For further information on Blackham please contact: Bryan Dixon Managing Director Blackham Resources Limited Office: 08 9388 2967 David Tasker/Melanie Gray Professional Public Relations Ph: 08 9388 0944 Level 1, 22 Oxford Close LEEDERVILLE WA 6007 P(08) 9381 1436 F(08) 9381 1068 www.blackhamresources.com.au.
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