Musgrave Minerals Progressing Drilling at Lena Deposit

THE CONFERENCE CALLER: Musgrave Minerals (ASX: MGV) is currently busy carrying out reverse circulation (RC) drilling on the Lena deposit at the company’s Cue project in Western Australia’s Murchison district.

The Lena deposit has an existing JORC 2012 resource of 2,682,000 tonnes at 1.77 grams per tonne gold for 153,000 ounces estimated at Lena Main to a maximum vertical depth of 160 metres.

The Lena deposit consists of several gold lodes, with Musgrave considering some to hold high-grade potential at depth.

Interpretation of historical drill data has identified a high-grade southerly plunging shoot on the main lode that remains open at depth below the current JORC resource.

The current drilling program will use a combination of RC (pre-collars) and diamond drilling to better define and infill this high-grade gold shoot below the existing resource.

The aim of the program is to improve the geological confidence in the continuity of the mineralisation by reducing the drill spacing to enable an upgrade of the Lena resource estimate.

Musgrave Minerals managing director Rob Waugh sat down with The Resources Roadhouse at the 2019 Diggers & Dealer Mining Forum in Kalgoorlie to provide an update on how the drilling was progressing.





Emu NL Chases Chilean Success

THE CONFERENCE CALLER: Emu NL (ASX: EMU) secured a three-year extension to its option to purchase the Vidalita concessions in Chile.

These comprise six of Emu’s 51 concessions (granted and applications) and cover 1,580 hectares or approximately 12 per cent total area of 136 square kilometres held by Emu at its Elevado project.

The Vidalita concessions cover the discovery hole the company announced earlier this year and the area that has been the main focus of Emu’s prospecting and exploration effort.

The Elevado project is located within the Maricunga gold belt in the Atacama Region, northern Chile that hosts numerous world-class gold and silver projects.

EMU non-executive director Gavin Rutherford spoke with Wally Graham of The Resources Roadhouse at the 2019 Diggers & Dealers Mining Forum in Kalgoorlie.






Moho Resources Gets on The Go Go Go

THE CONFERENCE CALLER: Moho Resources (ASX: MOH) listed on the Australian Securities Exchange in November 2018 on the back of an IPO that raised $5.3 million.

The company has endeavoured to spend this money on exploration activities on its portfolio of projects in both Western Australia and Queensland, two well-known Australian mining jurisdictions that include three highly prospective projects at Empress Springs, Silver Swan North and Burracoppin.

Moho’s Board is chaired by mining industry identity Terry Streeter, a well-known and highly successful West Australian businessman with extensive experience in funding and overseeing exploration and mining companies, including Jubilee Mines NL, Western Areas NL and Midas Resources Ltd.

Moho has a strong and experienced Board lead by geoscientist Shane Sadleir as managing director, commercial director Ralph Winter and Adrian Larking, lawyer and geologist, as non-executive director.

Ralph Winter sat down with The Resources Roadhouse at the 2019 Diggers & Dealers Mining Forum in Kalgoorlie to discuss how the company’s drilling programs are progressing.






Trigg Mining IPO Hopes to unlock Domestic Potash Market

THE CONFERENCE CALLER: Trigg Mining is currently in the closing stages of an IPO to list on the ASX centred around the company’s two Sulphate of Potash (SOP) projects located near Laverton in the Goldfields of Western Australia.

The projects: Lake Rason and Lake Throssell potash projects cover approximately 2,640 square kilometres of granted tenure and are close to established transport and energy infrastructure and are nearby the Tropicana and Gruyere gold mines.

The projects contain more than 400sqkm of playa lakes and 300 km of interpreted palaeochannels, all prospective for brine hosted SOP mineralisation.

Trigg is looking at creating a local-domestic supply chain of Sulphate of Potash, which Australia currently imports from as far away as Canada and Germany.

The company has stamped a footprint across its two SOP projects in the WA Goldfields with an eye of catering to Australian and International markets.

The Resources Roadhouse sat down with Trigg Mining managing director Keren Paterson at the Diggers & Dealers 2019 Mining Forum in Kalgoorlie.





Share Collective Aims to Take Mystery Out of Resources Investment

THE CONFERENCE CALLER: At the 2019 Gold Coast Investment Showcase, The Roadhouse met Tyson Keen CEO of Share Collective.

