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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

 

Blackstone Minerals Upgrades Ta Khoa Nickel Sulphides

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

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

 

Blackstone Minerals Mobilises Second Drill Rig

THE DRILL SERGEANT: Blackstone Minerals (ASX: BSX) has commenced a second phase of drilling with a second diamond drill rig mobilised at the company’s Ta Khoa nickel project in Northern Vietnam.

Blackstone Minerals announced its option to acquire a 90 per cent interest in the Ta Khoa nickel project in May 2019, since when it has commenced drilling and completed an initial IP survey.

Results from the IP survey indicated a strong correlation exists between high chargeability and high grade DSS and massive sulphide vein (MSV) mineralisation.

The company explained that the second drill rig has deeper drilling capabilities that will enable it to test the multiple new targets it has generated from the IP survey.

The initial shallow diamond drilling rig will continue to test the Ban Phuc disseminated sulphide (DSS) while the second rig has been mobilised to test the deeper targets throughout the project.

“We’re excited to be drilling our deeper targets generated from the recently completed IP survey at the Ta Khoa nickel project, we look forward to further consistent news flow from both drill rigs over the coming weeks,” Blackstone Mineral managing director Scott Williamson said in the company’s announcement to the Australian Securities Exchange.

“We remain well funded to test the multiple new targets generated from the maiden IP survey and continue to unlock the full potential of the extensive nickel sulphide system at Ta Khoa.”

 

Email: admin@blackstoneminerals.com.au

Web: www.blackstoneminerals.com.au

 

Blackstone Minerals Identifies New Ta Khoa Nickel Targets

THE DRILL SERGEANT: Blackstone Minerals (ASX: BSX) has completed a maiden Induced Polarisation (IP) survey at the company’s Ta Khoa nickel project in Northern Vietnam.

Blackstone Minerals said the survey had identified multiple new targets at the Ta Khoa nickel project by indicating a strong correlation exists between high chargeability and high-grade disseminated sulphide (DSS) and massive sulphide vein (MSV) mineralization.

Blackstone is the first company to undertake an IP survey at Ta Khoa and the company indicated the geophysical method it has used defined existing and potential further high-grade zones within both MSV and DSS prospects.

The latest IP results follow-up on Blackstone’s recent drilling at Ta Khoa, which delivered initial substantial nickel sulphide intersections.

Blackstone intends using the IP survey results to target a second phase of deeper drilling that is anticipated to commence over the coming weeks.

The company considers potential exists to delineate further high-grade mineralisation throughout the Ta Khoa nickel project, initially within a five kilometre radius of the existing processing facility.

The Ta Khoa nickel project has existing modern infrastructure built to Australian Standards including a 450,000 tonnes per annum concentrator located within a premier nickel sulphide district.

Blackstone declared it would be continuing 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.

“Our maiden results from the first ever IP survey at Ta Khoa suggest we have an extensive system of magmatic nickel-copper-cobalt sulphides,” Blackstone Minerals managing director Scott Williamson said in the company’s announcement to the Australian Securities Exchange.

“We look forward to continuing our shallow drilling and commencing the deeper drilling of the new targets with a second drill rig mobilising over the coming weeks.”

 

Email: admin@blackstoneminerals.com.au

Web: www.blackstoneminerals.com.au

 

Blackstone Minerals Intersects Healthy Nickel Sulphides at Ta Khoa Nickel Project

THE DRILL SERGEANT: Blackstone Minerals (ASX: BSX) shook away the morning cobwebs on Day Two of the Diggers & Dealers Mining Forum in Kalgoorlie by releasing results from its maiden drilling program on the company’s Ta Khoa nickel project in Northern Vietnam.

Blackstone Minerals announced its maiden drilling at the Ta Khoa nickel project in Northern Vietnam had intersected substantial disseminated nickel sulphide mineralisation within the first three drill holes delivering results, including:

BP19-01
22 metres at 0.76 per cent nickel, 0.13 per cent copper and 0.01 per cent cobalt from 138m, including 5m at 2.23 per cent nickel, 0.17 per cent copper and 0.03 per cent cobalt from 138m;

BP19-02
17.8m at 1 per cent nickel, 0.09 per cent copper and 0.01 per cent cobalt from 106.6m; and

BP19-03
45.5m at 1.2 per cent nickel, 0.17 per cent copper and 0.01 per cent cobalt from 56.5m.

All holes have platinum, palladium and gold assays pending.

In concert with the drilling Blackstone has undertaken an initial IP survey test line, the results from which it will use to target a second phase of drilling over the coming weeks.

Blackstone will continue to test for shallow DSS targets at Ban Phuc and using the IP survey results will commence the second phase of drilling to target high chargeability and low resistivity zones which correlate with the higher-grade zones within the Ban Phuc DSS.

Blackstone is the first company to use IP as a targeting tool at Ban Phuc and has interpreted the initial results to suggest the geophysical method will enable it to define higher grade zones within both the MSV and DSS prospects throughout the Ta Khoa nickel project.

“The initial results from our maiden drilling at Ta Khoa have confirmed we have a large unmined disseminated sulphide body at Ban Phuc, we look forward to more results from the IP survey to define further targets for our second phase of deeper drilling which we will commence over the coming weeks,” Blackstone Minerals managing director Scott Williamson said in the company’s announcement to the Australian Securities Exchange.

The Ta Khoa nickel project is located west of Hanoi in the Son La Province of Vietnam and includes an existing modern nickel mine (Ban Phuc) built to Australian Standards, which is currently under care and maintenance.

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

Blackstone ’s maiden Minerals considers its drilling results to be consistent with historic drilling and confirm the potential for a large unmined disseminated sulphide prospect at Ban Phuc.

 

Email: admin@blackstoneminerals.com.au

Website: www.blackstoneminerals.com.au