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Blackstone Minerals Intersects Massive Sulphide Nickel at King Cobra

THE DRILL SERGEANT: Blackstone Minerals (ASX: BSX) announced further Massive Sulfide Vein (MSV) mineralisation at the company’s King Cobra discovery at the company’s Ta Khoa nickel-PGE project in Vietnam.

Blackstone Minerals reported an intersection of 0.55 metres of MSV mineralisation within a 2.5m wide tremolite-rich dyke within a broader 58m down hole intersection of disseminated nickel sulphide mineralisation at King Cobra.

The latest results continue Blackstone’s drilling success at King Cobra of delivering shallow intersections of high-grade disseminated nickel sulphide (DSS) mineralisation including:

39 metres at 1.1 per cent nickel and 28m at 1.2 per cent nickel from near surface.

The King Cobra discovery remains open down dip and along strike to the north-west and south-east and has been traced with drilling over 200m of strike length.

“Blackstone is pleased to announce drilling at the King Cobra discovery has intersected massive sulfide nickel within the broader disseminated nickel sulphide mineralisation,” Blackstone Minerals managing director Scott Williamson said in the company’s announcement to the Australian Securities Exchange.

“This is the most significant intersection of MSV within the Ban Phuc deposit outside of the known (and previously mined) Ban Phuc MSV.

“The King Cobra discovery is looking increasingly likely to significantly improve the economics of a restart of the Ta Khoa nickel-PGE project.”

Besides advancing drilling of the Ban Phuc DSS deposit and King Cobra discovery zone of the Ta Khoa nickel-PGE project, Blackstone is also well advanced with an initial scoping study evaluating mining and processing options, including potential in-country downstream processing to deliver nickel sulphate into Asia’s rapidly expanding electric vehicle (EV) industry.

The company recently struck a Memorandum of Understanding with Korea’s largest and the world’s second largest, EV battery cathode manufacturer, Ecopro BM Co Limited.

Blackstone is evaluating near mine MSV and other potential DSS targets for drill testing during the 2020 season, as it determines to identify high-grade and further disseminated mineralisation for either an early restart of the Ban Phuc mining operation, or the potential to blend higher grade MSV mineralisation with the larger tonnage DSS mineralisation for processing.

 

Email: admin@blackstoneminerals.com.au

Web: www.blackstoneminerals.com.au

 

Blackstone Minerals (ASX: BSX) Explorers 2020

THE CONFERENCE CALLER: Blackstone Minerals took a lot of market pundits by surprise when it announced it was entering 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 was 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 had 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 signalled 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.

“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,” Blackstone Mineral managing director Scott Williamson said.

Blackstone wasted little time in getting the drills spinning on site at Ta Khoa and produced a steady stream of intersections of disseminated nickel sulphide.

The project also demonstrated potential for substantial platinum group element (PGE) credits with Blackstone becoming the first company to assay the Ban Phuc DSS for PGEs, which resulted in the recent uncovering of what the company considers as a previously unrecognised opportunity.

Previous operators focused on the Ban Phuc MSV, which has relatively low PGE grades, and hence did not consider or investigate the full potential of the PGEs throughout the Ta Khoa project.

Blackstone’s maiden PGE assays combined with the abundance of disseminated nickel sulphide targets, leading the company to think PGEs associated with disseminated nickel sulphide mineralisation could greatly improve the economics of the Ta Khoa nickel project.

Blackstone ended 2019 on a high by entering a memorandum of understanding (MoU) with Korea’s largest electric vehicle (EV) battery cathode manufacturer.

Blackstone inked a non-binding MoU with Ecopro BM Co Limited that outlines an alliance structure whereby Ecopro BM and Blackstone will work in partnership to develop a downstream processing facility in association with the company’s Ta Khoa nickel project in northern Vietnam.

The MoU is a boon for both entities in that Blackstone wishes to engage a development partner to provide funding to commercialise the Ta Khoa nickel project, while Ecopro BM has indicated its willingness to enter into an alliance with Blackstone with a view to formalising a Joint Venture on the downstream processing infrastructure project in association with the project.

The intention of the MOU is for the parties to enter into an alliance to form a JV with the intention to develop a suitable nickel, cobalt or other battery mineral product for lithium-ion battery manufacturing.

