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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.

Blackstone Minerals Confirms King Snake High-Grades

THE DRILL SERGEANT: Blackstone Minerals (ASX: BSX) has confirmed high-grade massive sulphide nickel, copper and PGEs at the King Snake deposit within the company’s Ta Khoa nickel project in North Vietnam.

Blackstone Minerals made the announcement on the back of recent assay results received from drilling at King Snake that included the first drill holes completed at the deposit.

Blackstone considers King Snake to have excellent potential to add to the company’s Massive Sulphide Vein (MSV) mining inventory while supporting the restart of the existing 450,000 tonnes per annum concentrator.

The first two drill holes at King Snake returned:

KS20-01A
0.6 metres at 2.79 per cent nickel, 3.81 per cent copper, 0.1 per cent cobalt and 4.85g/t PGE from 193.05m; and

KS20-02
5.88m at 1.22 per cent nickel, 0.49 per cent copper, 0.04 per cent cobalt and 4.67g/t PGE from 131.74m, including 1.81m at 0.77 per cent nickel, 0.44 per cent copper, 0.03 per cent cobalt
and
12.53g/t PGE from 131.74m 1.18m at 3.72 per cent nickel, 0.84 per cent copper, 0.12 per cent cobalt and2.41g/t PGE1 from 135.47m.

“The first results from King Snake represent some of highest tenor massive sulphide intersections that Blackstone has achieved to date,” Blackstone Minerals managing director Scott Williamson said in the company’s ASX announcement.

“The new discovery remains open and we are dedicating resources to ensure that we test the full extent of mineralisation at King Snake and build a mining inventory to be included as part of ongoing studies.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@blackstoneminerals.com.au

 

Web: www.blackstoneminerals.com.au

 

Blackstone Minerals Records New Vietnam VMS Discovery

THE DRILL SERGEANT: Blackstone Minerals (ASX: BSX) announced a new discovery within the company’s Ta Khoa nickel–copper-PGE project in Vietnam.

Blackstone Minerals’ latest discovery of new sulphide mineralisation is in a previously untested zone within an area called the Ta Cuong prospect.

The Taipan Discovery Zone (TDZ) – within Ta Cuong – was discovered by hole TC21-03 and features 39.7 metres of continuous disseminated sulphide (DSS), semi-massive sulphide vein (SMSV) and massive sulphide vein (MSV) unweathered mineralisation from 15.15m.

The discovery was made in the first drill-hole of a previously untested zone within the Ta Cuong prospect, as a result of ongoing systematic testing of mapped Electromagnetic (EM) conductors.

“We are very pleased to report a significant discovery at Ta Cuong,” Blackstone Minerals managing director Scott Williamson said in the company’s ASX announcement.

“The discovery hole at TDZ is one of the best Blackstone has delivered on its MSV targets.

“The TDZ remains open along strike and significantly adds momentum to the MSV strategy at Ta Khoa.

“So far, all three priority MSV targets have delivered impressive and high value intersections.

“We are excited to be systematically unveiling the potential of the Ta Khoa nickel-copper-PGE district and will continue an aggressive exploration program, representing the most cost-effective and value accretive pathway to secure supply for our downstream business.”

Blackstone considers Ta Cuong, and now the TDZ within it, to have potential to add to its massive sulphide mining inventory, providing further impetus for the restart of the company’s existing 450,000 tonnes concentrator.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@blackstoneminerals.com.au

 

Web: www.blackstonemeinerals.com.au

 

Scott Williamson Blackstone Minerals (ASX: BSX) February 2021

Blackstone Minerals (ASX: BSX) is set to become an important player in the downstream processing sector of the Asian battery metals industry. Blackstone Minerals managing director Scott Williamson zoomed into The Resources Roadhouse to explain how this is being achieved.

Blackstone Minerals Hits Massive Sulphide Nickel at King Snake

THE DRILL SERGEANT: Blackstone Minerals (ASX BSX) has hit Massive Sulphide Vein (MSV) mineralisation in multiple drill holes from its maiden exploration program at the King Snake prospect at the company’s Ta Khoa nickel project in Vietnam.

