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Blackstone Minerals Encounters More Ban Chang Nickel

THE DRILL SERGEANT: Blackstone Minerals (ASX: BSX) attracted a crowd at its booth at the New World Metals Conference in Perth following the release of an update on infill drilling from the Ban Chang target at the company’s Ta Khoa nickel-copper-PGE project in Northern Vietnam.

Ban Chang is the most advanced massive sulphide vein (MSV) target at the Ta Khoa project.

The drilling results included a highlight of 5.35 metres of massive sulphide nickel intersected in drill hole BC21-66.

Other intercepts include:

BC21-18
3.8 metres at 1.13 per cent nickel, 0.59 per cent copper, 0.06 per cent cobalt and 0.52 grams per tonne PGE from 92.5m, including 1.6m at 2.49 per cent nickel, 0.65 per cent copper, 0.14 per cent cobalt and 1.01g/t PGE from 93m;

BC21-23
1.83m at 1.57 per cent nickel, 0.32 per cent copper, 0.09 per cent cobalt and 0.96g/t PGE from 82.39m, including 1.27m at 2.01 per cent nickel, 0.42 per cent copper, 0.12 per cent cobalt and 1.13g/t PGE from 82.39m;

BC21-24
1.52m at 1.95 per cent nickel, 0.42 per cent copper, 0.1 per cent cobalt and 0.78g/t PGE from 51.02m; and

BC21-34
13.85m at 0.51 per cent nickel, 0.33 per cent copper, 0.03 per cent cobalt and 0.3g/t PGE from 56m, including. 4.13m at 1.16 per cent nickel, 0.72 per cent copper, 0.07 per cent cobalt and 0.67g/t PGE from 65.72.

“We look forward to presenting a maiden resource at Ban Chang and incorporating the successful outcomes of infill drilling into a mine plan as part of our Upstream Business Unit PFS,” Blackstone Minerals managing director Scott Williamson said in the company’s ASX announcement.

“Drilling at Ban Chang is tightly spaced and has consistently intersected massive sulphide mineralisation, providing a high level of confidence as we progress through the next phases of mine development.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@blackstoneminerals.com.au

 

Web: www.blackstoneminerals.com.au

 

Blackstone Minerals Maintains Nickel Strike Form at Ta Khao Project

THE DRILL SERGEANT: Blackstone Minerals (ASX: BSX) has drilled further value at the company’s Ta Khoa nickel-copper-PGE project in Northern Vietnam.

Blackstone Minerals reported assay results from a maiden drilling program carried out at the Ban Khoa Disseminated Sulphide (DSS) prospect at the Ta Khoa project.

Blackstone considers Ban Khoa to be a bulk tonnage open pit opportunity with potential to provide mine life extension and complement mining at the nearby large Ban Phuc open pit deposit.

The Ban Khoa DSS prospect is being targeted for inclusion in the company’s upcoming Upstream Business Unit (UBU) Pre-Feasibility Study (PFS).

Highlights from the maiden drill program include:

BK21-11
147metres at 0.31 per cent nickel, 0.04 per cent copper, 0.01 per cent cobalt and 0.14 grams per tonne PGE from 62m, including 34.65m at 0.55 per cent nickel, 0.08 per cent copper, 0.01 per cent cobalt and 0.37g/t PGE from 103.7m, including 10.6m at 1.06 per cent nickel, 0.11 per cent copper, 0.02 per cent cobalt and 0.88g/t PGE from 123.3m;

BK21-10
67.7m at 0.33 per cent nickel, 0.04 per cent copper, 0.01 per cent cobalt and 0.19g/t PGE from 105.3m and 32.1m at 0.48 per cent nickel, 0.08 per cent copper, 0.01 per cent cobalt and 0.33g/t PGE from 193.1m; and

BK21-08
60.2m at 0.37 per cent nickel, 0.07 per cent copper, 0.01 per cent cobalt and 0.09g/t PGE from 208.6m, including 10.8m at 1.03 per cent nickel, 0.13 per cent copper, 0.02 per cent cobalt and 0.39g/t PGE from 210.2m.

“We are pleased to present the results of Blackstone’s first drill program at the Ban Khoa prospect,” Blackstone Minerals managing director Scott Williamson said in the company’s ASX announcement.

“Ban Khoa is a bulk tonnage disseminated opportunity with excellent potential to completement mining and processing of material from the large Ban Phuc open pit orebody.

“We look forward to presenting a maiden resource for Ban Khoa as part of Blackstone’s UBU PFS.

