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BLACKSTONE MINERALS LIMITED - Corporate Spotlight

BSX, an international portfolio of battery and precious metals exploration projects.... BSX, an international portfolio of battery and precious metals exploration projects. BSX’s core focus is the Ta Khoa Project located in SE Asia's premiere nickel sulfide district, where drilling has intersected substantial disseminated mineralisation including 45.5m @ 1.2% nickel sulfides.More

Corporate Spotlight

BSX, an international portfolio of battery and precious metals exploration projects. BSX’s core focus is the Ta Khoa Project located in SE Asia's premiere nickel sulfide district, where drilling has intersected substantial disseminated mineralisation including 45.5m @ 1.2% nickel sulfides.
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BSX HITS 5.35M NICKEL SULPHIDES AT BAN CHANG

BSX BEGINS DRILLING AT KING SNAKE

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Blackstone Minerals (ASX:BSX) begins drilling at King Snake

Mining

ASX:BSX
Blackstone Minerals (ASX:BSX) - - The Market Herald
Part of the Ta Khoa Nickel-Copper-Platinum Group Element (PGE) Project. Source: Blackstone Minerals

  • Blackstone Minerals (BSX) begins infill drilling at the King Snake Prospect and already achieves success in hole KS21-34
  • Drilling will focus on electromagnetic targets which extend down plunge and to the west of historical drilling
  • Hole KS21-34 was the most successful and intersected 8.5 metres of massive sulphide vein, semi-massive sulphide vein and net textured sulphide
  • The work also intersected up to 2.87 per cent nickel, 2.21 per cent copper, 0.09 per cent cobalt, and 3.7 grams of platinum group elements per tonne

Blackstone Minerals (BSX) has begun infill drilling at the King Snake Prospect and has already achieved success in hole KS21-34.


The King Snake Prospect is part of the Ta Khoa Nickel-Copper-Platinum Group Element (PGE) Project which lies 160 kilometres west of Hanoi in Vietnam.


Drilling at King Snake will focus on electromagnetic (EM) targets which extend down plunge and to the west of historical drilling.


Hole KS21-34 was the most successful and intersected 8.5 metres of massive sulphide vein (MSV), semi-massive sulphide vein (SMSV) and net textured sulphide (NTS).


Other results include 1.16 metres at 1.06 per cent nickel, 2.21 per cent copper, 0.04 per cent cobalt and 3.7 grams of PGE per tonne (g/t) from 42.34 metres; and 0.55 metres at 2.87 per cent nickel, 1.05 per cent copper, 0.1 per cent cobalt and 2.4g/t PGE from 209.45 metres.


Managing Director Scott Williamson is pleased with the results.


"Blackstone's initial geophysical assessment has been confirmed with mineralisation extending over a strike length close to one kilometre, while continuing to plunge deeper to the west," he said.


"Importantly, the results to date provide a solid foundation to commence mine planning and incorporate the King Snake target into our upcoming UBU pre-feasibility study."


Read the Full Article on The Market Herald here

BSX HITS 5.35M NICKEL SULPHIDES

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Blackstone Minerals (ASX:BSX) hits 5.35m of nickel sulphides at Ban Chang

Mining

ASX:BSX
Blackstone Minerals (ASX:BSX) hits 5.35m of nickel sulphides at Ban Chang
Source: Blackstone Minerals

  • Blackstone Minerals (BSX) intersects 5.35 metres of massive nickel sulphides at the Ban Chang prospect in Vietnam
  • Drilling at Ban Chang identifies multiple massive sulphide lenses which are believed to be associated with dispersed sulphide zones
  • This work also intersected up to 2.49 per cent nickel, 1.57 per cent copper, 0.14 per cent cobalt and 1.41 grams per tonne (g/t) platinum group elements
  • A maiden resource estimate for Ban Chang is now expected to be completed in Q4 2021 and will be incorporated into the upcoming pre-feasibility study

Blackstone Minerals (BSX) has intersected 5.35 metres of massive nickel sulphides at the Ban Chang prospect in Vietnam.


The Ban Chang prospect is part of the Ta Khoa Nickel-Copper-Platinum Group Element (PGE) Project which lies 160 kilometres west of Hanoi.


Drilling at Ban Chang has identified multiple massive sulphide lenses which are believed to be associated with dispersed sulphide zones.


Best results come from hole BC21-66 which intersected the 5.35 metres of massive nickel sulphides.