“Our Ta Khoa nickel project has significant potential to deliver the critical raw materials required for Ecopro’s cathode manufacturing process and meet the ever-increasing demand for high-nickel content cathodes driven by the imminent electric vehicle (EV) revolution,” Williamson said.

Blackstone is very keen to deliver a maiden resource on the disseminated sulphide (DSS) at Ban Phuc as it investigates the potential to restart the existing Ban Phuc concentrator through focused exploration on both massive sulphide veins (MSV) and DSS deposits.

The company commenced a scoping study on the downstream processing facility at Ta Khoa, the purpose of which is to provide detail for potential JV partners to formalise a binding agreement.
Blackstone also commenced metallurgical testing on the Ban Phuc DSS orebody with an aim to develop a flow sheet for a product suitable for the lithium ion battery industry.

In addition, Blackstone intends to investigate 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.

 

Email: admin@blackstoneminerals.com.au
Web: www.blackstoneminerals.com.au
Directors: Hamish Halliday, Scott Williamson, Andrew Radonjic, Steve Parsons

THE DAILY ROADHOUSE

 

Blackstone Minerals Hits Big Numbers at King Cobra Discovery

THE DRILL SERGEANT: Blackstone Minerals (ASX: BSX) announced impressive drilling intersections from the King Cobra discovery at the company’s Ta Khoa nickel project in Northern Vietnam.

Red 5 Continues to Advance King of the Hill Final Feasibility Study

THE DRILL SERGEANT: Red 5 Limited (ASX: RED) reported continued progress with the Final Feasibility Study (FFS) for the proposed stand-alone integrated bulk open pit and underground mining and processing operation at the company’s King of the Hills (KOTH) gold project in Western Australia.

PolarX Identifies Mineralised Alaskan Strike Potential

THE DRILL SERGEANT: PolarX Limited (ASX: PXX) has identified potential for approx. 600 metres of mineralised strike length at the Zackly East Skarn within the company’s Alaska Range project.

Alloy Resources Reports on RTX JV Activity

THE DRILL SERGEANT: Alloy Resources (ASX: AYR) reported on recent progress at the company’s farm-in agreement with Rio Tinto Exploration Pty Limited (RTX), under which RTX is earning an initial 70 per cent interest in E45/4807 in the Paterson Province of Western Australia.

 

Blackstone Minerals Hits Big Numbers at King Cobra Discovery

THE DRILL SERGEANT: Blackstone Minerals (ASX: BSX) announced impressive drilling intersections from the King Cobra discovery at the company’s Ta Khoa nickel project in Northern Vietnam.

Blackstone Minerals’ King Cobra discovery is a new, near surface, high-grade zone of nickel sulphide bearing semi-massive sulphide veins (SMSV) at the Ta Khoa project.

The King Cobra discovery includes the first-ever intersection of massive sulphide vein and breccia styles of sulphide mineralisation within the Ban Phuc intrusion and may provide vectors towards the high grade ‘feeder zone’ mineralisation.

Blackstone’s latest drilling at the King Cobra discovery has intersected:

BP19-29
60 metres at 1.3 per cent nickel from 32m, including 13.9m at 2.25 per cent nickel from 49m from the King Cobra Zone, and 142m at 0.41 per cent nickel, including 11.9m at 1.09 per cent nickel from the underlying previously unnamed Ban Duoi Zone (BDZ).

Blackstone declared this to be, “the most significant downhole intersections seen to date at the Ta Khoa nickel project”.

The result has led the company to interpret its earlier intersection of…

BP19-03
45m at 1.2 per cent nickel from 56m

…as an earlier intersection of King Cobra mineralisation.

Blackstone said its drilling efforts have now intersected the King Cobra (KCZ) discovery zone over 200 metres 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.

Blackstone will continue 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 potential expansions to the known Ban Phuc DSS orebody and the down dip feeder zone target at the King Cobra target zone.

“Blackstone is pleased to announce the King Cobra discovery hole as our most significant drillhole to date at the Ta Khoa nickel project,” Blackstone Mineral managing director Scott Williamson said in the company’s announcement to the Australian Securities Exchange.

“The King Cobra discovery continues to grow, as does our understanding of the geology of the Ban Phuc deposit.

“The King Cobra discovery is shaping up to be a high grade, near surface, large scale disseminated nickel-PGE zone that has potential to deliver a highly economic starter pit at Ta Khoa.”