“We are confident that the current reported drilling results are indicative of the significant geological upside that Blackstone will continue to unlock at our flagship Ta Khoa nickel-copper-PGE project.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@blackstoneminerals.com.au

 

Web: www.blackstoneminerals.com.au

 

Blackstone Minerals Swimming Upstream at Ban Phuc

COMMODITY CAPERS: Blackstone Minerals (ASX: BSX) recently reported some of the best broad DSS drilling intersections encountered to date at the Ban Phuc deposit within the company’s Ta Khoa nickel–copper-PGE project in Northern Vietnam.

Blackstone Minerals reported the drilling had hit a 375 metres nickel sulphide intersection to further demonstrate the large bulk tonnage potential of the Ban Phuc disseminated (DSS) deposit.

Drilling from Ban Phuc included:

BP20-55
374.7 metres at 0.3 per cent nickel, 0.01 per cent copper, 0.01 per cent cobalt and 0.07g/t PGE from 2m, including 49m at 0.45 per cent nickel, 0.04 per cent copper, 0.01 per cent cobalt and 0.17g/t PGE from 2m;

The Ban Phuc DSS deposit is anticipated to underpin the Upstream Business Unit (UBU) PFS due later this calendar year.

Completion of the final infill drilling program is aimed at increasing the confidence of the existing JORC resource of:
Indicated Mineral Resource of 44.3 million tonnes at 0.52 per cent nickel for 229,000 tonnes nickel; and
Inferred Mineral Resource of 14.3 million tonnes at 0.35 per cent nickel for 50,000 tonnes nickel.

“The high tenor of results from the final infill drilling program increases the confidence of the resource at Ban Phuc, and the mine plan that will underpin Blackstone’s UBU PFS,” Blackstone Minerals managing director Scott Williamson said.

“In the relatively short amount of time since acquiring the Ta Khoa nickel-copper-PGE project, Blackstone has been able to define a large, disseminated sulphide deposit which considerably adds to the security of supply for the company’s vertically integrated downstream refinery.”

Blackstone followed this up by announcing the appointment of leading independent advisors to arrange debt financing for the development of the vertically integrated Ta Khoa nickel-copper-PGE project and Downstream Refinery project (Ta Khoa Project).

The Korea Development Bank (KDB) and BurnVoir Corporate Finance (BurnVoir) will act jointly and in collaboration with Blackstone to secure an attractive, flexible funding package for the development of the Ta Khoa project.

“KDB and BurnVoir bring their respective strengths across the lithium-ion battery value chain, including strong relationships with potential customers of the Ta Khoa Downstream Refinery,” Williamson said.

“Both KDB and BurnVoir have extensive experience in arranging development funding for quality projects, and their involvement in the Ta Khoa project is an endorsement of Blackstone’s strategy and ability to execute.”

 

Email: admin@blackstoneminerals.com.au

 

Web: www.blackstoneminerals.com.au

 

 

Blackstone Minerals Encounters 375m Nickel Hit at Ban Phuc

THE DRILL SERGEANT: Blackstone Minerals (ASX: BSX) reported results from the final infill drill program at the Ban Phuc DSS deposit at the company’s Ta Khoa nickel–copper-PGE project in Northern Vietnam.

Blackstone Minerals declared the drilling had achieved some of the best broad DSS intersections to date at Ban Phuc, including a 375 metres nickel sulphide intersection to further demonstrate the large bulk tonnage potential of the Ban Phuc disseminated (DSS) deposit.

Latest results from Ban Phuc included:

BP20-55
374.7 metres at 0.3 per cent nickel, 0.01 per cent copper, 0.01 per cent cobalt and 0.07g/t PGE from 2m, including 49m at 0.45 per cent nickel, 0.04 per cent copper, 0.01 per cent cobalt and 0.17g/t PGE from 2m;

BP20-57
211.38m at 0.43 per cent nickel, 0.03 per cent copper, 0.01 per cent cobalt and 0.13g/t PGE from 111.62m, including 52.24m at 0.74 per cent nickel, 0.11 per cent copper, 0.01 per cent cobalt and 0.31g/t PGE1 from 241m;

BP21-17
156.25m at 0.5 per cent nickel, 0.07 per cent copper, 0.01 per cent cobalt and 0.15g/t PGE from 79.75m, including 31.05m at 0.75 per cent nickel, 0.14 per cent copper, 0.01 per cent cobalt and 0.26g/t PGE from 83.75m;

BP21-31
169m at 0.43 per cent nickel, 0.04 per cent copper, 0.01 per cent cobalt and 0.15g/t PGE from 62m, including 10.3m at 1.13 per cent nickel, 0.18 per cent copper, 0.02 per cent cobalt and 0.48g/t PGE from 98m; and

BP21-35
52m at 0.79 per cent nickel, 0.1 per cent copper, 0.01 per cent cobalt and 0.26g/t PGE from 22m, including 30m at 1.1 per cent nickel, 0.14 per cent copper, 0.02 per cent cobalt and 0.41g/t PGE from 40m;

The Ban Phuc DSS deposit is anticipated to underpin the Upstream Business Unit (UBU) PFS due later this calendar year.

