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Blackstone Minerals Reports Completed Ta Khoa Scoping Study

THE BOURSE WHISPERER: Blackstone Minerals (ASX: BSX) reported the completion of the Scoping Study for the development and restart of the company’s Ta Khoa nickel-copper-PGE project in Vietnam.

Blackstone Minerals views the Scoping Study as an initial platform, from which it can build a mine-to-market nickel business over the coming years; one with multiple upside opportunities for the future.

Blackstone has already commenced the next phase of Pre-Feasibility Studies.

The existing modern mine infrastructure at Ta Khoa provides the ideal pad from which Blackstone can launch it ambition of building a fully integrated mine-to-market nickel business.

The company is determined to build one of the world’s first green nickel processing facilities to produce downstream nickel products for the lithium-ion battery industry.

The maiden resource at Ban Phuc (indicated resource of 44.3Mt at 0.52% nickel for 229,000 tonnes nickel and Inferred Mineral Resource of 14.3Mt at 0.35% nickel for 50,000 tonnes nickel) is a good start, from which to build a world class nickel mining centre supported by a downstream processing facility.

The Ta Khoa Nickel- copper-PGE project is currently powered by South East Asia’s largest hydro power plant located nearby in the Son La Province.

“The Scoping Study defines a project path that maximises economics, minimises environmental and social impacts, and offers a lasting legacy to the people in our local community,” Blackstone Minerals managing director Scott Williamson said in the company’s announcement to the Australian Securities Exchange.

“Whilst we are pleased with the outcomes of this study, we will continue to expand our resource and increase our production potential in this exciting, and yet under-explored region of Vietnam and have commenced work on PFS level studies for the project.”

 

TO READ THE ANNOUNCEMENT IN FULL: CLICK HERE

 

Email: admin@blackstoneminerals.com.au

 

Web: www.blackstoneminerals.com.au

 

 

Blackstone Minerals Raises $21 Million to Advance Ta Khoa

THE BOURSE WHISPERER: Blackstone Minerals (ASX: BSX) should be operating a busy booth on the opening day of the RIU Resurgence Conference after announcing firm commitments from sophisticated, professional and institutional investors to raise up to a total of $17.8 million through a placement of approximately 42 million fully paid ordinary shares at an issue price of 42 cents per share.

Buoyed by the placement, which includes Fidelity International corner-stoning the raise with an $8 million pledge, Blackstone will also offer a Share Purchase Plan to raise a further $3 million.

“We’re excited to welcome new long-term institutional investors to our register and the opportunity to raise $21 Million for Blackstone to support the ongoing exploration, resource drilling and future studies at the Ta Khoa project,” Blackstone Minerals managing director Scott Williamson said in the company’s announcement to the Australian Securities Exchange.

Net proceeds from the Placement and SPP are intended to be used to fund exploration and resource drilling activities, as well as a Pre-Feasibility Study and Definitive Feasibility Study at the company’s Ta Khoa nickel project in Vietnam.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@blackstoneminerals.com.au

 

Web: www.blackstoneminerals.com.au

 

Blackstone Minerals Drilling New Nickel Targets

THE DRILL SERGEANT: Blackstone Minerals (ASX: BSX) has commenced drilling at the Ta Cuong prospect, targeting high-grade massive sulphide nickel-copper-PGE analogous to the recently discovered Ban Chang prospect, part of the company’s Ta Khoa nickel-copper-PGE project in Vietnam.

Ta Cuong is six kilometres along strike from Ban Chang and close to a major regional structure that is also close to the Ban Phuc and Ban Chang prospects.

Blackstone Minerals found drilling by previous owners did not target geophysical anomalies, however the company has revisited un-assayed historic drill holes to define new targets at Ta Cuong for high impact drill testing.

Ta Cuong is Blackstone’s second high priority massive sulphide vein (MSV) prospect within its portfolio of 25 MSV prospects to be systematically tested with modern techniques.

“Based on geological similarities and now with some exciting EM plates to target, we believe Ta Cuong has the potential to deliver similar results to Ban Chang and Ban Phuc,” Blackstone Minerals managing director Scott Williamson said in the company’s announcement to the Australian Securities Exchange.

“We continue to systematically test our 25 MSV prospects and with our in-house geophysics crew and Blackstone-owned drill rigs, we can cost effectively explore this globally significant nickel sulphide district using modern geophysical techniques.