 

Email: admin@blackstoneminerals.com.au

Web: www.blackstoneminerals.com.au

 

THE DAILY ROADHOUSE

 

Blackstone Minerals signs MoU with Korea’s Largest EV Battery Cathode Producer

THE BOURSE WHISPERER: Blackstone Minerals (ASX: BSX) has entered a memorandum of understanding (MoU) with Korea’s largest electric vehicle (EV) battery cathode manufacturer.

NTM Gold Hits High-Grade Gold at Hub Prospect

THE DRILL SERGEANT: NTM Gold (ASX: NTM) has recently completed a round of RC drilling at the Hub prospect at the company’s 100 per cent-owned Redcliffe gold project located near Leonora in Western Australia.

Trigg Mining Doubles Lake Throssell Project

THE DRILL SERGEANT: Trigg Mining (ASX: TMG) has wasted little time since listing to complete three in-field exploration milestones at the company’s two Sulphate of Potash (SOP) projects near Laverton in Western Australia.

Red 5 Signs Option Agreement to Purchase Cables and Mission Gold Deposits

THE BOURSE WHISPERER: Red 5 Limited (ASX: RED), via its wholly-owned subsidiary, Darlot Mining Company (DMC), has entered into an Option and Sub-lease Agreement for the right to acquire a sub-lease over the 13 blocks of Exploration Licence E37/1220 in Western Australia.

 

Blackstone Minerals signs MoU with Korea’s Largest EV Battery Cathode Producer

THE BOURSE WHISPERER: Blackstone Minerals (ASX: BSX) has entered a memorandum of understanding (MoU) with Korea’s largest electric vehicle (EV) battery cathode manufacturer.

Blackstone has inked a non-binding MoU with Ecopro BM Co Limited that outlines an alliance structure whereby Ecopro BM and Blackstone will work in partnership to develop a downstream processing facility in association with the company’s Ta Khoa nickel project in northern Vietnam.

The MoU is a boon for both entities in that Blackstone wishes to engage a development partner to provide funding to commercialise the Ta Khoa nickel project, while Ecopro BM has indicated its willingness to enter into an alliance with Blackstone with a view to formalising a Joint Venture on the downstream processing infrastructure project in association with the project.

The intention of the MOU is for the parties to enter into an alliance to form a Joint Venture with the intention to develop a suitable nickel, cobalt or other battery mineral product for lithium-ion battery manufacturing.

“We are pleased to announce an MoU with Korea’s largest cathode manufacturer,” Blackstone Minerals managing director Scott Williamson saidn in the company’s announcement to the Australian Securities Exchange.

“Our Ta Khoa nickel project has significant potential to deliver the critical raw materials required for Ecopro’s cathode manufacturing process and meet the ever-increasing demand for high-nickel content cathodes driven by the imminent electric vehicle (EV) revolution.

“We look forward to finalising a formal agreement with Ecopro over the coming months.

“In the meantime, we continue the exploration and development of our flagship Ta Khoa nickel project in northern Vietnam.”

Blackstone is keen to deliver a maiden resource on the disseminated sulphide (DSS) at Ban Phuc over the coming months as it investigates the potential to restart the existing Ban Phuc concentrator through focused exploration on both massive sulphide veins (MSV) and DSS deposits.

The company has commenced a scoping study on the downstream processing facility at Ta Khoa, the purpose of which is to provide detail for potential JV partners to formalise a binding agreement.

Blackstone has commenced metallurgical testing on the Ban Phuc DSS orebody with an aim to develop a flow sheet for a product suitable for the lithium ion battery industry.

In addition, Blackstone intends to investigate 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.

The Ta Khoa nickel project in Vietnam includes an existing modern nickel mine which has been under care and maintenance since 2016 due to falling nickel prices.

Existing infrastructure includes an internationally designed 450,000 tonnes per annum processing plant.

 

Email: admin@blackstoneminerals.com.au

 

Web: www.blackstoneminerals.com.au

 

THE DAILY ROADHOUSE

Encounter Resources and Newcrest Drilling at Tanami JV

THE DRILL SERGEANT: Encounter Resources (ASX: ENR) announced the completion of the first phase of RC drilling at Hutch’s Find in the Tanami region of Western Australia that is held in Joint Venture with Newcrest Mining (ASX: NCM).