A quick squiz of the Share Collective website tells you it provides punters with a, “unique opportunity to view any mining project in the world with transparency”.

“It brings critical data to your fingertips, enabling you to compare and contrast any mining project in the world.

“This catalysis intelligent discussion and understanding for the entire industry.”

We asked Keen to fill us in on what that all means and what Share Collective has to offer to assist investors to part with their money in a more informed way.







Last Look at Resources Companies Presenting at Gold Coast Investment Showcase

THE CONFERENCE CALLER: The 2019 Gold Coast Investment Showcase kicks off next week and The Resources Roadhouse continues its look at companies that will be in attendance.


Venture Minerals (ASX: VMS) has upgraded the Resources at the company’s Riley iron ore project in Tasmania.

Venture Minerals announced the upgrade as part of the ongoing iron ore mining study underway at the Riley project that has updated the JORC Code 2004 maiden resource statement of 2 million tonnes at 57 per cent iron to meet the guidelines of the JORC Code 2012.

The company indicated the upgrade coincides with release of the tender documents to be released this coming week to contractors for the mining, processing and haulage components of the Riley DSO project, from which the resultant prices will be used in the updating of the mining study.

Venture said that as part of the mining study update, the Riley ore reserves will also be upgraded to JORC Code 2012 so that a decision to recommence mining can be made at the earliest opportunity by the Board.

Following a favourable study outcome and a decision to mine, Venture’s goal is to commence iron ore production in Q4 2019.

“The resource upgrade and the imminent release of the tender documents for the three main contracts of the Riley Mine are significant steps towards completing the updated mining study,” Venture Minerals managing director Andrew Radonjic said.

Venture Minerals’ Resource upgrade follows firm commitments under a Share Placement to sophisticated and professional investors.

Venture Minerals is raising just over $1.5 million through the issue of around 78 million Ordinary Shares at an issue price of two cents per share.

The company explained the raised funds will provide certainty that it will be funded to progress the development of the Riley iron ore project in Tasmania should a positive decision to mine be reached by the Board.

“The Placement and the fully underwritten Entitlement Offer secures key funding capacity for Venture to progress the updated feasibility study on the Riley iron ore project during a time of significant strength for global iron ore markets,” Radonjic said.

“The recently executed off-take agreement for the Riley project provides strong market validation that the Riley product will be highly sought after.

“The Fully Underwritten Entitlement Offer provides all shareholders the opportunity to participate in the future of the company as we enter an exciting phase of working towards potentially bringing Australia’s next iron ore mine into development.

“With the iron ore price recently breaking through US$100 a tonne, the outlook for the iron ore sector is positive and the Riley project will benefit from a quick-to-market development status by leveraging circa 90 per cent of the required equipment that was previously purchased in 2014 being still on hand.

“The Board looks forward to completing the updated feasibility study on the Riley iron ore project and updating the market on its outcome in the near term.”

Venture has also invited eligible institutional shareholders to participate in a Fully Underwritten Institutional Entitlement Offer.


Meteoric Resources (ASX: MEI) recently completed the acquisition of the highly prospective Juruena and Novo Astro gold projects in Brazil from Crusader Resources (ASX: CAS).

The Juruena and Novo Astro projects cover an area of approximately 770 square kilometres, comprising 24 tenements, located on the western end of the highly prospective Alta Floresta Belt, which is host to major miners including Anglo American and Vale.

Geologically, the Alta Floresta belt is a Paleoproterozoic, east west trending, continental magmatic arc, estimated to have produced over seven million ounces of gold to date.

The Alta Floresta Belt is arguably the most desirable gold exploration destination in Brazil.

The Juruena project hosts a JORC (2012) Compliant Resource Estimate of 1.3 million tonnes for 261,000 ounces of gold at 6.3 grams per tonne.

“The formal completion of the Acquisition of Juruena and Novo Astro marks the commencement of the next exciting stage of development for Meteoric as we move to commence exploration,” Meteoric Resources managing director Dr Andrew Tunks said.

Tunks advised that he was travelling to site to join Meteoric operations manager Peter Sheehan and the company’s Brazilian team to finalise the initial drilling plan for the Dona Maria and Querosene prospects, the two most advanced targets on Juruena.

“These prospects already contain a combined high-grade JORC 2012 Mineral Resource Estimate of 436,000 tonnes at 14.7 grams per tonne for 205,000 ounces it is our intention to complete further drilling at these bonanza grade prospects,” Tunks continued.