Other results include 3.8 metres at 1.13 per cent nickel, 0.59 per cent copper, 0.06 per cent cobalt and 0.52 grams of PGE per tonne (g/t) from 92.5 metres, including 1.6 metres at 2.49 per cent nickel, 0.65 copper, 0.14 per cent cobalt and 1.01g/t PGE from 93 metres.


A maiden resource estimate for Ban Chang is now expected to be completed in Q4 2021 and will be incorporated into the upcoming pre-feasibility study (PFS).


Managing Director Scott Williamson commented on the drilling program.


"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," Mr Williamson said.


"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."


Read the Full Article on The Market Herald here

BSX GETS ENCOURAGING RESULTS F/ BAN KHOA

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Blackstone Minerals (ASX:BSX) gets encouraging results from Ban Khoa

Materials

ASX:BSX
Blackstone Minerals (ASX:BSX) - Managing Director, Scott Williamson - The Market Herald
Managing Director, Scott Williamson
Source: Blackstone Minerals

  • Blackstone Minerals (BSX) receives results from an initial drilling program at the Ban Khoa prospect within the Ta Khoa Project in Vietnam
  • Drilling intersects 147 metres of disseminated nickel sulphides at the prospect, which supports an upstream business unit (UBU) pre-feasibility study (PFS)
  • This work is assessing the potential to mine several higher grade deposits and restart the existing Ban Phuc Concentrator
  • Blackstone expects to complete the UBU PFS, which will include a maiden resource for the Ban Khoa prospect, before the end of the year

Blackstone Minerals (BSX) has received results from a maiden drilling program at the Ban Khoa prospect.


Ban Khoa is part of the northern Vietnam-based Ta Khoa Project, of which BSX owns a 90 per cent interest.


Best assays include 147 metres at 0.31 per cent nickel, 0.04 per cent copper, 0.01 per cent cobalt and 0.14 grams of platinum group elements (PGE) per tonne (g/t) from 62 metres, including 34.65 metres at 0.55 per cent nickel, 0.08 per cent copper, 0.01 per cent cobalt and 0.37g/t PGE from 103.7 metres.


Drilling at the prospect aimed to include Ban Khoa in the upcoming upstream business unit (UBU) pre-feasibility study (PFS).


The UBU PFS will assess the option to mine several higher grade massive sulphide vein (MSV) deposits which has the potential to reduce upfront capital costs by enabling BSX to restart the 450,000 tonnes per annum Ban Phuc Concentrator.


Managing Director Scott Williamson commented on the drill results.


"We are pleased to present the results of Blackstone’s first drill program at the Ban Khoa prospect. Ban Khoa is a bulk tonnage disseminated opportunity with excellent potential to complement mining and processing of material from the large Ban Phuc open pit orebody," he said.


The company is edging closer to delivering a maiden resource for the Ban Khoa prospect as part of the UBU PFS. This is expected to be completed before the end of the year.


"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."


Read the Full Article on The Market Herald here

BSX APPOINTS ADVISORS F/ TA KHOA FUNDING

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Blackstone Minerals (ASX:BSX) appoints advisors for Ta Khoa funding

Materials

ASX:BSX
MCAP $154.3M
Blackstone Minerals (ASX:BSX) appoints advisors for Ta Khoa funding
The Ta Khoa Project in Vietnam. Source: Blackstone Minerals

  • Blackstone Minerals (BSX) appoints Korea Development Bank and BurnVoir Corporate Finance to secure funding for the Ta Khoa project in Vietnam
  • BSX is building an integrated battery metals business to produce nickel cobalt and manganese precursor products for Asia's lithium-ion battery industry
  • The company says the independent advisors will ensure ongoing feasibility work is completed to the highest standard
  • The advisors also have strong relationships with potential customers of the Ta Khoa Downstream Refinery

Blackstone Minerals (BSX) has appointed two advisors to arrange debt financing for its Ta Khoa project in Vietnam.


The company has a 90 per cent interest in the nickel copper platinum group element project which is west of Hanoi and includes an existing modern nickel mine called Ban Phuc, which operated from 2013 to 2016.


The focus of BSX's project is to build an integrated upstream and downstream battery metals processing business in Vietnam that produces nickel cobalt and manganese precursor products for the lithium-ion battery industry in Asia.


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


KDB is a government-owned policy bank that provides financial support to its clients developing infrastructure projects.


Australian investment and advisory company BurnVoir is said to have experience in arranging finance across the energy, resources and infrastructure sectors.