Red 5 Scores Big Hits Assaying Historical KOTH Core

THE DRILL SERGEANT: Red 5 Limited (ASX: RED) is continuing to produce encouraging results from ongoing assaying of historical diamond drill core from the King of the Hills (KOTH) gold mine, located in the Eastern Goldfields region of Western Australia.

Southern Gold to Commence Drilling at Bonanza Zone

THE DRILL SERGEANT: Southern Gold (ASX: SAU) is set to commence a diamond drilling program on the Bonanza Zone, within the company’s 100 per cent-owned Deokon project in South Korea, having secured land access and regulatory approvals.

St George Mining Encounters More Step-Out Results at Mt Alexander

THE DRILL SERGEANT: St George Mining (ASX: SGQ) released more results from ongoing exploration programs underway at the company’s Mt Alexander project in the north-eastern Goldfields of Western Australia.

 

Blackstone Minerals Hits More Nickel Sulphide Intersections at Ta Khoa

THE DRILL SERGEANT: Blackstone Minerals (ASX: BSX) enjoyed a good start to the 2019 Brisbane Resources Roundup by reporting on the second round of results from maiden drilling at the company’s Ta Khoa nickel project in Northern Vietnam.

The Resources Roadhouse caught up with Blackstone Minerals managing director Scott Williamson at the 2019 Brisbane Resources Round-up.

Blackstone Minerals said the second round of results from diamond drilling at the Ta Khoa project delivered further substantial intersections of disseminated nickel sulphide as well as noteworthy PGEs.
The maiden drilling results from the latest six drill holes in the program include:

BP19-04
16.6 metres at 0.34 per cent nickel, 0.04 per cent copper, 0.01 per cent cobalt and 0.07 grams per tonne PGE from 104.4m;

BP19-05
15.8m at 0.57 per cent nickel, 0.07 per cent copper, 0.01 per cent cobalt and 0.26g/t PGE from 118.2m;

BP19-06
27.7m at 0.88 per cent nickel, 0.09 per cent copper, 0.01 per cent cobalt and 0.74g/t PGE from 101m;

BP19-08
29.4m at 1.00 per cent nickel, 0.12 per cent copper, 0.02 per cent cobalt and 0.6g/t PGE from 140.6m;

BP19-09
11.9m at 1.46 per cent nickel, 0.15 per cent copper, 0.02 per cent cobalt and 1.09g/t PGE from 107m; and

BP19-10
33.3m at 0.80 per cent nickel, 0.09 per cent copper, 0.01 per cent cobalt and 0.37g/t PGE from 136.9m.

“Drilling at Ta Khoa continues to deliver significant intersections of disseminated nickel sulphide and, with the recently identified potential for substantial platinum group element (PGE) credits, the Ban Phuc DSS is shaping up to be a globally significant nickel sulfide system,” Blackstone Mineral managing director Scott Williamson said in the company’s announcement to the Australian Securities Exchange.

Blackstone is the first company to assay the Ban Phuc DSS for PGEs that has resulted in the recent uncovering of what it considers as a previously unrecognised opportunity.

Previous operators focused on the Ban Phuc MSV, which has relatively low PGE grades, and hence did not consider or investigate the full potential of the PGEs throughout the Ta Khoa project.

Blackstone feels its maiden PGE assays combined with the abundance of disseminated nickel sulphide targets suggest PGEs associated with disseminated nickel sulphide mineralisation could greatly improve the economics of the Ta Khoa nickel project.

 

Email: admin@blackstoneminerals.com.au

Web: www.blackstoneminerals.com.au

 

Blackstone Minerals Encounters Further Broad Nickel Sulphide Intersections at Ta Khoa

THE DRILL SERGEANT: Blackstone Minerals (ASX: BSX) enjoyed a good start to the 2019 Brisbane Resources Roundup by reporting on the second round of results from maiden drilling at the company’s Ta Khoa nickel project in Northern Vietnam.

The Resources Roadhouse caught up with Blackstone Minerals managing director Scott Williamson at the 2019 Brisbane Resources Round-up.