“This is truly an exciting time for the company and its shareholders as we move into gold exploration in what we believe is one of the most prospective regions in the world, the Alta Floresta Belt in Brazil, which is home to majors including Anglo American and Vale.

“Since the announcement of the Acquisition back in April, the Meteoric team – myself included – have been itching to get on the ground and start exploration and I am simply thrilled that we are now mobilising.”


Companies of Interest Presenting at Gold Coast Investment Showcase

THE CONFERENCE CALLER: The 2019 Gold Coast Investment Showcase is just two weeks away and The Resources Roadhouse continues its look at companies that will be in attendance.


Pioneer Resources (ASX: PIO) informed the market of TSX-listed Novo Resources Corp.’s intention to enter into a US$30 million farm-in and Joint Venture agreement with Sumitomo Corporation of Tokyo, Japan, and its wholly-owned Australian subsidiary.

The aim of the JV is to advance Novo’s Egina project located approximately 80 kilometres south-southwest of Port Hedland in Western Australia.

The Egina project includes Pioneer Resource’s Kangan gold project, where Novo is currently earning an interest under a binding memorandum of agreement that has now been replaced with a new agreement on essentially the same terms that allows Sumitomo to become a party to it.

Pioneer retains a 30 per cent free-carried interest in the Kangan project up to a decision to mine, after which it becomes a contributing JV partner.

Pioneer explained that Sumitomo, via an Australian subsidiary, has agreed to join Novo in spending $460,000 within the next 18 months to earn a joint 70 per cent interest in the Kangan gold project.

Upon Novo and Sumitomo earning their combined 70 per cent interest, Pioneer is free carried up to a decision to mine and thereafter contributes in proportion to its JV interest.

The Kangan gold project, currently held 100 per cent by Pioneer, forms a key part of Novo’s Pilbara exploration portfolio and sits within that company’s Egina project, which lies in the heart of the Pilbara conglomerate gold province.

“The addition of Sumitomo to the Kangan farmin/JV adds significant financial and technical power to support Novo’s efforts at the Kangan JV project, and we look forward to receiving results as exploration programs at Egina and Kangan advance,” Pioneer Resources managing director David Crook said.

The gold deal comes as Pioneer maintains its caesium-focus with drilling underway at the company’s Sinclair lithium-caesium-tantalum (LCT) Pegmatite at its 100 per cent-held Pioneer Dome project near Norseman in Western Australia.

The drilling coincides with the company’s plans for a third shipment of pollucite scheduled for the third week of June 2019.

The RC drilling, comprising 2,000m, has been designed to discover extensions to the core zone of the Sinclair Pegmatite, which contains the complex array of alkali metal minerals including pollucite, potash feldspar, petalite, lepidolite and cleavelandite.

Drilling will test a zone approximately 150m long both to the north and south of the pit.

A further 500m of diamond core drilling will commence as the RC drilling phase nears completion, targeting pollucite mineralisation extensions and caesium anomalies that occur to the north of the Sinclair Pit.


Matsa Resources (ASX: MAT) recently announced the execution of an Ore Purchase Agreement with AngloGold Ashanti Australia (AGAA) for the purchase of ore from the company’s Red October mine.

Matsa Resources informed the market that ore from Red October is to be treated at the AGAA-owned Sunrise Dam gold mine, for up to five years.

The 3.8 million tonne per annum mill at the Sunrise Dam gold mine is located approximately 60 kiloetres from the Red October gold mine and provides Matsa with access to a nearby milling solution for its Stage 1 production ore and for a further 4.5 years thereafter.

Matsa has previously delivered ore from its Fortitude and Red Dog gold mines to Sunrise Dam and is confident in the outcomes of the ore processed there.

Matsa will be responsible for mining and transporting the ore to Sunrise Dam with AGAA taking possession of ore once delivered.

The company said the agreement will allow Matsa to continue to progress mining at the Red October gold mine at a relatively low capital cost.

“The execution of the Agreement with AngloGold Ashanti continues our strong relationship and builds on the MoU both parties entered into in mid-2018,” Matsa Resources executive chairman Paul Poli said.

“Previous mining campaigns at Fortitude and Red Dog have been successfully processed at Sunrise Dam with minimal fuss and we expect this to be no different.