Completion of the final infill drilling program is aimed at increasing the confidence of the existing JORC resource of:

Indicated Mineral Resource of 44.3 million tonnes at 0.52 per cent nickel for 229,000 tonnes nickel; and
Inferred Mineral Resource of 14.3 million tonnes at 0.35 per cent nickel for 50,000 tonnes nickel.

“The high tenor of results from the final infill drilling program increases the confidence of the resource at Ban Phuc, and the mine plan that will underpin Blackstone’s UBU PFS,” Blackstone Minerals managing director Scott Williamson said in the company’s ASX announcement.

“In the relatively short amount of time since acquiring the Ta Khoa nickel-copper-PGE project, Blackstone has been able to define a large, disseminated sulphide deposit which considerably adds to the security of supply for the company’s vertically integrated downstream refinery.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@blackstoneminerals.com.au

 

Web: www.blackstoneminerals.com.au

 

Blackstone Minerals Advances to Pilot Plant and Ta Khoa Refinery DFS

THE DRILL SERGEANT: There was considerable activity at the Blackstone Minerals (ASX: BSX) exhibition booth at the 2021 Diggers & Dealers Forum in Kalgoorlie after the company announced it is set to commence the first phase of pilot plant work and a Definitive Feasibility Study (DFS) for the Ta Khoa Refinery (TKR) in northern Vietnam.

The decision to proceed with the DFS comes on the back of the company’s recent Ta Khoa Refinery Pre-Feasibility Study.

The first phase of piloting will be designed to process 20 kilograms per hour of nickel concentrate feed and will produce approximately 1.75kg per hour of nickel in nickel:cobalt:manganese (NCM) products.

“The Board’s endorsement of the recent PFS milestone has been rapidly followed by approval of the first phase of piloting and the Ta Khoa Refinery DFS,” Blackstone Minerals managing director Scott Williamson said in the company’s ASX announcement.

“The pilot plant process is an opportunity for Blackstone to optimise, with respect to quantity and quality, recent successful outcomes which include the production of its first battery grade NCM811 Precursor sample.

“The company is acutely aware of its first mover advantage and importantly, will be able to deploy its current balance sheet to continue to fast track the next important stages towards commercialisation of the Ta Khoa Refinery.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@blackstoneminerals.com.au

 

Web: www.blackstoneminerals.com.au

 

Blackstone Minerals PFS Boosts Downstream Refinery Ambitions

THE BOURSE WHISPERER: Blackstone Minerals (ASX: BSX) released the results of a Pre-Feasibility Study (PFS) for the development of a Downstream Refinery at the company’s Ta Khoa Refinery project in Northern Vietnam.

The PFS emphasises the competitive advantages of nickel sulphide projects and adding value via an integrated downstream processing strategy.

In doing so, the PFS demonstrates that a very low capital intensity is required for the TKR to produce Class I nickel at a scale that would make Blackstone a producer on a global scale.

The PFS considers a refinery design to process up to 400,000 tonnes per annum (Base Case) of nickel concentrate, confirming a technically and economically robust flow sheet to upgrade nickel sulphide concentrate to produce battery grade NCM811 Precursor for the lithium-ion battery industry.

“The Base Case PFS financial outcomes are compelling based on an NCM811 Precursor price forecast that is conservative compared to current observable market rates,” Blackstone Minerals managing director Scott Williamson said in the company’s ASX announcement.

“The internal rate of return on capital invested is exceptional for the Base Case, owing to very low capital intensity, a significant premium available when upgrading nickel sulphide concentrates into battery grade NCM811 Precursor and the competitive operating advantages in Vietnam, which include access to low-cost renewable hydro power.

“Blackstone is very pleased by the level of collaboration with the Vietnamese Government to progress the company’s downstream refinery.

“As part of the PFS Blackstone completed a location study to identify preferred Refinery locations, with each of the shortlisted potential Refinery locations offering significant corporate tax incentives.

“The corporate tax incentives offered are a strong signal for the Vietnamese Government support for Foreign Direct Investment and Blackstone’s downstream refinery strategy.

