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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.”

 

 

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Web: www.blackstoneminerals.com.au

 

Blackstone Minerals Encounters Wide Zone of Ban Chang Sulphide

THE DRILL SERGEANT: Blackstone Minerals (ASX: BSX) reported the intersection of massive sulphide from drilling at the company’s Ta Khoa nickel-PGE project in Vietnam.

Blackstone Minerals encountered massive sulphide in three maiden drill holes at the Ban Chang target that were drilled more than one kilometre apart and along strike within a 1.2km-long massive sulphide target zone that had been defined by high priority EM plates.

Of these, drillhole BC20-03 intersected a zone of 9.15m wide veins of sulphide mineralisation including 4.6m of massive sulphide (MSV) and semi massive sulphide veins (SMSV) with the broader intersection comprising:

1 metre disseminated sulphide (DSS) and sulphide veinlets from 57.05m
0.35m sulphide veinlets from 58.05m
0.3m MSV from 58.40m
2.30m DSS, 10 to 12 per cent sulphides from 58.7m
2.35m SMSV from 61m
1.85m MSV from 63.35m
0.4m sulphide veinlets from 65.2m
0.1m MSV from 65.6m
0.5m DSS and sulphide veinlets from 65.7m.

“We’re pleased to announce a significant intersection of a 9.15 metres wide zone of nickel sulphide vein mineralisation at Ban Chang which could have the scale and geometry to be mined as a bulk underground mining scenario,” Blackstone Minerals managing director Scott Williamson said in the company’s announcement to the Australian Securities Exchange.

“We’ll continue to explore Ban Chang’s potential to become a supplementary high-grade feed source to the main Ban Phuc disseminated sulphide orebody, with further holes planned for drilling in this area.”

Blackstone also has a second drill rig in operation, following its in-house geophysics crew throughout the Ta Khoa district, testing high-priority EM targets generated from 25 MSV prospects including King Snake, Ban Khoa, Ban Chang, and Ban Khang.

Blackstone is targeting MSV prospects analogous to the Ban Phuc MSV, where previous owners mined 975,000 tonnes of high-grade ore at average grades of 2.4 per cent nickel and 1 per cent copper from an average vein width of 1.3m, producing 20,700 tonnes nickel, 10100 tonnes copper and 670 tonnes cobalt.

The company’s Scoping Study on downstream processing to produce nickel sulphate for the lithium-ion battery industry and a Ban Phuc maiden resource are on track for completion in Q3, 2020.

 

Email: admin@blackstoneminerals.com.au

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Blackstone Minerals Intersects Ban Chang MSV

THE DRILL SERGEANT: Blackstone Minerals (ASX: BSX) has intersected massive sulphide in two drill holes at Ban Chang, part of the company’s Ta Khoa nickel-PGE project in Vietnam.

Blackstone Minerals drilled the two holes more than 200 metres apart and along strike within a 1.2 kilometres-long massive sulphide target zone it had defined by high priority electromagnetic (EM) plates.

Drillhole BC20-01 intersected 1.05 metres MSV from 58.5m and 0.5m of sulphide veinlets from 59.5m.

The second hole, BC20-02 intersected 1.2m MSV from 87.0m.

The drilling is part of an ongoing campaign Blackstone is conducting to target regional massive sulphide veins (MSV) as it aims to build its resource inventory at Ta Khoa.

Blackstone currently has a second drill rig in operation being used by its in-house geophysics team 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 Ban Khang.

“It’s exciting to be targeting massive sulphide veins and achieving intersections within a few metres of the modelled EM plates – this is a great sign for the future of the Ta Khoa nickel-PGE project,” Blackstone Minerals managing director Scott Williamson said in the company’s announcement to the Australian Securities Exchange.

“With the advantage of an in-house geophysics team, we are extremely well positioned to unlock this world-class geology and understand the full potential of our flagship asset.

“Our second drill rig will continue to drill high priority EM plates and look to delineate potential high-grade massive sulfide orebodies, akin to the successful Ban Phuc nickel mine, which was mined economically during some of the lowest nickel prices seen in the past decade.

“Our main drill rig continues to drill the King Cobra discovery zone at depth.”

 

Email: info@ausgoldlimited.com

Web: www.ausgoldlimited.com

 

Blackstone Minerals Drilling Regional Ta Khoa Targets

THE DRILL SERGEANT: Blackstone Minerals has commenced drilling regional massive sulphide vein (MSV) targets at the company’s Ta Khoa nickel-PGE project in northern Vietnam.

Blackstone Minerals is targeting MSV prospects analogous to the previously mined Ban Phuc MSV, where previous owners mined high-grade ore between 2013 and 2016.

Blackstone’s ground-based electromagnetics (EM) geophysics crew recently generated a 1km long massive sulphide target within a 12km long district-scale exploration corridor, which the company aims to test over the coming months.

Drilling continues at the King Cobra discovery zone (KCZ) at depth and a second drill rig has commenced drilling the district-scale massive sulphide targets that have been generated by Blackstone’s inhouse geophysics crew.

Blackstone’s second drill rig will follow the 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 Ban Khang.

Historic work at the Ta Khoa Nickel-PGE project highlighted a district of high-grade nickel sulphide targets that have not been tested extensively.