“We see potential to increase future annual nickel production from the Ta Khoa nickel-copper-PGE project through targeting high-grade MSV to complement the base load nickel sulphide feed from the bulk open pit mining scenario we are currently modelling at Ban Phuc and King Cobra.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@blackstoneminerals.com.au

 

Web: www.blackstoneminerals.com.au

 

Blackstone Minerals Encounters More Broad Zones of Nickel Sulphides

THE DRILL SERGEANT: Blackstone Minerals (ASX: BSX) has continued to encounter high-grade massive sulphide nickel-copper-PGE at Ban Chang, part of the company’s Ta Khoa nickel-copper-PGE project in Vietnam.

Latest results include:

BC20-06
13 metres at 0.5 per cent nickel, 0.71 per cent copper, 0.05 per cent cobalt and 0.46g/t PGE (Platinum + Palladium + Gold) from 89m and
4.2m at 0.52 per cent nickel, 0.81 per cent copper, 0.06 per cent cobalt and 0.82g/t PGE from 97.8m

BC20-08
9.6m at 0.84 per cent nickel, 0.73 per cent copper, 0.05 per cent cobalt and 0.7g/t PGE from 57.0m

BC20-10
14.65m at 0.74 per cent nickel, 0.71 per cent copper, 0.04 per cent cobalt and 0.54g/t PGE from 45.0m, including 5.85m at 1.62 per cent nickel, 1.47 per cent copper, 0.08 per cent cobalt and 1.09g/t PGE from 51.8m, including 0.87m at 3.32 per cent nickel, 3.89 per cent copper, 0.16 per cent cobalt and 1.65g/t PGE from 56.78m

BC20-12
8.3m at 0.50 per cent nickel, 0.70 per cent copper, 0.05 per cent cobalt and 0.46g/t PGE from 35.5m, including 4.8m at 0.71 per cent nickel, 0.81 per cent copper, 0.06 per cent cobalt and 0.46g/t PGE from 39m

Blackstone is maintaining an aggressive exploration program with six drill rigs, four owned by the company.

Three rigs are testing massive sulphide vein (MSV) targets at Ban Chang, and three are testing down dip extensions of the King Cobra Discovery Zone (KCZ) at Ban Phuc.

“Drilling continues to deliver consistent, broad intersections of nickel sulphide mineralisation from shallow depths with average widths of approximately 10 metres throughout most of the Ban Chang prospect and broader zones within Ban Chang East with greater than 20 metre wide intersections of potentially bulk‐mineable grade nickel‐copper‐PGE mineralisation,” Blackstone Minerals managing director Scott Williamson said in the company’s announcement to the Australian Securities Exchange.

“We aim to drill out Ban Chang over the coming months and upgrade our resource inventory by the end of CY20.

“We are continuing to systematically test 25 MSV targets throughout the Ta Khoa nickel‐coppper‐PGE district to add further high‐grade feed to our bulk open‐pit mining scenario at Ban Phuc and the KCZ.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@blackstoneminerals.com.au

 

Web: www.blackstoneminerals.com.au

Blackstone Minerals Pulls Off New Nickel Zone Discovery at Ta Khoa

THE DRILL SERGEANT: Blackstone Minerals (ASX: BSX) is enjoying its time in Vietnam, this time declaring the discovery of a new zone of nickel mineralisation at the company’s Ta Khoa nickel-copper-PGE project.

Blackstone’s in-house geophysics crew encountered the Viper Discovery Zone to the east of the Ban Chang prospect, generating the blind discovery of potential massive sulphide nickel targets from a series of new shallow EM anomalies.

The geology team followed up the new EM anomalies with a series of trenches to better understand the prospectivity of the VDZ and discovered a nickel-copper gossan.

“The VDZ is a blind discovery which bodes well for further blind discoveries throughout the Ta Khoa Nickel-copper-PGE district and shows the potential of this project to host much more undiscovered nickel sulphide mineralisation,” Blackstone Minerals managing director Scott Williamson said in the company’s announcement to the Australian Securities Exchange.