“The Base Case Refinery represents Management’s view of the scale of operations that could over time, through exploration success, be supported by the company’s existing nickel sulphide mineralised landholdings.

“Economics have been presented assuming a ten-year life-of-operations, aligned with known and desired life-of-mine for 3PF concentrate sources that Blackstone aims to secure offtake.

“Management considers the more likely scenario is that the Refinery life will extend beyond ten years.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@blackstoneminerals.com.au

 

Web: www.blackstoneminerals.com.au

 

Blackstone Minerals Confirms King Snake Extension

THE DRILL SERGEANT: Blackstone Minerals (ASX: BSX) reported further assay results from drilling at the King Snake Massive Sulphide Vein (MSV) prospect within the company’s Ta Khoa nickel-copper-PGE project in Northern Vietnam.

King Snake is a high-priority MSV target at the Ta Khoa project that has produced continued excellent resource extension drilling results.

The latest drilling has carried on that trend, returning:

KS21-10
2.62 metres at 1.54 per cent nickel, 2.01 per cent copper, 0.06 per cent cobalt and 5.16 grams per tonne PGE from 254.08m, including 0.62m at 3 per cent nickel, 0.84 per cent copper, 0.11 per cent cobalt and 3.36g/t PGE from 254.08m;

KS21-11
2.92m at 0.9 per cent nickel, 0.54 per cent copper, 0.04 per cent cobalt and 1.6g/t PGE from 267.63m, including 1.67m at 1.33 per cent nickel, 0.67 per cent copper, 0.05 per cent cobalt and 1.17g/t PGE from 267.63m;

KS21-12
1.9m at 1 per cent nickel, 0.27 per cent copper, 0.04 per cent cobalt and 1.48g/t PGE from 349.9m, including 0.85m at 1.45 per cent nickel, 0.41 per cent copper, 0.05 per cent cobalt and 1.91g/t PGE from 349.9m; and

KS21-13
1.12m at 0.48 per cent nickel, 0.2 per cent copper, 0.02 per cent cobalt and 0.71g/t PGE from 243.58m, including 0.32m at 1.09 per cent nickel, 0.45 per cent copper, 0.04 per cent cobalt and 0.93g/t PGE from 243.58m.

Blackstone claimed the new intersections achieved in KS21-11 and KS21-12 together with historic drill results have defined a strike length of approx. 900m at King Snake which includes MSV, semi-massive sulphide vein (SMSV) and disseminated sulphides (DSS).

The King Snake MSV prospect remains on track for inclusion in the company’s Upstream Business Unit (UBU) PFS due later this year.

“King Snake is our most exciting active MSV drill target and we are pleased that it continues to deliver excellent results,” Blackstone Minerals managing director Scott Williamson said in the company’s ASX announcement.

“The latest drill results have extended strike at the King Snake prospect and we look forward to assessing the outcomes of DHEM currently being performed by our in-house geophysics team.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@blackstoneminerals.com.au

 

Web: www.blackstoneminerals.com.au

 

Blackstone Minerals Keeps Ta Khoa Drills Spinning

THE DRILL SERGEANT: Blackstone Minerals (ASX: BSX) reported a hattrick of drilling results from its Massive Sulphide Vein (MSV) prospects at the company’s Ta Khoa nickel-copper-PGE project in North Vietnam.

At the Taipan Discovery Zone (TDZ), aka Ta Cuong, the discovery hole TC21-03 returned assays for nickel, copper, cobalt and platinum group elements (PGEs) across 35.25m of continuous mineralisation.

TC21-03
35.25 metres at 0.9 per cent nickel, 0.6 per cent copper, 0.05 per cent cobalt and 0.5 grams per tonne PGE from 18.35m, including 20.4m at 1.35 per cent nickel, 0.8 per cent copper, 0.07 per cent cobalt and 0.72g/t PGE from 27m.

Further assays were received from King Snake, following several visual occurrences of high-grade MSV, as well as initial confirmation of high-grade nickel, copper and PGEs.

Results targeting resource extensions at King Snake confirm its potential to add to Blackstone’s MSV mining inventory and supports the restart of the existing 450,000 tonnes per annum concentrator.