Blackstone Minerals said the second round of results from diamond drilling at the Ta Khoa project delivered further substantial intersections of disseminated nickel sulphide as well as noteworthy PGEs.
The maiden drilling results from the latest six drill holes in the program include:

BP19-04
16.6 metres at 0.34 per cent nickel, 0.04 per cent copper, 0.01 per cent cobalt and 0.07 grams per tonne PGE from 104.4m;

BP19-05
15.8m at 0.57 per cent nickel, 0.07 per cent copper, 0.01 per cent cobalt and 0.26g/t PGE from 118.2m;

BP19-06
27.7m at 0.88 per cent nickel, 0.09 per cent copper, 0.01 per cent cobalt and 0.74g/t PGE from 101m;

BP19-08
29.4m at 1.00 per cent nickel, 0.12 per cent copper, 0.02 per cent cobalt and 0.6g/t PGE from 140.6m;

BP19-09
11.9m at 1.46 per cent nickel, 0.15 per cent copper, 0.02 per cent cobalt and 1.09g/t PGE from 107m; and

BP19-10
33.3m at 0.80 per cent nickel, 0.09 per cent copper, 0.01 per cent cobalt and 0.37g/t PGE from 136.9m.

“Drilling at Ta Khoa continues to deliver significant intersections of disseminated nickel sulphide and, with the recently identified potential for substantial platinum group element (PGE) credits, the Ban Phuc DSS is shaping up to be a globally significant nickel sulfide system,” Blackstone Mineral managing director Scott Williamson said in the company’s announcement to the Australian Securities Exchange.

Blackstone is the first company to assay the Ban Phuc DSS for PGEs that has resulted in the recent uncovering of what it considers as a previously unrecognised opportunity.

Previous operators focused on the Ban Phuc MSV, which has relatively low PGE grades, and hence did not consider or investigate the full potential of the PGEs throughout the Ta Khoa project.

Blackstone feels its maiden PGE assays combined with the abundance of disseminated nickel sulphide targets suggest PGEs associated with disseminated nickel sulphide mineralisation could greatly improve the economics of the Ta Khoa nickel project.

 

Email: admin@blackstoneminerals.com.au

Web: www.blackstoneminerals.com.au

 

Blackstone Minerals (ASX: BSX)

THE CONFERENCE CALLER: Blackstone Minerals (ASX: BSX) announced PGE assays from the maiden drill results at the company’s Ta Khoa nickel project in Northern Vietnam.

The Resources Roadhouse spoke with Blackstone Minerals managing director Scott Williamson at the RIU Resources Investor Roadshow in Melbourne.

CLICK ON THE PIC BELOW TO VIEW VIDEO

Blackstone Minerals declared the maiden PGE assays have potential to greatly the economics of the large unmined disseminated sulphide prospect at Ban Phuc with the initial three holes delivering results of:

BP19-01
22 metres at 0.76 per cent nickel, 0.13 per cent copper, 0.01 per cent cobalt and 0.4 grams per tonne PGE from 138m;

BP19-02
17.8m at 1 per cent nickel, 0.09 per cent copper, 0.01 per cent cobalt and 0.74g/t PGE from 106.6m; and

BP19-03
45.5m at 1.2 per cent nickel, 0.17 per cent copper, 0.01 per cent cobalt and 0.35g/t PGE from 56.5m.

Blackstone explained that its assays are the first ever PGE assays for the Ban Phuc disseminated sulphide zone (DSS), as previous owners focused entirely on massive sulphide veins (MSV) and only minimal PGE assays have been taken throughout the Ta Khoa nickel project.

The company’s drilling of the Ban Phuc DSS has delivered peak assays up to 3.4 per cent nickel and 2g/t PGE.

Blackstone considers the previously unrecognised PGE grades associated with the Ban Phuc DSS suggest a potential by-product credit could enhance the future economics of the Ta Khoa nickel project.

“Our maiden PGE assays from the Ban Phuc disseminated sulphide are a game-changer for the Ta Khoa nickel project,” Blackstone Mineral managing director Scott Williamson said in the company’s announcement to the Australian Securities Exchange.

“We look forward to better understanding the project’s full potential as we receive further assays from our drilling program.”

Blackstone is continuing with drilling at Ta Khoa to test high impact targets generated from a recently completed maiden induced polarisation (IP) survey.

Assays are also pending for the next four drill holes from the Ban Phuc disseminated sulphide zone.
The Ta Khoa nickel project is located 160 kilometres west of Hanoi.

The project includes the existing Ban Phuc nickel mine, which was built to Australian Standards and is currently under care and maintenance.

The Ban Phuc nickel mine operated as a mechanised underground nickel mine from 2013 to 2016.

 

Email: admin@blackstoneminerals.com.au

 

Web: www.blackstoneminerals.com.au