“The fact that AngloGold are prepared to potentially accept all ore from Red October for up to five years is testament to this as Matsa looks to develop a longer term mine plan in the future.”


Graphite-focused Renascor Resources (ASX: RNU) has been bust at the company’s 100 per cent-owned Siviour graphite project, located in South Australia’s Eyre Peninsula.

Renascor Resources received a Letter of Interest (LoI) for export credit agency (ECA) cover from Atradius Dutch State Business, the Government of the Netherlands’ official ECA

The LoI came after a preliminary assessment of the Siviour graphite project by Atradius on behalf of the Dutch State, confirming in principle project finance support under the Dutch export credit guarantee scheme.

Atradius is the official ECA that administers the ECA scheme for the Government of the Netherlands.

In order to promote Dutch exports, Atradius offers insurance and guarantee products for projects involving the export of capital goods from the Netherlands.

ECA Cover from Atradius is often used to assist Dutch exporters in winning export transactions and increasing the capacity to raise finance from banks for projects involving Dutch exports.

The Dutch ECA scheme was identified as applicable to Renascor’s Siviour project based on the sourcing of Dutch content through Renascor’s Dutch strategic engineering partner, Royal IHC.

Renascor has estimated that up to approximately 60 per cent of project capital expenditure is expected to qualify under the Atradius ECA Cover.

Renascore also had a Mineral Lease for the Siviour graphite project granted by the South Australian Minister for Energy and Mining.

The grant came on the back of three-years of preparation and review of all potential environmental, social, economic and technical aspects of the project.

A positive Pre-Feasibility Study confirmed the opportunity to unlock further value from Siviour through Australia’s first integrated graphite concentrate and spherical graphite operation.

Renascor believes the project economics of the Spherical PFS highlight Siviour’s potential to achieve high economic returns through the vertically integrated development of a mine and flake graphite concentrate operation, plus downstream production of spherical graphite.

The company also upgraded the JORC Mineral Resource estimate for the Siviour project after completion of an infill drill program, which was conducted to improve the confidence in the Siviour Indicated Resource

This resulted in a Measured Resource estimate of 15.8 million tonnes at 8.8 per cent total graphitic carbon (TGC) for approximately 1.4 million tonnes of contained graphite.

The total (Measured, Indicated and Inferred) Siviour Mineral Resource estimate now consists of 87.4 million tonnes at 7.5 per cent TGC for 6.6 million tonnes of contained resource (with 64 per cent classified as Measured or Indicated).


Healthy Mix of Resources and Oil & Gas Companies Travelling to Gold Coast Investment Showcase

THE CONFERENCE CALLER: With the 2019 Gold Coast Investment Showcase closing fast, The Resources Roadhouse continues its look at companies that will be in attendance.

Altech Chemicals (ASX: ATC) has Stage 1 construction at the company’s high purity alumina (HPA) project site in Johor, Malaysia, progressing well.

The company has completed advanced design and engineering that has allowed permits and approvals to be issued.

The site development order was approved allowing site works to commence and activities at site have transitioned from the establishment phase well into the construction phase.

Initial site establishment activities are completed, with the site fully fenced and secured.

Other work has included the completion of a site construction office, a security post, a vehicle wash down bay with sediment control, a site weather monitoring station, and temporary ablutions have been installed.

As far as actual mining goes, removal of topsoil from the site, bulk earthworks and site levelling has been undertaken with soil compaction in most areas close to being finalised.

A foundation piling rig established the foundation piling for the workshop building and the concrete footings for this building are also nearing completion.

The first steel was recently raised in plant construction anger, representing the culmination of the above-mentioned series of achievements at the project over the last six months.

Winchester Energy (ASX: WEL) is set to spud a step-out well in July at the company’s Mustang prospect, located in the Permian Basin of Texas, USA.

Winchester Energy explained the step-out well is to spud 420 metres from the previous Mustang Prospect well White Hat 20#3, which returned initial production (IP) of 306 barrels of oil per day (bopd) and continues to produce consistently.

The new well, White Hat 20#4, is a development well on the newly discovered Mustang Oil Field and is designed as a low risk well which, if successful, will further increase Winchester’s net oil production.

Winchester is planning a drilling program to develop the central lobe of the Mustang prospect that will include approximately 15 well locations.

The Mustang prospect has a Prospective Resource target best estimate P50 of 1.43 million bbls recoverable and a high estimate P10 of 3.76 million bbls recoverable from the Strawn Sand.