“In addition to blind discovery potential, we have 25 massive sulphide targets, which are all associated with outcropping mineralisation at surface, and with our in-house geophysics team, we can generate additional blind discoveries that were not known to previous operators of the project.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@blackstoneminerals.com.au

 

Web: www.blackstoneminerals.com.au

 

Blackstone Minerals Doubles Down on Ta Khoa Exploration

THE DRILL SERGEANT: Blackstone Minerals (ASX: BSX) enjoyed another big week of news flow from the company’s Ta Khoa nickel-copper-PGE project in Vietnam.

Blackstone Minerals informed the market it has picked up the pace of its exploration activities underway at the Ta Khoa nickel-copper-PGE project, setting a new industry standard by adding a second geophysics crew and three additional drill rigs to its fleet, thereby doubling its exploration capacity.

Blackstone already had three drill rigs operating across the Ta Khoa project and now the addition of a fourth company-owned diamond rig will give it the option to test multiple prospects simultaneously, accelerating future resource upgrades, once it reaches completion of a maiden resource, scheduled for this quarter.

By owning and operating its own drill rigs, Blackstone said it has recognised substantial cost savings, with approximately 60 per cent reduction of per metre drilling costs relative to Australian industry averages.

Owning and operating four diamond drill rigs substantially increases the amount of drilling the company can undertake relative to other companies for the same expenditure.

“Blackstone is pleased to announce that we have doubled our exploration capacity to allow us to accelerate our exploration program to rapidly unlock what’s shaping up to be a world class nickel sulphide district at Ta Khoa,” Blackstone Minerals managing director Scott Williamson said in the company’s announcement to the Australian Securities Exchange.

“We have expanded our exploration capacity by adding an additional geophysics crew and a further three drill rigs.

“The additions will ensure we can progress the project as rapidly as possible in a cost-effective manner.

“We are looking forward to a steady stream of drilling results during Q3 and Q4 2020 and will keep our shareholders up to date as results become available.”

The doubling up of drilling equipment and personnel came on the back of the company announcing continued intersecting of high-grade massive sulphide nickel-copper-PGE at Ban Chang, part of the Ta Khoa project.

The first four holes of Blackstone Minerals’ maiden drilling program at Ban Chang have all encountered sulphide mineralisation.

The latest of these, BC20-04, returned:

21.5 metres at 0.69 per cent nickel, 0.66 per cent copper, 0.03 per cent cobalt and 0.81 grams per tonne PGE from 71m

13.4m at 1.01 per cent nickel, 0.96 per cent copper, 0.05 per cent cobalt and 1.14g/t PGE from 76m, including 2.1m at 2.53 per cent nickel, 1.36 per cent copper, 0.11 per cent cobalt and 0.76g/t PGE from 77.6m.

The four maiden drill holes were drilled more than 1.2 kilometres apart and along strike within a 1.2km-long massive sulphide target zone defined by high priority EM plates.

Blackstone has now moved to an aggressive drill out phase to delineate a maiden resource at Ban Chang to supplement the ongoing studies focused on producing nickel sulphate for the lithium-ion battery industry.

The company has recently purchased a third drill rig that will follow its geophysics crew throughout the Ta Khoa nickel sulphide district, testing high-priority EM targets generated from 25 MSV prospects, including King Snake, Ban Khoa, Ban Chang, and Ta Cuong.

The largest of these rigs will continue drilling at the King Cobra Discovery zone (KCZ), while the two smaller drill rigs will operate at Ban Chang East and Ban Chang West.

Blackstone’s Scoping Study on downstream processing to produce nickel sulphate for the lithium-ion battery industry and Ban Phuc maiden resource are on track for completion in Q3, CY20.

“Hole 4 has delivered our broadest Ban Chang intersection to date and confirms we have a bulk tonnage opportunity that has potential to deliver significant high-grade nickel to our future mine plan which will be underpinned by a base load feed coming from our flagship Ban Phuc orebody which includes the KCZ,” Williamson said.

“Ban Chang is the first of our 25 MSV targets to be tested throughout the Ta Khoa nickel-copper-PGE district, leaving plenty of upside for adding high-grade feed to what looks like a bulk open pit mining scenario at Ban Phuc and KCZ.”

 

Email: admin@blackstoneminerals.com.au

 

Web: www.blackstoneminerals.com.au

 

Blackstone Minerals Doubles Ta Khoa Exploration Capacity

THE DRILL SERGEANT: Blackstone Minerals (ASX: BSX) has picked up the pace of its exploration activities underway at the company’s Ta Khoa nickel-copper-PGE project in Vietnam.