Blackstone intends systematically explore these using modern techniques for broader zones of MSV, initially at the Ban Chang prospect.

“By using our in-house geophysics crew and our own drill rigs, we can cost effectively explore this globally significant nickel sulphide district using modern geophysical techniques to unlock the significant potential of the world-class geology,” Blackstone Minerals managing director Scott Williamson said in the company’s announcement to the Australian Securities Exchange.

“We see potential to increase annual nickel production from the Ta Khoa Nickel-PGE project through targeting high-grade massive sulphide veins to complement the base load nickel sulphide feed to be potentially mined from the Ban Phuc DSS and King Cobra discovery zone.”

 

Email: admin@blackstoneminerals.com.au

Web: www.blackstoneminerals.com.au

 

Blackstone Minerals Acquires Ta Khoa Nickel-PGE Project

THE BOURSE WHISPERER: Blackstone Minerals (ASX: BSX) announced it has exercised an option to acquire a 90 per cent interest in the Ta Khoa nickel-PGE project in northern Vietnam.

Blackstone Minerals executed the binding option agreement to purchase AMR Nickel Limited’s 90 per cent interest in the project and will subsequently issue 8.6 million shares to Ta Khoa Mining Limited as per the terms of a binding term sheet agreement of $1 million of BSX shares.

Exercising the option to acquire a 90 per cent interest in the Ta Khoa project means Blackstone has now completed a condition of the recently announced binding share purchase agreement with EcoPro.

“We are pleased to announce the acquisition of the Ta Khoa nickel-PGE project and welcome Steve Ennor and all of the team in Vietnam to the Blackstone group, we now look forward to the future of the Ta Khoa nickel-PGE project with our new partner EcoPro,” Blackstone Minerals managing director Scott Williamson said in the company’s announcement to the Australian Securities Exchange.

Blackstone indicated it now aims to deliver a maiden resource in Q3, focused initially on the disseminated sulphide (DSS) at Ban Phuc as it continues to investigate the potential to restart the existing Ban Phuc concentrator through focused exploration on both massive sulphide veins (MSV) and DSS deposits.

Blackstone has commenced a scoping study on the downstream processing facility at Ta Khoa that is anticipated to be announced in Q3, providing details for Joint Venture partners to formalise the next stage of investment.

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

 

Blackstone Minerals Welcomes $6.8M Sth Korean Investment

THE BOURSE WHISPERER: Blackstone Minerals (ASX: BSX) bounced out of a self-imposed trading halt to announce $6.8 million investment in the company by South Korea-based battery and environment material company, EcoProa.

Blackstone Minerals has signed a binding share purchase agreement with EcoPro Co. Limited, who’s subsidiary company, EcoPro BM, is the world’s second largest and Korea’s largest nickel-rich cathode materials manufacturer.

The placement of 40 million fully paid ordinary shares at an issue price of $0.17 per share represents a healthy 62 per cent premium to Blackstone Minerals’ last traded price before it went into self-exile.

Blackstone Minerals said the binding agreement outlines an alliance structure under which it will work in partnership with EcoPro – by way of an additional investment via a Joint Venture Agreement – to develop a downstream processing facility in association with Blackstone Minerals’ Ta Khoa nickel-PGE project in northern Vietnam.

“We are pleased to announce this investment of $6.8 million at a premium which strengthens our alliance with EcoPro,” Blackstone Minerals managing director Scott Williamson said in the company’s announcement to the Australian Securities Exchange.

“Our Ta Khoa nickel-PGE project has the potential to deliver the critical raw materials required for EcoPro’s cathode manufacturing to meet the demand from the imminent electric vehicle (EV) revolution.

“We look forward to working towards the next stage of our partnership to develop the downstream processing facility in northern Vietnam.”

Blackstone Minerals has signalled its intent to deliver a maiden resource in Q3, focused initially on the disseminated sulphide (DSS) at Ban Phuc as it continues to investigate the potential to restart the existing Ban Phuc concentrator through focused exploration on both massive sulphide veins (MSV) and DSS deposits.

Blackstone has already commenced a scoping study on the downstream processing facility at Ta Khoa, which is anticipated to also to be announced in Q3.

This is expected to provide details for JV partners to formalise the next stage of investment.

Metallurgical testing is also underway on the Ban Phuc DSS deposit with an aim to develop a flow sheet for a product suitable for the lithium-ion battery industry.

Blackstone is also 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.

The company’s purchase of the Ta Khoa nickel-PGE project came with an existing modern nickel mine that had been placed under care and maintenance since 2016 due to falling nickel prices.

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

Previous project owners focused mining and exploration efforts primarily on the MSV at Ban Phuc, where Blackstone plans to explore both MSV and DSS targets throughout the project, initially within a five kilometres radius of the existing processing facility.

EcoPro is a South Korea-based company engaged in the battery and environment material sector, principally in the manufacture and sale of secondary battery materials.

The company manufactures cathode active materials and precursors used for secondary batteries and provides environmental materials including sorbents and catalysts, chemical air filters, and greenhouse gas reduction devices, among others.

 

Email: admin@blackstoneminerals.com.au

Web: www.blackstoneminerals.com.au

 

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

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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