BLACKHAM RESOURCES LIMITED (BLK)



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General Information
Company Name: Blackham Resources Limited
Stock Code: BLK
Website: www.blackhamresources.com.au
GICS Sub-Industry: Coal & Consumable Fuels
Market Cap ($M): 11
Equiv. Shares (M): 76

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
$ 0.150 $ 0.160 $ 0.160 $ 0.150 $ 0.150 47,897 0%

Company Overview

Business Description:
Blackham Resources Limited (BLK) is a mineral exploration company with a focus on advancing the development of the Scaddan and Zanthus Energy Projects into coal to liquid (CTL) facility. The combined Scaddan and Zanthus Energy Projects near Esperance, Western Australia have 1.4 billion tonnes of coal containing 10,600 PJ of energy at shallow depth.


Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2012  A -1.3 -3.0 -- 0.0 0.0 0.0 --
2011  A -0.5 -1.3 -- 0.0 0.0 0.0 --
2010  A -0.9 -2.5 -- 0.0 0.0 0.0 --
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2010 A 2011 F 2012 F 2010 A 2011 F 2012 F 2010 A 2011 F 2012 F
Aquila Resources (AQA) $914 M -- -- -- 277.5000 -- -- 0.0000 0.0000 0.0000
Blackham Resources (BLK) $11 M -- -- -- -- -- -- 0.0000 -- --
Energy Resources (ERA) $557 M -- -- -- -- -- -- 0.0000 0.0000 0.0000
Linc Energy (LNC) $755 M -- -- -- -- -- 245.7627 0.0000 0.0000 0.0000
Whitehaven Coal (WHC) $2,308 M -0.3218 -- -- 22.3436 -- 241.9355 0.0133 0.0000 0.0000

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
BLK -- -- 1.29 -- 1,500
Market 1.07 12.6 0.89 2.31 2.58
Sector 1.37 15.2 0.78 2.32 5.20

Directors
Name Position Start Date
Mr Craig Michael Alternate Director 26 February 2013
Mr Gregory James Miles Executive Director 17 October 2011
Mr Alan Philip Mackenzie Thom Executive Director 31 July 2008
Mr Bryan Garrie Kenneth Dixon Managing Director 07 July 2006
Mr Joseph Isaac Gutnick Non-Executive Chairman 18 February 2013
Mr Brett Sidney Smith Non-Executive Director 07 July 2006

Management
Name Position
Julie Hill Company Secretary

Substantial Shareholders
Holding Name
6,857,513 (12.56%) Nathan Bruce McMahon
8,004,072 (14.66%) Paul & Maree Murphy

Calendar of Events
Date Event
29 April 2014 Report (Quarterly)
30 January 2014 Report (Quarterly)
30 October 2013 Report (Quarterly)
27 September 2013 Report (Annual)
30 July 2013 Report (Quarterly)
© 2011 Morningstar, Inc. All rights reserved. The data and content contained herein are not guaranteed to be accurate, complete or timely. Neither Morningstar, nor its affiliates nor their content providers will have any liability for use or distribution of any of this information. To the extent that any of the content above constitutes advice, it is general advice that has been prepared by Morningstar Australasia Pty Ltd ABN: 95 090 665 544, AFSL: 240892 (a subsidiary of Morningstar, Inc.), without reference to your objectives, financial situation or needs. Before acting on any advice, you should consider the appropriateness of the advice and we recommend you obtain financial, legal and taxation advice before making any financial investment decision. If applicable investors should obtain the relevant product disclosure statement and consider it before making any decision to invest. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). DISCLOSURE: Employees may have an interest in the securities discussed in this report. Please refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/fsg.asp.

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