Blackstone Minerals declared that its immediate success at King Snake reaffirms the prospectivity of the region and the company’s strategy in defining high-grade nickel targets using Electro-magnetic (EM) geophysical techniques.

Blackstone has commenced the maiden resource estimate for the Ban Chang prospect and continues drilling at Ban Phuc, Ban Chang, Ta Cuong, Ban Khoa and King Snake.

“Our investment into targeting higher grade MSV deposits within the Ta Khoa district continues to pay dividends,” Blackstone Minerals managing director Scott Williamson said in the company’s ASX announcement.

“We will pursue an aggressive drilling program at King Snake as we look to build a high grade MSV mining inventory to support the restart of the existing 450,000 tonnes per annum Ban Phuc concentrator.

“The drill bit continues to highlight the district scale opportunity at Ta Khoa, which we are confident will provide many years of consistent high-quality nickel-copper-PGE concentrates to our planned downstream refinery business.

“Our in-house geophysics team has a proven track record with success at Ban Chang following up immediately at King Snake.

“We look forward to delivering maiden resources at each of these prospects and continuing to systematically assess up to 25 MSV targets in the Ta Khoa pipeline.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@blackstoneminerals.com.au

 

Web: www.blackstoneminerals.com.au

 

Blackstone Minerals Signs on for Ta Khoa Downstream Refining

THE BOURSE WHISPERER: Blackstone Minerals (ASX: BSX) improved its chances of upscaling its downstream refining business and realising its vision to become a global supplier of downstream nickel products for the Lithium-ion battery industry.

Blackstone Minerals has signed a Non-Binding Letter of Interest (LOI) with Trafigura Pte Ltd one of the largest physical commodities trading groups in the world and one of the leading physical commodities traders involved in copper, zinc, lead, nickel and cobalt trading.

The LOI relates to a potential agreement for Trafigura to supply nickel and cobalt products to Blackstone, which will supply downstream products for the Lithium-ion battery industry from the company’s Ta Khoa nickel project in Vietnam.

“We are delighted to have laid the foundations for our relationship with Trafigura, a globally significant trading company,” Blackstone Minerals managing director Scott Williamson said in the company’s ASX announcement.

“Blackstone is taking steps to become a significant global, green nickel product supplier catering to the battery market.

“We believe Vietnam is ideally situated to manufacture green nickel products, given its competitive costs, abundant supply of renewable energy and excellent infrastructure.

“In recent years, the country has demonstrated an enviable record of attracting foreign direct investment, particularly from Asian countries.

“In addition, our strategy to upscale the downstream business is particularly pertinent, given leading battery manufacturers have indicated the potential to construct battery manufactory facilities in country.

“The economic return on capital invested downstream is underpinned by superior margins achieved by producing downstream products.

“We are confident we can deliver a robust downstream processing flow sheet, enabling value to be realised from our mining inventory at Ta Khoa, as well by purchasing and subsequently refining of a range of nickel and cobalt materials.

“The purchase of third-party nickel & cobalt materials not only adds scale to the downstream business, it also adds diversification and reduces risk across the company’s portfolio of assets in Vietnam.”

 

TO READ THE ANNOUNCEMENT IN FULL: CLICK HERE

 

Email: admin@blackstoneminerals.com.au

Web: www.blackstoneminerals.com.au

 

Adjustments Expected, But Rules to Stay the Same

THE CONFERENCE CALLER: The face of the global minerals sector may well be changing as it adjusts to the growing demands of the burgeoning de-carbonated market, but some of the industry’s key investment fundamentals will no doubt remain in place moving forward. By Mark Fraser

If Vertical Events’ 2020 New World Metals (NWM) Conference showed punters anything, it’s that while the next generation of miners are expecting to act a little differently than their older peers when it comes to achieving acceptable environmental outcomes, they will nevertheless continue playing by some of the traditional rules if they want to launch new mineral projects.

