ASX:BSX

Ta Khoa Mineral Resource Update

Blackstone Minerals Limited (“Blackstone” or the “Company”) is pleased to present a Mineral Resource update for its 90% owned Ta Khoa Nickel Project (TKNP) in northern Vietnam (refer Figure 2). The global Ta Khoa resource estimate is comprised of the Ban Phuc and Ban Khoa DSS deposits (refer to Figure 3 and Table 1); and the Ban Chang and King Snake MSV (refer Figure 3 and Table 1).

Blackstone Minerals has conducted significant exploration and development programs since acquiring the TKNP in late 2019. Programs include extensive geochemical, geophysical, drilling, mapping, analytical testing, resource evaluations, petrographic and mineralogical analysis at the main development projects and a series of greenfield exploration prospects.

Blackstone’s TKNP and Ta Khoa Refinery (TKR) form two major cogs in Blackstone’s vertically integrated development strategy to produce Nickel-Cobalt-Manganese (NCM) 811 precursor for the growing lithium-ion battery industry. The strategy is underpinned by Blackstone’s ability to secure nickel concentrate and Ta Khoa is emerging as a nickel sulfide district of enviable scale with several exploration targets yet to be tested. The updated TKNP Mineral Resource presented in this report demonstrates a clear means of secure nickel concentrate supply.

In July 2021 the Company completed a technically and economically robust PFS for the TKR. The PFS was based on treating 400ktpa of nickel concentrate, supplied from the TKNP as well as third party concentrate. Blackstone plans to provide at least half of the TKR feed concentrate from TKNP, with mill feed sourced from Ban Phuc, Ban Chang, King Snake and potentially other targets as drilling continues.

Highlights from the TKNP Mineral Resource update include:

  • Update of the Ban Phuc Mineral Resource:
    • 123Mt at 0.37% Ni for 452kt of Nickel (or 0.43% NiEQ for 523kt NiEQ) - Increased from 58.7Mt at 0.48% Ni for 280kt of Nickel (June 2020)
    • 102Mt at 0.38% Ni (0.44% NiEQ) is in the Indicated category and 21Mt at 0.33% Ni (0.37% NiEQ) is in the Inferred category
      • The Ban Phuc Mineral Resource is reported using a 0.25% Ni cut-off grade for the sulfide component and 0.3% Ni cut-off grade for the oxide and transitional component (previously 0.30% Ni universally)
      • Updated Resource expected to underpin higher throughputs, with a large 8 Mtpa concentrator now being adopted as the base case in the Company’s upcoming TKNP PFS
      • Shape and width of mineralised domains and the continuity of mineralisation are driving low strip ratios for the final Ban Phuc PFS pit design

Click here for the full ASX release


This article includes content from Blackstone Minerals, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

BSX:AU
Blackstone Minerals

Blackstone Minerals Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
Blackstone Minerals

Blackstone Minerals


Keep reading...Show less
Diagonal rows of nickel rolls.

Top 3 ASX Nickel Stocks of 2024

With its diverse applications in both technology and industry, nickel is a metal that will never go out of style.

Nickel is commonly used in alloys to create stainless steel, but more recently has found a modern use: batteries. As the electric vehicle trend gains steam, the base metal is in high demand for its role in lithium-ion batteries.

Nickel has encountered much volatility in the past few years. Prices spiked abruptly to a record US$100,000 per tonne in March 2022, prompting the suspension of trading on the London Metal Exchange.

Keep reading...Show less
Blackstone Minerals

Funds Received from Partial Sale of Codrus Shares

Blackstone Minerals Limited (ASX: BSX) (“Blackstone” or the “Company”) is pleased to announce that it has received A$0.9 million from the sale of 25 million Codrus Minerals Limited (ASX: CDR) (“Codrus”) shares through broker facilitated off market transfers.

Keep reading...Show less
Price chart with "nickel" overlay.

Nickel Price Update: Q1 2024 in Review

At the start of the year, experts were predicting that nickel prices would be rangebound in 2024.

With the first quarter in the books, that story seems to largely be playing out. After opening the year at US$16,600 per metric ton (MT) on January 2, nickel was stable during January and February. However, March brought volatility to the sector, with strong gains pushing the base metal to a quarterly high of US$18,165 on March 13.

Nickel's price rise failed to hold, and it once again dropped below the US$17,000 mark by the end of the month. Ultimately, the metal fell to US$16,565 on March 28, resulting in a slight loss for the quarter.

Keep reading...Show less
Ramp Metals CEO Jordan Black.

Ramp Metals CEO Shares 2024 Drill Plans for Rottenstone Project in Saskatchewan

Ramp Metals (TSXV:RAMP) CEO Jordan Black discussed the company's veteran team of geologists and advisors, and its plans for drilling at its Rottenstone SW nickel-copper-platinum project in Northern Saskatchewan, Canada, to better understand the property’s subsurface geology.

The project's Rottenstone Eye structure is believed to be a major feeder chamber with conductive targets showing striking similarities to the geophysical response of the Nova-Bollinger deposit in Western Australia, which was discovered by geologist Dr. Mark Bennett and his team and later sold for AU$1.8 billion.

After Ramp discovered the similarities between the Rottenstone Eye and the Nova Eye structure at Nova-Bollinger, the company contacted Bennett to get his thoughts about its project. Bennett joined the team as a strategic advisor.

Keep reading...Show less
Pivotal Metals

MT Survey Outlines Large Undrilled Conductive Anomalies and an Extensive Host Horizon at BAGB

Pivotal Metals Limited (ASX:PVT) (‘Pivotal’ or the ‘Company’) is pleased to provide results and interpretation from the magnetotelluric (“MT”) survey conducted across the Alotta and Midrim areas of its 100% owned Belleterre Angliers Greenstone Belt “BAGB” projects in Quebec, Canada.

Keep reading...Show less
Blackstone Minerals

Blackstone Minerals Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

×