COMPANY ACTIVITY

Blackham becomes clearer on CTL vision

BLACKHAM Resources is moving ahead with its coal-to-liquids plans, with the upgraded resource at its projects near Esperance now boasting 1.2 billion tonnes.

Angie Tomlinson
Blackham becomes clearer on CTL vision

The Scaddan and Zanthus Energy projects contain a total resource of 9200 petajoules of energy. The Scaddan lignite resource increased to 860 million tonnes.

Blackham said the projects have the potential to produce 600 million barrels of petroleum products, consisting mainly of clean diesel, as well as additional power back into the grid.

Scaddan is located 60 kilometres north of Esperance and its port, and 10km east of the Esperance to Kalgoorlie highway, gas pipeline and railway line.

Scaddan will be amenable to open cut extraction at depths of 25-30m with an average cumulative coal thickness of 8m.

The Zanthus resource, located on the western margin of the Eucla Basin, is also agreeable to open cut extraction with depths of 15-50m with an average coal thickness of 7.9m.

Blackham shares are up 3.3% this morning to 31c.

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