Blackstone Purchases Third Diamond Drill Rig to Accelerate Drilling at Ban Chang

Blackstone purchases a third diamond drill rig to accelerate drilling the Ban Chang prospect at the Ta Khoa Nickel-Cu-PGE project in Vietnam

Blackstone purchases a third diamond drill rig to accelerate drilling the Ban Chang prospect at the Ta Khoa Nickel-Cu-PGE project in Vietnam (Refer to Figure 3);

  • Blackstone owns two diamond drill rigs drilling Ban Chang East and the King Cobra Discovery zone (KCZ) at Ban Phuc;
  • A third diamond drill rig will allow Blackstone to accelerate drilling at Ban Chang to supplement the ongoing study work focused on downstream processing to produce nickel sulfate for the lithium-ion battery industry;
  • By purchasing a third diamond drill rig the Company has an “All-in” diamond drilling cost of US$50/m at the Ta Khoa project, a ~60% reduction in drilling costs relative to Australian industry averagesi;
  • Blackstone’s four maiden drill holes at Ban Chang all intersected massive sulfide nickel over a
    1.2km strike within a 1.2km long massive sulfide target zone defined by high priority electromagnetic (EM) plates (Refer to Figure 1).

Blackstone Minerals’ Managing Director Scott Williamson commented:

“Blackstone has made rapid progress over the past few months and we are very excited about the potential of Ban Chang. Our latest assays have confirmed a new zone of high-grade mineralisation which was previously untested at Ban Chang East. As we work towards completing our scoping study this quarter, we have now purchased an additional diamond drill rig to ensure we can progress the project as rapidly as possible as we systematically test our 25 massive sulfide targets.”

Click here for the full press release.

AU$4 Billion Galaxy/Orocobre Merger to Create Top 5 Lithium Company

Australia’s Orocobre (TSX:ORL,ASX:ORE) and Galaxy Resources (ASX:GXY,OTC Pink:GALXF) agreed this week to join forces in a AU$4 billion “merger of equals.” The deal comes as demand for lithium for electric vehicle (EV) batteries continues to pick up pace.

Once the merger is complete, the new company will become a top five lithium chemicals company globally — and top three outside of China — with production capacity of around 40,000 tonnes of lithium carbonate equivalent per year.

“The merged entity’s growth opportunities in both brine and hard rock position it uniquely to take advantage of expected rising EV demand for lithium,” Galaxy Chairman Martin Rowley said.

Keep reading... Show less

IIROC Trading Halt – TMRR

The following issues have been halted by IIROC:

Company: Tempus Resources Ltd.

Keep reading... Show less

Cleantech Investing in Australia

Climate change is a looming issue for Australians, with 82 percent concerned about bushfires and 81 percent worried that drought or flooding will affect crop production and food supply.

This is where conscious investors look to the cleantech sector, which covers everything from renewable energy to low-emission technologies to water technology to battery storage and more.

What should investors know about cleantech in Australia before they jump in? Read on for a look at key factors, including market size, the industries encompassed by cleantech and big players to watch.

Keep reading... Show less

Galaxy Resources Limited Announcement

Galaxy Resources Limited (ASX: GXY) ( Company ) advises that the following announcement has been made to the Australian Securities Exchange which appears on the Company’s platform (ASX):

  • Becoming a substantial holder

The announcement can be viewed at:

Keep reading... Show less

Hastings Technology Metals Ltd Signs Major Offtake Contract with thyssenkrupp

Perth, Australia (ABN Newswire) – Australia’s next rare earths producer Hastings Technology Metals Limited (ASX:HAS) is pleased to announce that it has executed a binding offtake contract with thyssenkrupp Materials Trading GmbH (TK), for high-grade mixed rare earth carbonate (MREC) from the Company’s Yangibana Rare Earths Project (Yangibana) in the Gascoyne region of Western Australia.


– Hastings announces signing of a major offtake contract for the supply of its high grade product from its Yangibana Rare Earths Project in Western Australia to thyssenkrupp Materials Trading GmbH.

Keep reading... Show less

Top News

Related News