Managing Director Scott Williamson said the collaboration with the independent advisors would ensure ongoing feasibility work was completed to the highest standard and withstood the rigour of independent due diligence.


Additionally, he commented that the two advisors had strengths across the lithium-ion batter chain which include strong relationships with potential customers of the Ta Khoa Downstream Refinery.


"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," Mr Williamson said.


Read the Full Article on The Market Herald here

BSX EXTENDS MASSIVE SULPHIDES KING SNAKE

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Blackstone Minerals (ASX:BSX) extends massive sulphides at King Snake

Materials

ASX:BSX
Blackstone Minerals (ASX:BSX) completes Ta Khoa scoping study
Source: Blackstone Minerals

  • Blackstone Minerals (BSX) has received a new round of results from drilling efforts at its King Snake Massive Sulphide Vein (MSV) prospect in Northern Vietnam
  • Drilling within the flagship Ta Khoa Nickel-Copper-PGE project is focussed on electro-magnetic targets which extend down plunge to the west of historic drilling
  • According to BSX, new intersections combined with historic drill results have defined a strike length of roughly 900 metres at the prospect
  • Notable grades include 1.54 per cent nickel, 2.01 per cent copper, 0.06 per cent cobalt and 5.16g/t platinum-palladium-gold

Blackstone Minerals (BSX) has received a new round of results from drilling efforts at its King Snake Massive Sulphide Vein (MSV) prospect in Northern Vietnam.


The King Snake target is a high priority MSV target at the company’s flagship Ta Khoa Nickel – Copper – PGE project, where drilling is focussed on electro-magnetic (EM) targets which extend down plunge to the west of historic drilling.


Notable intercepts include 2.62 metres at 1.54 per cent nickel, 2.01 per cent copper, 0.06 per cent cobalt and 5.16g/t platinum-palladium-gold from 254.08 metres including 0.62 metres at three per cent nickel, 0.84 per cent copper, 0.11 per cent cobalt & 3.36g/t platinum-palladium-gold from 254.08 metres.


According to BSX, new intersections combined with historic drill results have defined a strike length of roughly 900 metres at the prospect, including MSV, semi-massive sulphide vein (SMSV) and disseminated sulphides (DSS).


In terms of next steps, Blackstone is set to perform downhole EM surveys to inform infill drilling at King Snake in addition to seeking new sulphide targets at depth.


Blackstone Minerals’ Managing Director Scott Williamson said he was pleased the prospect continued to deliver excellent results.


"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," he commented.


Read the Full Article on The Market Herald here

BLACKSTONE MINERALS DELIVERS

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Blackstone Minerals Delivers Further Broad Nickel Sulfide Intersections at Ta Khoa

ASX Announcement 16 October 2019 


Highlights 

  • Second round of results from diamond drilling at the Ta Khoa Nickel Project in Northern Vietnam has delivered further substantial intersections of disseminated nickel sulfide as well as significant PGEs. The maiden drilling results from the latest six drill holes in the program include:



  • Drilling is ongoing with additional drill rigs mobilising soon; exploration will include both infill drilling, targeting the known Ban Phuc disseminated sulfide zone (DSS), as well as step out drilling, testing newly identified targets; 
  • Blackstone is fully funded to deliver a maiden resource and a scoping study incorporating downstream processing; 
  • Blackstone will now initiate an extensive geophysical program of electromagnetic (EM) and Induced Polarisation (IP) surveys to target further DSS and massive sulfide veins (MSV);


Blackstone Mineral’s Managing Director Scott Williamson commented: 

“Drilling at Ta Khoa continues to deliver significant intersections of disseminated Nickel sulfide 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 Minerals Limited (ASX code: BSX) is pleased to announce the second round of results from maiden drilling at the Ta Khoa Nickel Project in Northern Vietnam. The Ta Khoa Nickel Project is located 160km west of Hanoi (see Figure 4) 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 successfully operated as a mechanised underground nickel mine from 2013 to 2016. Blackstone’s maiden drilling has confirmed a significant unmined disseminated sulfide zone exists at Ban Phuc, with the next six drill holes from the Company’s maiden drill program delivering the following significant results: 


