Wesfarmers' coal division, Premier Coal, has bought a further 30 per cent interest in Blackham Resources' tenements that surround the existing Scadden Energy joint venture near Esperance.
Shares in Leederville-based Blackham Resources Ltd have jumped 46 per cent after a resource boost in the Scaddan coal-to-liquids joint venture with Wesfarmers Premier Coal Ltd that is projected to have mine life of over 45 years.
Wesfarmers Premier Coal Ltd and Blackham Resources Ltd have ended their dispute over the Scaddan Energy Project tenements near Esperance, by signing a joint venture agreement to develop the project.
Blackham Resources' battle with Wesfarmers Premier Coal Ltd over the Scaddan lignite deposit further increases the industry's uncertainty about investing in exploration in Western Australia, according to the Association of Mining and Exploration Companies
Shares in Leederville-based minerals explorer Blackham Resources Ltd fell 14.3 per cent today after lodging its case for the retention of the Scaddan Lignite deposit in the Warden's Court, which it pegged earlier this month.