Factors such as location, geology and global demand will still have a role to play when it comes to raising finance for exploration and mining ventures, even as so-called modern issues pertaining to sustainability and long-term supply dynamics suck up more air time.

This all became apparent during some of the forum’s nickel presentations as they separately ventured into both old fashioned and new frontier corporate territories.

In the case of Western Australian explorer Estrella Resources (ASX: ESR) – which is hoping to break into the battery and electric vehicle (EV) markets via its wholly-owned Carr Boyd nickel-copper sulphide project located some 80 kilometres north-north east of regional mining hub Kalgoorlie-Boulder in WA – its current approach to life couldn’t be more conventional.

Unlike many of the other juniors presenting at the Perth show, Estrella didn’t mention much about potential off-take partners or highlight the technologies it might look to when processing the ore it eventually expects to dig up.

Rather, its initial agenda is quite straight-forward – to “unlock nickel sulphide potential and build shareholder value” in a Tier-1 mining jurisdiction.

Comprising three mining and six exploration licences (as well as a “miscellaneous” one), Carr Boyd covers 259 square kilometres of continuous tenure on its namesake layered complex – a 75sqkm mafic igneous structure hosting several nickel and copper sulphide occurrences, with the most important being the Carr Boyd Rocks mine, which in its day (1973-1977 under the stewardship of WMC) yielded 202,100 tonnes of ore grading 1.43 per cent nickel and 0.46 per cent copper to produce a 9.7 per cent nickel concentrate.

At the moment Estrella’s money is on the T5 target.

Discovered last year, it was exposed after it and its surrounding area was subjected to some high powered moving-loop transient electromagnetic surveying and extensive geochemical auger drilling.

During 2020 diamond drilling down to 251 metres at T5 hit mineralisation at 165.2m, with interesting intercepts thus far including 3.8m at 0.48 per cent nickel and 0.31 per cent copper (with 0.4m at 1.12% nickel and 1.07% copper from 165.2m) as well as 0.4m at 0.33 per cent nickel and 0.28 per cent copper from 173.6m.

Not surprisingly, Estrella is now upping its field ante, with stage two drilling comprising 8 to 10 RC and diamond holes totalling 5000m over 40 by 40m spacings.

“We’ve currently got two rigs on site, increasing the camp, increasing the personnel, increasing the management teams, and that’s where we are today,” managing director Chris Daws told NWM delegates.

“And in the new year it will be rather interesting for us – we are well funded, and we’re highly leveraged, and we are going for a bit of success.”

Meanwhile, looming producer Blackstone Minerals (ASX: BSX) is also relying on some old school fundamentals as it advances its ultra-green and clean Ta Khoa nickel-platinum group element-cobalt project in Vietnam.

Like Estrella, Blackstone is essentially targeting the lithium-ion battery market.

Unlike the WA explorer, though, Blackstone is well advanced in its endeavours – so much so that South Korea’s largest cathode manufacturer, Ecopro, now has a significant stake (over 50%) in the company.

Although all of the basic building blocks of this (approximate) $1 billion new generation operation are stacking up – and it now has the production of a green critical mineral product (nickel sulphate) within its sights – Ta Khoa is still something of a traditional nickel play.

For a start it is essentially a brownfields project, with the existing mine having been originally tackled 2013-16, and the previous owners leaving behind some much-needed operational infrastructure.

Second, Ta Khoa’s mineralisation consists of nickel sulphides – it’s not lateritic like many other South East Asian deposits – meaning processing of the ore shouldn’t be too problematic or complicated.

Nor should adding to the project’s reserves, according to Blackstone boss Scott Williamson, who said the company currently had 25 massive outcropping sulphide targets that were undrilled at surface.

“This is like going into Kambalda 50 years ago, and we are just shooting fish in a barrel,” he mused.

“It’s systematic exploration – we have our own electromagnetics and geophysics crews, and we have nine drill rigs operating through this belt.”

Although this may have a blast-from-the-past ring about it, Blackstone is expecting to get with the times and confirm its green credentials by hooking Ta Khoa up with South East Asia’s largest hydroelectric power plant, a renewable resource which is “right on our doorstep.”