“The impending spud of White Hat 20#4 builds on the success of the White Hat 20#3 which returned exceptional flow rates of 306 barrels of oil per day,” Winchester Energy managing director Neville Henry said in the company’s announcement to the Australian Securities Exchange.

“White Hat 20#4 represents a low risk opportunity to further increase oil production and also increased confidence in the newly discovered Mustang Oil Field.

“We hope to extend the play further to the north and south and expect a series of large basin-floor sand lobes to occur within the Mustang area.

“The company intends to execute its Mustang development plan which focusses on relatively low risk locations initially stepping out from White Hat 20#3.

“This should see Winchester steadily expand its oil production and cash flow and with the El Dorado and Spitfire prospects representing yet more genuine upside for the company.”

King Island Scheelite (ASX: KIS) released results of an updated Feasibility Study and Revised Mineral Reserve Estimate for the redevelopment of the company’s 100 per cent-owned Dolphin tungsten project in King Island, Tasmania.

The probable reserves, in accordance with JORC 2012 code, have estimated to be 3 million tonnes at 0.73 per cent tungsten oxide WO3 (Cut‐off 0.2%).

King Island Scheelite reported the study outlined the Dolphin Open‐cut project is planned to mine and process approximately 400,000 tonnes per annum of ore for eight years to produce approximately 3,500 tonnes of tungsten concentrate per year.

This concentrate will be sold into a market the company expects to be of growing demand and constrained supply.

The Dolphin processing plant has been substantially modified since a Reserve Estimation carried out in 2015.

Processing will now be conducted through, primarily, a gravity circuit followed by a small flotation circuit to which some of the gravity tails will report.

The company has carried out further site infrastructure engineering works, resulting in capital and operating cost savings from the previous estimation.

King Island indicated its relatively advanced engineering studies and proposed methodology based on a modular design, has allowed its engineering consultants to determine that detailed design, procurement, construction and commissioning could be achieved within a fifteen‐month period after financial close.

The company is confident that once financial close has been reached, commissioning of the mine and processing plant can be achieved within the stated fifteen month period, meaning that should financial close can be achieved in the second half of 2019 then first shipment of product could be achieved in the first quarter of 2021.

“Having recently secured the first of a number of multi‐year offtake agreements, together with the flexibility in the operating site and supportive local community, we now look forward to achieving frequent operational milestones as we proceed to tungsten production, anticipated in 2021,” King Island Scheelite chairman Johann Jacobs said in the company’s announcement to the Australian Securities Exchange.

“The King Island Scheelite team has actively progressed and de‐risked the 100 per cent-owned Dolphin tungsten project, both technically and commercially.

“As part of this process, we commissioned independent consultants to provide inputs into a financial model to prepare scenario analysis to assist in interpreting the net present value ranges, potential returns and expected payback period, associated with the Dolphin open‐cut project.

“The impressive indicative economics reiterate that we have chosen to develop the right project with the right commodity in the right place and time.”



AMEC 2019 Convention

THE CONFERENCE CALLER: The Roadhouse attended the 2019 AMEC Convention this week and caught up with the latest goings on for some of our regulars.

Obviously this is a new innovation we are learning to use, so try not to stand too close to the screen when checking out the pics.

Fortunately it is all about listening so sit back and relax and hear what these MDs have to say.


BRUCE MALUISH managing director VRX Silica (ASX: VRX)


MIKE YOUNG managing director Vimy Resources (ASX: VMY)


SEAN GREGORY managing director Barra Resources (ASX: BAR)


PATRICK MUNTZ managing director Image Resources (ASX: IMA)


Strong Resources Line-up Awaits Gold Coast Investment Showcase Attendees

THE CONFERENCE CALLER: It’s only a few weeks until we pack our bags and shine our white shoes to head off to the land of sunshine to attend the 2019 Gold Coast Investment Showcase.

In the lead up to the event The Resources Roadhouse will take a weekly look at a few of the resource industry-focused companies that will be in attendance.


BMG Resources (ASX: BMG) announced it has formally commenced the Chilean lithium brine Joint Venture with Lithium Chile SpA (LCS) following execution of full formal documentation.

BMG entered a binding agreement with project owner LCS in 2018 to form a JV to progress and develop three Lithium brine projects.

