Blackstone Minerals Limited ("Blackstone", "Company") is pleased to advise that its spin-out company Codrus Minerals Limited ("CDR") has been admitted to the Official List of the ASX on 21 June 2021 and official quotation of its shares on the ASX will commence at 12.30 pm AEST on Wednesday the 23rd of June 2021.

This follows the successful completion of its $8 million initial public offering (IPO) under a Prospectus (dated 5 May 2021). Shares issued were allotted on the 17th of June 2021 to shareholders and the consideration of 35,000,000 ordinary shares received by Blackstone as part of the spin-out.


Blackstone will hold 46% of the equity in Codrus (escrowed for 2 years). Authorised on by the Managing Director on behalf of the Board of Blackstone.


Source

Blackstone Board Approves Pilot Plant and Ta Khoa Refinery DFS

Following compelling outcomes from the Ta Khoa Refinery (TKR) Pre-Feasibility Study (refer ASX announcement 26 July 2021), Blackstone Minerals ("Blackstone" or the "Company") Board of Director's have approved the first phase of pilot plant work and the Definitive Feasibility Study (DFS) for the TKR.

Keep reading... Show less

Blackstone Delivers Exceptional Downstream PFS Results

Downstream Pre-feasibility Study (PFS) confirms technically and economically robust hydrometallurgical refining process to upgrade nickel sulfide concentrate to produce battery grade Nickel: Cobalt: Manganese (NCM) 811 Precursor for the Lithium-ion battery industry.

Valuation Outcomes

Keep reading... Show less

Blackstone Commences Green Hydrogen Study

Blackstone Minerals Limited ("Blackstone" or the "Company") continues to expand its commitment to producing green nickel' and is pleased to provide details on the first of several initiatives being considered as part of the Company's aim to develop a zero-carbon mining operation and downstream processing facility at Blackstone's flagship Ta Khoa Nickel-Copper-PGE Project in Vietnam.

Keep reading... Show less

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.

Keep reading... Show less

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.

Keep reading... Show less

SHAREHOLDER ALERT: WeissLaw LLP Investigates Square, Inc.

WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Square, Inc. (“Square”) (NYSE: SQ) in connection with the Company’s proposed acquisition of Afterpay Limited (“Afterpay” or the “Company”) (ASX: APT). Under the terms of the agreement, Square will issue shares of Square’s Class A common stock to Afterpay shareholders, who will receive 0.375 shares of Square stock for each Afterpay share they own. The transaction is valued at approximately $29 billion .

Keep reading... Show less

Australia Resource Investing 101

If you’re reading this, chances are you’ve seen some of the recent buzz around Australia as a destination for resource investment and potential profit.

Australia ranks as the 13th largest economy in the world, due in no small part to its mineral largess. Between 2010 and 2020, mining contributed an impressive 10.4 percent to Australia’s economy, translating to a gross domestic product of AU$202 billion.

The country is a global mining hotspot, and its abundant natural resources and government incentives have attracted some of the mining industry’s biggest names: BHP (ASX:BHP,LSE:BHP,NYSE:BHP), Rio Tinto (ASX:RIO,LSE:RIO,NYSE:RIO) and Newcrest Mining (ASX:NCM,OTC Pink:NCMGF).

Keep reading... Show less

Blackstone Board Approves Pilot Plant and Ta Khoa Refinery DFS

Following compelling outcomes from the Ta Khoa Refinery (TKR) Pre-Feasibility Study (refer ASX announcement 26 July 2021), Blackstone Minerals ("Blackstone" or the "Company") Board of Director's have approved the first phase of pilot plant work and the Definitive Feasibility Study (DFS) for the TKR.

Keep reading... Show less

Elevate Uranium: Carbon Free Energy

Elevate Uranium Limited (ASX:EL8) specializes in identifying, exploring and acquiring highly prospective uranium projects in Australia and Namibia. With a management team having more than 60 years of experience in the uranium sector, the company is the largest tenement holder for uranium in Namibia, which is the fourth-highest uranium-producing country in the world as of 2019.

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):

  • Change in directors interest notice – MR

The announcement can be viewed at:

Keep reading... Show less

SHAREHOLDER ALERT: WeissLaw LLP Investigates Afterpay Limited

WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Afterpay Limited (“Afterpay” or the “Company”) (ASX: APT) in connection with the Company’s proposed acquisition by Square, Inc. (“Square”) (NYSE: SQ) by way of a Scheme of Arrangement. Under the terms of the agreement, Afterpay shareholders will receive 0.375 shares of Square stock for each Afterpay share they own, representing implied per-share merger consideration of approximately $92.72 based upon Square’s July 30, 2021 closing price of $247.26 . Square may elect to pay 1% of total consideration in cash. The transaction is valued at approximately $29 billion .

Keep reading... Show less

Top News

Related News