Results from King Snake include:

KS20-03
5.55m at 1.35 per cent nickel, 0.45 per cent copper, 0.05 per cent cobalt and 1.28g/t PGE from 204m, including 1.19m at 3.56 per cent nickel, 0.98 per cent copper, 0.13 per cent cobalt and 3.1g/t PGE from 205.38m;

KS21-04
10.45m at 0.32 per cent nickel, 0.22 per cent copper, 0.02 per cent cobalt and 0.33g/t PGE from 194m, including 0.63m at 3.77 per cent nickel, 2.11 per cent copper, 0.15 per cent cobalt and 2.33g/t PGE from 202.8m; and

KS21-06
3.13m at 1.23 per cent nickel, 0.75 per cent copper, 0.04 per cent cobalt and 2.03g/t PGE from 184.87m, including 1.12m at 2.19 per cent nickel, 0.93 per cent copper, 0.07 per cent cobalt and 2.72g/t PGE from 185.18m.

Infill drilling has been ongoing at the Ban Chang MSV prospect to support resource estimations and mining studies that will be incorporated into the Upstream Business Unit Pre-Feasibility Study (PFS).

Assay results for the Ban Chang MSV prospect include:

BC21-09
18.28m at 0.44 per cent nickel, 0.41 per cent copper, 0.03 per cent cobalt and 0.31g/t PGE from 64.72m, including 5.65m at 1.07 per cent nickel, 0.53 per cent copper, 0.06 per cent cobalt and 0.51g/t PGE from 68.75m;

BC21-10
15.3m at 0.72 per cent nickel, 0.45 per cent copper, 0.04 per cent cobalt and 0.36g/t PGE from 42.3m, including 5.01m at 1.67 per cent nickel, 1.01 per cent copper, 0.09 per cent cobalt and 0.95g/t PGE from 50.62m;

BC21-11
12.55m at 0.57 per cent nickel, 0.42 per cent copper, 0.03 per cent cobalt and 0.38g/t PGE from 43.1m, including 3.1m at 1.16 per cent nickel, 0.95 per cent copper, 0.06 per cent cobalt and 0.67g/t PGE from 46.9m; and

BC21-12
19.27m at 0.35 per cent nickel, 0.23 per cent copper, 0.02 per cent cobalt and 0.16g/t PGE from 23.73m, including 3.75m at 1.02 per cent nickel, 0.67 per cent copper, 0.06 per cent cobalt and 0.43g/t PGE from 37m.

“Ban Chang, King Snake and Ta Cuong are targeted for inclusion in the Upstream Business Unit PFS, which will incorporate restarting the existing 450,000 tonnes per annum concentrator on higher grade MSV feed,” Blackstone Minerals managing director Scott Williamson said in the company’s ASX announcement.

“This will enable significant capital expenditure to be deferred for the 4 to 6 million tonnes per annum concentrator designed to treat our larger bulk disseminated orebodies such as Ban Phuc.

“We will continue to test additional MSV targets throughout the Ta Khoa district to build an inventory of high-grade feedstock for our downstream refinery business.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@blackstoneminerals.com.au

 

Web: www.blackstoneminerals.com.au

 

Blackstone Minerals Announces Gold Asset Spin Out

THE BOURSE WHISPERER: Blackstone Minerals (ASX: BSX) caught punters at the 2021 RIU Sydney Resources Roundup on the hop by taking time from its presentation slot to announce that its wholly owned subsidiary, Codrus Minerals, has lodged a Prospectus with ASIC to raise $5 million in new equity via an IPO and ASX Listing.

Codrus Minerals has lodged its IPO prospectus with ASIC to raise a minimum of $5 million and a maximum of $8 million with the aim of becoming a highly prospective gold company with the spin-out of Blackstone’s Western Australian gold assets, including the Silver Swan South project, Red Gate project and the Middle Creek project.

Codrus’ portfolio is also to include the Bull Run project in Oregon USA, consisting of 90 claims in Baker County in Eastern Oregon, prospective for gold and has been mined since 1929.

“We are delighted to announce the IPO Prospectus for Codrus, enabling Blackstone to create shareholder value with a valuation of $7 million in new Codrus shares received from the non-core gold portfolio, while we remain focused on our Ta Khoa nickel-PGE-copper-cobalt project in Vietnam as well as retaining the Gold Bridge project in Canada,” Blackstone Minerals managing director Scott Williamson said in the company’s ASX announcement.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@blackstoneminerals.com.au

 

Web: www.blackstoneminerals.com.au

 

Scott Williamson Blackstone Minerals (ASX: BSX) April 2021

Blackstone Minerals’ (ASX: BSX) recent exploration success at the company’s Ta Khoa project in North Vietnam combined with strong indicative demand for planned downstream products has led to the company adjusting its current ongoing Pre-Feasibility Study (PFS) to consider some meaningful expansion to the proposed downstream refining capacity.