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.”
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