BP19-04 16.6 m @ 0.34% Ni, 0.04% Cu, 0.01% Co & 0.07 g/t PGE from 104.4 m 

BP19-05 15.8 m @ 0.57% Ni, 0.07% Cu, 0.01% Co & 0.26 g/t PGE from 118.2 m 

BP19-06 27.7 m @ 0.88% Ni, 0.09% Cu, 0.01% Co & 0.74 g/t PGE from 101.0 m 

BP19-08 29.4 m @ 1.00% Ni, 0.12% Cu, 0.02% Co & 0.60 g/t PGE from 140.6 m 

BP19-09 11.9 m @ 1.46% Ni, 0.15% Cu, 0.02% Co & 1.09 g/t PGE from 107.0 m 

BP19-10 33.3 m @ 0.80% Ni, 0.09% Cu, 0.01% Co & 0.37 g/t PGE from 136.9 m


Figure 1: Cross Section 49625E showing Ban Phuc DSS maiden drill holes BP19-06 & BP19-08 


Click here to view the full announcement

BSX COMPLETES TA KHOA SCOPING STUDY

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Blackstone Minerals (ASX:BSX) completes Ta Khoa scoping study

Materials

ASX:BSX    MCAP $154.0M 
Blackstone Minerals (ASX:BSX) completes Ta Khoa scoping study
Source: Blackstone Minerals


  • Blackstone Minerals (BSX) has completed a scoping study for the Ta Khoa Nickel-Copper-Platinum Group Element (PGE) Project in Vietnam
  • This marks an important step in restarting operations and developing a mine-to-market nickel business 
  • The project includes the Ban Phuc open-pit mine, upstream and downstream processing facilities and many nickel sulphide targets and prospects
  • The scoping study has forecast annual nickel production of 12,700 tonnes per annum over an 8.5-year project life
  • The study also outlined pre-production capital costs of around US$314 million (roughly A$438.3 million)
  • Additionally, Ta Khoa boasts a pre-tax net present value of US$665 million (roughly A$928.4 million) and gross revenue of US$3.3 billion (A$4.6 billion)
  • According to Managing Director Scott Williamson, the scoping study is just the beginning for the future of nickel operations at Ta Khoa

Blackstone Minerals (ASX:BSX) has completed a scoping study to restart operations at the Ta Khoa Nickel-Copper-Platinum Group Element (PGE) Project in Vietnam.


The project includes the Ban Phuc open-pit mine, along with upstream and downstream processing to produce nickel products for Asia's growing lithium-ion batteries in Asia.


The scoping study marks an important step in restarting operations and developing a mine-to-market nickel business that incorporates one of the world's first green nickel processing facilities.


Blackstone will aim to form a joint venture agreement with its largest shareholder, EcoPro, to jointly build the downstream processing facility. The upstream processing facility will likely be funded through debt and equity.


Processing rates of two, four and six million tonnes per annum have been examined for the overall processing plant, but optimised rates of four million and six million tonnes per annum have been chosen.


"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," Managing Director Scott Williamson said. 


Ta Khoa contains large, disseminated nickel sulphide targets and 25 other prospects. Interstingly, the internal Ban Phuc mine operated as an underground mine between 2013 and 2016. During that time, it produced 20,700 tonnes of nickel, 10,100 tonnes of copper and 670 tonnes of cobalt.


The Ban Phuc Disseminated Sulfide Deposit has a maiden indicated resource of 44.3 million tonnes at 0.52 per cent nickel for 229,000 tonnes of nickel and an inferred mineral resource of 14.3 million tonnes at 0.35 per cent nickel for 50,000 tonnes of nickel.


The scoping study has forecast annual nickel production of 12,700 tonnes per annum over an 8.5 year project life.

The study also outlined pre-production capital costs of around US$314 million (roughly A$438.3 million). This will cover mining, infrastructure, processing, refining, project execution, owners costs and contingency.


Further financial metrics for the project include a net pre-tax cashflow of around US$1.2 billion (roughly A$1.6 billion), pre-tax net present value of around US$665 million (roughly A$928.4 million), gross revenue of US$3.3 billion (A$4.6 billion) and an internal rate of return (IRR) of between 38 and 50 per cent.


"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," Scott stated.


Blackstone believes the Ta Khoa Project presents a number of enhancement opportunities which will generate significant value. The scoping study represents just the starting point for the future of nickel operations at Ta Khoa.


Read the full article on The Market Herald

VIDEO

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Blackstone Minerals (ASX:BSX) hits 5.35m nickel sulphides at Ban Chang



Blackstone Minerals (ASX:BSX) gets encouraging results from Ban Khoa



Blackstone Minerals (ASX:BSX) appoints advisors for Ta Khoa funding





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