“This is why we believe we’ve got this ability to produce a green nickel product,” Williamson noted.

“When you are producing your metals for lithium-ion batteries, it’s important to understand how much carbon is being burnt and whether there is renewable power in that process of producing those metals.

“We’ve got this opportunity.”

One outfit which is looking to produce critical green metals sourcing nickel lateritic ore, though, is the dual-listed Clean TeQ (ASX: CLQ, TSX: QTCQX and CTEQF), which is developing the Sunrise battery minerals project in mining-friendly central New South Wales – again to service the global automobile sector.

Like Williamson, Clean Teq chief executive Sam Riggall (with the help of a video presentation) was keen to look at basic project fundamentals and potential markets.

His comments about the future of the AV industry, however, suggested that the new crop of ASX listed mining developers will need to take a more holistic view of supply chain dynamics when it came to managing risk – even if it involves becoming familiar with the machinations of another sector.

“If there is one message I would like to leave you with today, it’s that the cost of integration is actually very high if car makers don’t get this right,” Riggall said.

“In other words, we believe that in the next few years it’s highly likely we’ll see one or two global car makers make a decision about investment in raw materials.

“There is absolutely no way, even if you can secure the metals you need, that you can insulate yourself from … pricing and costs risks unless you have some form of ownership of the raw materials.

“This is obviously not a message that car makers like to hear, but it is the reality.”

 

Blackstone Minerals Continues King Cobra and Ban Chang Drilling Success

THE DRILL SERGEANT: Blackstone Minerals (ASX: BSX) is enjoying continued drilling success at the King Cobra and Ban Chang deposits at the company’s Ta Khoa nickel-copper-PGE project in Vietnam.

Infill and extensional drilling results from the King Cobra discovery Zone (KCZ) has delivered some of the best intercepts the company has achieved to date and has upgraded confidence in the Ban Phuc Disseminated Sulphide (DSS) deposit.

Intercepts from current reporting at KCZ and Ban Phuc include:

BP20-30
127.2 metres at 0.38 per cent nickel, 0.03 per cent copper, 0.01 per cent cobalt and 0.09 grams per tonne PGE (Platinum + Palladium + Gold) from 20.65m, including 14.45m at 0.77 per cent nickel, 0.15 per cent copper, 0.02 per cent cobalt and 0.18g/t PGE from 122.7m;

BP20-31
21.3m at 0.71 per cent nickel, 0.09 per cent copper, 0.01 per cent cobalt and 0.18g/t PGE from 48.7m, including 11m at 0.95 per cent nickel, 0.13 per cent copper, 0.01 per cent cobalt and 0.24g/t PGE from 59m;

BP20-32
149.2m at 0.42 per cent nickel, 0.06 per cent copper, 0.01 per cent cobalt and 0.08g/t PGE from 3m;

BP20-34
127.6m at 1.17 per cent nickel, 0.22 per cent copper, 0.02 per cent cobalt and 0.24g/t PGE from 14m, including 85m at 1.36 per cent nickel, 0.27 per cent copper, 0.03 per cent cobalt and 0.25g/t PGE from 22m;

BP20-35
96.1m at 0.83 per cent nickel, 0.17 per cent copper, 0.02 per cent cobalt and 0.26g/t PGE from 18.4m, including 50.2m at 1.05 per cent nickel, 0.2 per cent copper, 0.02 per cent cobalt and 0.4g/t PGE from 45m; and

BP20-39
166.1m at 0.75 per cent nickel, 0.16 per cent copper, 0.01 per cent cobalt and 0.29g/t PGE from 6.3m, including 79.8m at 1.12 per cent nickel, 0.27 per cent copper, 0.02 per cent cobalt and 0.45g/t PGE from 10.5m.

