Blackstone Minerals: Exploring Southeast Asia’s Premier Nickel-Sulfide District

Blackstone Minerals: Exploring Southeast Asia’s Premier Nickel-Sulfide District

Blackstone Minerals (ASX:BSX) has launched its campaign on the Investing News Network’s resource channel.

Blackstone Minerals (ASX:BSX) has launched its campaign on the Investing News Network’s resource channel.

Blackstone Minerals is an exploration company specializing in battery metals and precious metals. The company’s flagship project, the Ta Khoa Nickel PGE (coppercobalt) Sulfide Project, is located 160 kilometers west of Hanoi in the Son La Province of Vietnam. The project operated as an underground nickel mine from 2013 to 2016, and includes a downstream processing plant that is connected to a local hydro grid power system with a fully-permitted tailings facility.

Blackstone Minerals also owns a number of high-profile resource projects around the world, including the BC project (cobalt-gold) in Canada and the Silver Swan South project (gold-nickel) in Western Australia. The BC project, formerly known as the Little Gem project, was acquired by Blackstone in 2017. The company has since completed an extensive maiden exploration program on the property, including drilling, geochemical and geophysical surveys that indicated the potential for a world-class cobalt belt in British Columbia.

Blackstone Minerals’ company highlights include the following:

  • Ta Khoa has infrastructure advantages via the existing Ban Phuc mine and processing facilities, and access to low-cost, underutilized hydroelectricity and a trained labor force
  • Ban Phuc is one of 25 nickel sulfide prospects in the highly prospective Blackstone-controlled Ta Khoa Nickel PGE (copper-cobalt) district, Son La Province, Vietnam
  • Targeting Q2 2020 for the delivery of the initial Joint-Ore Reserves Committee compliant resource for the Ban Phuc disseminated Nickel PGE (copper-cobalt) deposit
  • Advancing an independent scoping study evaluating development options for the Ban Phuc bulk mineable disseminated deposit and adjacent high-grade Nickel PGE (copper-cobalt) prospects
  • The objective is to produce a high-value nickel sulfate product for the lithium-ion EV battery manufacturing hub being developed in the port city of Hai Phong, where leading manufacturing companies have existing large-scale electronics manufacturing facilities
  • Funding secured to deliver a maiden resource and scoping study for the Ban Phuc disseminated nickel sulfide deposit, with approximately AU$4.95 million in treasury and access to an additional AU$2 million through a Controlled Placement Agreement (CPA) with Acuity Capital

Click here to connect with Blackstone Minerals (ASX:BSX) and to request an investor presentation.

Lodgement of Codrus Minerals Limited IPO Prospectus

Key Highlights:

Codrus Minerals Limited has lodged its IPO Prospectus with ASIC to raise a minimum of $5,000,000 and a maximum of $8,000,000.
• PAC Partners Securities Ltd and Westar Capital Limited appointed as Joint Lead Managers.
• Priority offer to eligible Blackstone shareholders up to 10,000,000 shares.
• Shannan Bamforth, experienced Exploration Geologist appointed as Managing Director.
• Highly prospective Gold IPO with the spin-out of the Western Australian gold assets, including the Silver Swan South Project, Red Gate Project and the Middle Creek Project
• The Bull Run project in Oregon USA, consisting of 90 claims in Baker County in Eastern Oregon, prospective for gold and has been mined since 1929.
• Blackstone to be a substantial shareholder of Codrus.

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Appointment of Codrus Managing Director

Blackstone Minerals Limited (“Blackstone” or the “Company”) is pleased to announce the appointment of Shannan Bamforth as Managing Director of Codrus Minerals Limited (“Codrus”), the spin out of its non-core gold assets announced earlier this year (Refer to ASX announcement from 15 January 2021)

Mr Bamforth is a geologist with over 20 years’ experience in the resources industry with a focus on base metals and gold. He has worked in exploration, operations and corporate roles in Australia, Africa, China, and Indonesia. Mr Bamforth comes to Codrus from Sandfire Resources where he has been working in the role of General Manager Geology since 2010. Prior to this role he held various senior positions with a variety of companies including Regent Pacific Group, St Barbara Mines, AngloGold Ashanti, and Acacia Resources. He is a member of The Australian Institute of Mining and Metallurgy.

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Blackstone Minerals Quarterly Report for the Period Ending 31 March 2021

Ta Khoa Nickel – Copper – PGE Project

Upstream Business Unit (UBU)

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Graphite Metallurgical Test Work Update

Highlights:

  • Bulk sample of Springdale graphite concentrate estimated to be completed in Q2 2021.
  • Concentrate material will then be sent to Germany to test its amenability for the production of battery anode material suitable for use in EVs.
  • Final test results expected in Q3 2021.

Comet Resources Ltd (ASX:CRL) is pleased provide an update on ongoing test work on natural flake graphite from its Springdale Graphite Project (Springdale) located in Western Australia. Both excellent grade and recoveries were achieved on initial tests, leading to commencement of work to produce a bulk sample for further testing. Importantly, the graphite concentrates previously produced demonstrated a unique and potentially very valuable characteristic in its small size distribution, with two-thirds of the product passing the 38 µm size fraction screen. Generally, this small size fraction of graphite is a by-product of processing of larger flake fractions, which produces smaller size graphite, but in doing so also damages the smaller flake material in the process, reducing their performance and value. Deposits that contain high quality ultra-fine graphite are uncommon and are potentially suitable for supplying the expanding battery anode market, which continues to grow as the sales of electric vehicles (EVs) increase. Graphite suitable for battery anode production also achieves premium pricing in graphite markets, making it a highly sought-after product.

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Rio Tinto reaches agreement with Turquoise Hill Resources on financing plan for Oyu Tolgoi

Rio Tinto has entered into a binding Heads of Agreement (HoA) with Turquoise Hill Resources (TRQ) for an updated funding plan (the “Funding Plan”) for the completion of the Oyu Tolgoi (OT) Underground Project in Mongolia. The Funding Plan addresses the estimated remaining known funding requirement of approximately $2.3 billion 1 , building on and replacing the arrangements established in the Memorandum of Understanding that Rio Tinto and TRQ previously entered into on 9 September, 2020.

Under the HoA, subject to securing approval by OT LLC and any required support from the Government of Mongolia, and subject to timing, availability, and terms and conditions being acceptable to both parties, Rio Tinto and TRQ will:

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