Blackstone Minerals Quarterly Report

Blackstone Minerals (ASX:BSX) announces the Quarterly Report for the period ending 31 December 2019.

Blackstone Minerals (ASX:BSX) announces the Quarterly Report for the period ending 31 December 2019.

Highlights:

  • During the quarter Blackstone announced the King Cobra discovery and recently announced assays from the discovery hole intersected 60m @ 1.3% Nickel from 32m including 13.9m @ 2.25% Nickel from 49m (see Figures 1 & 2 and ASX announcement dated 20th January 2020 for full details);
  • Blackstone’s drillhole BP19-03 which returned 45m @ 1.2% Nickel from 56m is now interpreted as an earlier intersection of King Cobra mineralisation (see ASX announcement dated 6th August 2019 & 17th September 2019 for full details);
  • Blackstone’s drilling has now intersected the King Cobra (KCZ) discovery zone over 200m of strike length, with the KCZ interpreted to be open along strike to the north west and south east and down dip to the north east (see Figure 1);
  • Hole BP19-29 returned the most significant downhole intersections seen to date at the Ta Khoa Nickel-PGE Project, with 60m @ 1.3% Nickel including 13.9m @ 2.25% Nickel from the King Cobra Zone, and 142m @ 0.41% Nickel including 11.9m @ 1.09% Nickel from the underlying previously unnamed Ban Duoi Zone (BDZ);
  • During the quarter Blackstone signed an indicative, non-binding MOU with Korea’s largest EV battery cathode manufacturer, Ecopro BM with a view to formalising a Joint Venture on the downstream processing infrastructure project in association with Blackstone’s Ta Khoa Nickel-PGE Project;
  • Blackstone is continuing its aggressive drilling program at Ban Phuc with four drill rigs testing the disseminated mineralisation (DSS), including two rigs on priority step-out drilling testing for potentially significant expansions to the known Ban Phuc DSS orebody and the down dip feeder zone target at the King Cobra target zone (see Figure 1);
  • Blackstone has purchased inhouse electromagnetic (EM) and Induced Polarisation (IP) equipment and has commenced an extensive ground-based geophysical survey of the Ta Khoa project.
  • Blackstone is well funded to deliver a maiden resource for the Ban Phuc DSS and a scoping study with a strong cash position of $2.83 million

Click here to read the full ASX Announcement

Argyle Diamond Mine Closure: The End of a Sparkling Era

Pink and red diamonds are among the most special gems in the world. The value of these highly sought-after natural stones speaks for itself, but their rarity has arguably increased since the closure of Rio Tinto’s (ASX:RIO,LSE:RIO,NYSE:RIO) Argyle mine.

The asset, which ceased mining activity on November 3, 2020, had been in operation since 1983. In that time, 865 million carats of rough diamonds were produced.

The unique geological chemistry of the Western Australia location birthed the rarest hues, including champagne, cognac, blue, violet and of course, the coveted Argyle pink and red diamonds. Millions of carats of white diamonds were produced at the prolific property as well.

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Argyle Diamond Mine Closure: The End of a Sparkling Era

Pink and red diamonds are among the most special gems on earth. The value of these highly sought-after natural stones speaks for itself, but their rarity has arguably increased since the closure of Rio Tinto’s (ASX:RIO,LSE:RIO,NYSE:RIO) Argyle mine.

The asset, which ceased mining activity on November 3, 2020, had been in operation since 1983. In that time, 865 million carats of rough diamonds were produced.

The unique geological chemistry of the Western Australia location birthed the rarest hues, including champagne, cognac, blue, violet and of course, the coveted Argyle pink and red diamonds. Millions of carats of white diamonds were produced at the prolific property as well.

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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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Mineral sand monazite is an abundant REE-rich feedstock, that can be accessed as a by-product from global mineral-sand mines that target zirconium and titanium, without the need for additional mining. Medallion’s business model is centered on the Medallion Monazite Process , a transferable and scalable technology designed to accept multiple mineral-sand monazite feedstocks and extract high-value REEs with high efficiency, high recovery and zero liquid waste.

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  • Corporate Presentation – Sal de Vida Development Plan
  • Sal de Vida development Plan
  • Sal de Vida Resource & Reserve Update
  • March 2021 Quarterly Results Conference Call
  • Notice of Annual General Meeting/ Proxy Form
  • 2020 Annual Report
  • 2020 Sustainability Report
  • 2020 Corporate Governance Statement
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The announcement can be viewed at:

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