The company executed a revised binding term sheet in February 2019 after undertaking due diligence investigations, an initial geophysical survey at Salar West, and expanding the project area that now spans over 20,000 hectares across three claims in the Salar de Atacama, Salar de Pajonales and Salar de Tuyajto – Natalie in the Chilean region of the ‘Lithium Triangle’ – a region of the Andes encompassing parts of Northern Chile, southwest Bolivia and northwest Argentina.

This is lithium brine heartland, hosting more than 50 per cent of the world’s lithium resources and the largest and highest-grade lithium brine deposits in the world.

BMG is now gearing up for its maiden drill program, which is expected to comprise two diamond holes of around 200 metres each in key conductive units in the Southern area (4,200 Ha) of Salar West the company identified in recent geophysical surveys.

“We are excited to have formalised our joint venture agreement with Lithium Chile SpA, and are now finishing preparations for our first drilling program at Salar West, which we expect to commence within the next month,” BMG Resources managing director Bruce McCracken said.

“Surveys we completed during due diligence identified a consistent strongly conductive unit on the southern properties, so we look forward to drilling this area with the support of our JV partners to gain a closer understanding of the scope of potential lithium resources.”

BMG is set to invest US$3.5 million over three years to earn a 50 per cent interest in the projects.


FYI Resources (ASX: FYI) received results from a recently completed drilling program undertaken at the company’s 100 per cent-owned Cadoux kaolin project (EL/4673) in Western Australia.

FYI Resources said the results came from a combination of diamond (DDH) and reverse circulation (RC) drilling and have confirmed the presence of high-grade, high-quality high purity alumina (HPA) feedstock characteristics.

The company indicated the drilling data and results will assist in progressing the current bankable feasibility study (BFS) and project permitting.

FYI said the combined RC and diamond drilling program was carried out at the Cadoux kaolin project to meet several key technical project objectives and contribute to delivery of a robust BFS for the company’s integrated HPA strategy.

As FYI progresses the BFS and commences pilot plant project studies, undertaking the detailed drilling campaign provides the company with an increased understanding of the project’s metallurgical model in terms of grade and variation of the deposit as a feedstock.

The drilling should also increase FYI’s technical understanding and confidence in the deposit for an upgrade from a Measured to a Proven Reserve for the first phase of mining as well as grade control data for the first phase of mining, increasing the predictability of the future production schedule.

“The program and subsequent results of the latest round of drilling are particularly pleasing as it confirms our view that the quality of the Cadoux kaolin has excellent feedstock characteristics for HPA processing and it also provides us with specific detailed information to finalise our environmental permitting and mining study phases in preparation for mine plan application – well ahead of normal submission timeframes,” FYI Resources managing director Roland Hill said.


Blackstone Minerals (ASX: BSX) struck a binding term sheet for the exclusive option to acquire a 90 per cent interest in the Ta Khoa nickel project.

The Ta Khoa nickel project is located 160 kilometres west of Hanoi in the Son La Province of Vietnam and includes an existing modern nickel mine built to Australian Standards that is currently under care and maintenance.

The Ban Phuc nickel mine operated as a mechanised underground nickel mine from 2013 to 2016 and its previous owners invested more than US$136 million in capital and generated US$213 million in revenue during a 3.5-year period of falling nickel prices.

The project was placed into care and maintenance in mid-2016 during some of the lowest nickel prices in the past 10 years.

Existing infrastructure associated with the project includes an internationally designed 450,000 tonne per annum processing plant connected to local hydro grid power with a fully permitted tailings facility and a modern 250- person camp.

Blackstone Minerals also has its eyes on the potential the project offers with the 150 square kilometre land package hosting more than 25 advanced stage massive sulphide vein (MSV) targets and many large disseminated sulphide (DSS) targets including the unmined Ban Phuc DSS.

Blackstone also signal its interest in investigating the potential to develop downstream processing infrastructure in Vietnam to produce a downstream nickel and cobalt product to supply Asia’s growing lithium ion battery industry.

“This is an exciting opportunity for Blackstone to acquire a 90 per cent interest in a project that has a history of profitable nickel production even during low nickel prices,” Blackstone Mineral managing director Scott Williamson said.

“Blackstone will be the first company to explore Ta Khoa for both MSV and DSS nickel sulphide deposits all the while investigating downstream processing opportunities to meet the demands of the growing Asian lithium ion battery sector.”