Intercepts from current reporting at Ban Chang include:

BC20-16
5.65m at 1.04 per cent nickel, 1.16 per cent copper, 0.05 per cent cobalt and 0.71g/t PGE from 55.1m, including 1.92m at 2.1 per cent nickel, 2.56 per cent copper, 0.11 per cent cobalt and 1.46g/t PGE from 58.9m;

BC20-19
15.8m at 0.47 per cent nickel, 0.25 per cent copper, 0.03 per cent cobalt and 0.21g/t PGE from 41.8m, including 1.9m at 1.21 per cent nickel, 0.48 per cent copper, 0.07 per cent cobalt and 0.7g/t PGE from 55.6m;

BC20-20
3.85m at 0.81 per cent nickel, 0.57 per cent copper, 0.05 per cent cobalt and 0.36g/t PGE from 46.0m, including 1.7m at 1.45 per cent nickel, 1.08 per cent copper, 0.08 per cent cobalt and 0.60g/t PGE from 48.15m; and

BC20-26
16.3m at 0.58 per cent nickel, 0.37 per cent copper, 0.04 per cent cobalt and 0.3g/t PGE from 54m, including 0.55m at 1.49 per cent nickel, 1.63 per cent copper, 0.09 per cent cobalt and 0.49g/t PGE from 62.9m.

“Successful infill and extensional drilling at KCZ continues to deliver broad, consistent mineralisation and increases confidence in the compelling metrics presented in our recent Scoping Study,” Blackstone Minerals managing director Scott Williamson said in the company’s ASX announcement.

“The drilling results reinforce our view that the project benefits from higher grades of the KCZ which can be accessed in the early years.

“Blackstone will continue to systematically test our 25 MSV prospects, and a maiden resource at the company’s first such target, Ban Chang, is being targeted for the first quarter of 2021.

“Through the delineation of additional MSV deposits, we see potential to increase annual nickel production and reduce initial capital requirements via a staged approach which would involve Blackstone utilising the existing 450,000 tonnes per annum concentrator at Ta Khoa.”

The Ban Phuc DSS deposit underpins the company’s maiden Indicated Mineral Resource of 44.3 million tonnes at 0.52 per cent nickel for 229,000 tonnes nickel and recently announced Scoping Study which demonstrates an economically robust nickel sulphide project to produce downstream nickel:cobalt:manganese (NCM) precursor products for the Lithium-ion battery industry.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Email: admin@blackstoneminerals.com.au

 

Web: www.blackstoneminerals.com.au

 

Scott Williams Blackstone Minerals (ASX: BSX) November 2020

 

 

Blackstone Minerals (ASX: BSX) is drilling satellite prospects at the company’s Ta Khoa nickel-copper-PGE project in Vietnam as it targets high-grade ore for a staged capex strategy to re-energise the project’s existing 450,000 tonnes per annum concentrator. Blackstone managing director Scott Williamson ZOOMed into The Resources Roadhouse to update us on how things are progressing.

 

 

Blackstone Minerals Drilling at Ban Phuc

THE DRILL SERGEANT: Blackstone Minerals (ASX: BSX) has kicked off a new round of drilling at the company’s Ta Khoa nickel-copper-PGE project in Vietnam.

Blackstone Minerals is drilling at the Ban Khoa nickel-copper-PGE prospect that sits around 1.5 kilometres from the project’s main Ban Phuc deposit.

The company considers the Ban Khoa prospect to be analogous to the Ban Phuc disseminated sulphide (DSS) orebody where the company made the King Cobra discovery, at which it has previously announced a maiden 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.

“We are very excited to commence exploration at Ban Khoa,” Blackstone Minerals managing director Scott Williamson said in the company’s ASX announcement.

“Based on geological similarities and historical results, we believe it has the potential to deliver similar results to Ban Phuc.

“The geology at Ban Khoa is relatively well-understood given the historic drillings and we have refined our targets using modern geophysics.

“Exploration success here could add meaningful inventory, extend mine life and improve the economics demonstrated in our recently completed scoping study.

“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 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 Ban Phuc DSS and King Cobra discovery zone.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@blackstoneminerals.com.au

 

Web: www.blackstoneminerals.com.au