Blackstone has set a new industry standard by adding a second geophysics crew and three additional drill rigs to its fleet, thereby doubling its exploration capacity.

Blackstone already had three drill rigs operating across the Ta Khoa project and now the addition of a fourth company-owned diamond rig will give it the option to test multiple prospects simultaneously, accelerating future resource upgrades, once it reaches completion of a maiden resource, scheduled for this quarter.

By owning and operating its own drill rigs, Blackstone has recognised substantial cost savings, with approximately 60 per cent reduction of per metre drilling costs relative to Australian industry averages.

Owning and operating four diamond drill rigs substantially increases the amount of drilling the company can undertake relative to other companies for the same expenditure.

“Blackstone is pleased to announce that we have doubled our exploration capacity to allow us to accelerate our exploration program to rapidly unlock what’s shaping up to be a world class nickel sulphide district at Ta Khoa,” Blackstone Minerals managing director Scott Williamson said in the company’s announcement to the Australian Securities Exchange.

“We have expanded our exploration capacity by adding an additional geophysics crew and a further three drill rigs.

“The additions will ensure we can progress the project as rapidly as possible in a cost-effective manner.

“We are looking forward to a steady stream of drilling results during Q3 and Q4 2020 and will keep our shareholders up to date as results become available.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@blackstoneminerals.com.au

 

Web: www.blackstoneminerals.com.au

 

Blackstone Minerals Encounters Further Ta Khoa Sulphide Hits

THE DRILL SERGEANT: Blackstone Minerals (ASX: BSX) has continued it run of intersecting high-grade massive sulphide nickel-copper-PGE at Ban Chang, part of the company’s Ta Khoa nickel-copper-PGE project in Vietnam.

The first four holes of Blackstone Minerals’ maiden drilling program at Ban Chang have all encountered sulphide mineralisation.

The latest of these, BC20-04, returned:

21.5 metres at 0.69 per cent nickel, 0.66 per cent copper, 0.03 per cent cobalt and 0.81 grams per tonne PGE from 71m
13.4m at 1.01 per cent nickel, 0.96 per cent copper, 0.05 per cent cobalt and 1.14g/t PGE from 76m, including 2.1m at 2.53 per cent nickel, 1.36 per cent copper, 0.11 per cent cobalt and 0.76g/t PGE from 77.6m.

The four maiden drill holes were drilled more than 1.2 kilometres apart and along strike within a 1.2km-long massive sulphide target zone defined by high priority EM plates.

Blackstone has now moved to an aggressive drill out phase to delineate a maiden resource at Ban Chang to supplement the ongoing studies focused on producing nickel sulphate for the lithium-ion battery industry.

The company has recently purchased a third drill rig that will follow its geophysics crew throughout the Ta Khoa nickel sulphide district, testing high-priority EM targets generated from 25 MSV prospects, including King Snake, Ban Khoa, Ban Chang, and Ta Cuong.

The largest of these rigs will continue drilling at the King Cobra Discovery zone (KCZ), while the two smaller drill rigs will operate at Ban Chang East and Ban Chang West.

Blackstone’s Scoping Study on downstream processing to produce nickel sulphate for the lithium-ion battery industry and Ban Phuc maiden resource are on track for completion in Q3, CY20.

“Hole 4 has delivered our broadest Ban Chang intersection to date and confirms we have a bulk tonnage opportunity that has potential to deliver significant high-grade nickel to our future mine plan which will be underpinned by a base load feed coming from our flagship Ban Phuc orebody which includes the KCZ,” Blackstone Minerals managing director Scott Williamson said in the company’s announcement to the Australian Securities Exchange.

“Ban Chang is the first of our 25 MSV targets to be tested throughout the Ta Khoa nickel-copper-PGE district, leaving plenty of upside for adding high-grade feed to what looks like a bulk open pit mining scenario at Ban Phuc and KCZ.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@blackstoneminerals.com.au

 

Web: www.blackstoneminerals.com.au

 

Blackstone Minerals Hits 200m High-grade nickel-copper-PGE Zone

THE DRILL SERGEANT: Blackstone Minerals (ASX: BSX) has continued to encounter massive sulphide in its maiden drilling program underway at the Ban Chang target, part of the company’s Ta Khoa nickel-copper-PGE project in Vietnam.

Blackstone Mineral’s drill hole BC20-02 at Ban Chang hit a 200 metres long zone of high-grade nickel-copper-PGE with the following high-grade results:

BC20-02

4.1 metres at 0.92 per cent nickel, 0.69 per cent copper, 0.05 per cent cobalt and 0.26 grams per tonne PGE from 85.9m:

Or

2.3m at 1.6 per cent nickel, 1.09 per cent copper, 0.09 per cent cobalt and 0.43g/t PGE from 85.9m, including 1.8m at 2.01 per cent nickel, 1.27 per cent copper, 0.12 per cent cobalt and 0.53g/t PGE from 86.4m.

All four holes Blackstone has drilled to date at Ban Chang have intersected massive sulphide nickel over a 1.2km strike within a 1.2km long massive sulphide target zone defined by high priority electromagnetic (EM) plates.

Assays are pending for drill hole BC20-04, which intersected 15.4m of sulphide vein mineralisation.

“Our latest assays confirm further high-grade mineralisation at Ban Chang,” Blackstone Minerals managing director Scott Williamson said in the company’s announcement to the Australian Securities Exchange.

“We continue to demonstrate strong potential for a bulk underground mining scenario at Ban Chang which could be significantly larger scale than the previously mined Ban Phuc massive sulphide underground mine.

“At Ban Phuc, the previous owners successfully mined a 1.3 metre wide MSV at much lower nickel prices than today.

“We are seeing broader widths and significant by-products which could lend to potentially better economics than when this mine previously operated.

“We have now drilled significant massive sulphide nickel mineralisation over 1.2 kilometres of strike at Ban Chang and our in-house geophysics crew continues to test for further massive sulphide mineralisation at the new target, Ta Cuong.

“Ban Chang and Ta Cuong are the first of our 25 MSV targets to be tested throughout the Ta Khoa nickel-copper-PGE district, leaving plenty of upside for adding high-grade feed to what looks like a bulk open pit mining scenario at Ban Phuc and the King Cobra Discovery zone.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@blackstoneminerals.com.au

 

Web: www.blackstoneminerals.com.au

 

Blackstone Minerals Extends Ban Chang Prospect

THE DRILL SERGEANT: Blackstone Minerals (ASX: BSX) has extended the strike of the Ban Chang prospect at the company’s Ta Khoa Nickel-Cu-PGE project in Vietnam.

Blackstone Minerals announced it has extended Ban Chang by more than one kilometre by way of step out reconnaissance style drilling intersecting high-grade mineralisation.

Drill holes were drilled more than 1.2km apart and along strike within a 1.2km-long massive sulphide target zone defined by high-priority EM plates.

Drillhole BC20-03 followed up on previously encountered mineralisation, returning:

BC20-03
9.8 metres at 1.45 per cent nickel, 0.9 per cent copper, 0.08 per cent cobalt 0.7g/t PGE from 57.05m; and
5.7m at 2.07 per cent nickel, 1.08 per cent copper, 0.12 per cent cobalt and 0.95g/t PGE from 60m, including 1.85 at 3.59 per cent nickel, 1.18 per cent copper, 0.2 per cent cobalt and 1.97g/t PGE from 63.35m.

“Our latest assays confirmed a new zone of high-grade mineralisation which was previously untested,” Blackstone Minerals managing director Scott Williamson said in the company’s announcement to the Australian Securities Exchange.

“We have demonstrated strong potential for a bulk underground mining scenario at Ban Chang, which could be significantly larger scale than the previously mined Ban Phuc massive sulphide underground mine.

“At Ban Phuc, the previous owners successfully mined a narrow massive sulphide vein at much lower nickel prices than today.

“With bulk underground mining and the potential for significant PGE credits, we could be looking at a very economic mining scenario at Ban Chang.

“We have now drilled significant massive sulphide nickel mineralisation over one kilometre of strike at Ban Chang and our in-house geophysics crew continues to test for further massive sulphide mineralisation.

“Ban Chang is the first of 25 MSV targets to be tested throughout the Ta Khoa nickel-copper-PGE district, leaving plenty of upside for adding high-grade feed to a bulk open pit mining scenario at Ban Phuc.”

 

 

TO READ THE FULL ANNOUNCEMENT:   CLICK HERE

 

Email: admin@blackstoneminerals.com.au

 

Web: www.blackstoneminerals.com.au