Blackstone Minerals has exercised its option to acquire a 90 per cent interest in the Ta Khoa nickel project in northern Vietnam from AMR Nickel Limited for AUD$1M Blackstone shares based on its 30-day VWAP. The Perth-based explorer picked up a binding option to acquire the project back in May 2019. The project includes the mothballed Ban Phuc underground nickel mine and 450,000 tonne per annum nickel concentrator built to Australian standards.
In an extraordinary move amid the Coronavirus inspired market carnage, Blackstone Minerals has managed to place $6.8m at a 62% premium to market to giant South Korean battery materials manufacturer, EcoPro. EcoPro owns the world's 2nd largest nickel-rich battery cathode manufacturer and the largest operation of its kind in Korea. EcoPro is looking to get exposure to Blackstone's Ta Khoa Nickel-Platinum project in Vietnam.
Blackstone Minerals is raising $6.8 million from a share placement to an overseas nickel manufacturer, as part of an agreement to co-develop a nickel processing facility in northern Vietnam.
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Blackstone Minerals has racked up more long nickel sulphide intercepts at its King Cobra discovery in Vietnam with two near surface results returning 39m at 1.1per cent nickel and 28m grading 1.2 per cent nickel from its Ta Khoa Nickel-PGE project. One drill hole at King Cobra also intersected a 0.55m thick massive sulphide vein within a broader 58m intersection of disseminated nickel sulphide mineralisation.
Blackstone Minerals has revealed the most impressive drill result to date at its Ta Khoa nickel project in Vietnam with 60m grading 1.3% nickel and another 11.9m at 1.09% nickel contained within another 142m intersection further down in the same drill hole at the King Cobra prospect. The 60m intersection also showed 0.22% copper and 0.29g/t PGM plus gold.
Blackstone Minerals' drilling program in Vietnam has continued to churn out some impressive nickel and platinum group metal results from its Ta Khoa nickel project, located west of Hanoi in northern Vietnam, with a surprising new discovery at King Cobra. Assays are still pending for this new nickel discovery whilst broad intercepts at the Ban Phuc disseminated sulphide zone continue to entice with 106m @ 0.45% nickel.
Blackstone Minerals has caught the eye of South Korea's largest electric vehicle battery cathode manufacturer, Ecopro BM Co, which has offered to help the Australian outfit expand the downstream processing capabilities of its re-emerging Ta Khoa nickel project in north Vietnam. The two companies have signed a non-binding MoU which could become a full-blown joint venture involving the production of nickel and cobalt for lithium-ion batteries.
Blackstone Minerals has revealed more impressive nickel and PGM mineralisation at its Ta Khoa nickel project in northern Vietnam. Broad zones of mineralisation were intersected during recent drilling with widths of up to 33m returned. The company is fully funded for the program, as it collates valuable data ahead of the estimation of a maiden mineral resource and scoping study.
Copper and gold explorer Hot Chili has raised $12.1 million via a share placement, while Australian Vanadium and Blackstone Minerals have also locked in funds from capital raisings.
Blackstone Minerals has unearthed a slew of platinum group metal credits amongst its nickel drill results that could redefine its Ta Khoa project. The company recently reported a 45.5m drill intersection grading 1.2% nickel with a surprising 0.35 grams per tonne platinum, palladium plus gold that could potentially redefine the economics of the company's nickel project in Vietnam.
Blackstone Minerals has nailed a plethora of new nickel sulphide exploration targets from its maiden geophysical survey program at the emerging Ta Khoa project, west of Hanoi, in northern Vietnam. The induced polarisation survey showed a strong correlation with existing positions of nickel mineralisation at the flagship Ban Phuc prospect and outlined new targets at the Ban Khoa and King Snake prospects nearby.
Blackstone Minerals' targeting appears spot on with its maiden drilling program at the Ta Khoa nickel project in northern Vietnam intersecting substantial disseminated nickel sulphide mineralisation. The first three holes at the Ban Phuc prospect returned wide intervals including 45.5m @ 1.2% nickel from 56.5m down-hole, 17.8m @ 1% nickel from 106.6m and 22m @ 0.8% nickel from 138m respectively.
Blackstone Minerals has kicked off drilling at its Ta Khoa nickel project located in northern Vietnam and is initially targeting disseminated sulphide mineralisation at the Ban Phuc prospect, following geophysical surveys that showed chargeable anomalies were present. According to the company, the initial IP survey test line run through the area showed a strong correlation with the known massive and disseminated sulphide occurrences.
Blackstone Minerals is set to acquire a 90% interest in the advanced Ta Khoa nickel project in northern Vietnam from AMR Nickel Limited over a 12-month period costing AUD$1.6m in cash and scrip. The project includes an existing 450,000 tonne per annum concentrator and is located in a prospective, underexplored district that contains numerous massive and disseminated sulphide occurrences with nickel, copper, cobalt and PGEs.
Blackstone Minerals has identified the Jewel copper-gold-cobalt prospect in British Columbia as its highest priority drill target after soil sampling identified a 1.5km long copper-gold-cobalt target that sits over a recently identified IP anomaly, that was interpreted to be a potentially large sulphide bearing body. New surface rock chip samples at the Jewel prospect have also returned results of up to 5.6% copper.
Blackstone Minerals has confirmed a significant new discovery of high grade cobalt and gold mineralisation at its Erebor prospect in British Columbia, Canada. It is the first new find of cobalt in the district since the 1930s with rock chip samples going up to 2.3% cobalt and just over an ounce to the tonne gold, with some highly anomalous copper and nickel results thrown in for good measure.
ASX listed Blackstone Minerals' phase two IP survey has identified new large-scale cobalt targets at its Little Gem project in British Columbia that are bigger and stronger than the anomalies found during the first phase. The new targets, which are more than 1km long, are associated with the previously producing “Jewel” gold-silver-copper mine located 1.1km northeast of Little Gem.
Blackstone Minerals has identified two new targets that could unlock the potential for its Little Gem cobalt project in Canada to host multiple deposits akin to the Bou-Azzer primary cobalt mineralised area in Morocco. A detailed soil sampling program over multiple prospects adjacent to Little Gem and regional targets over 335 km2 of tenure is also nearing completion.
Blackstone Minerals has discovered new cobalt and gold mineralisation at its Erebor prospect, located less than a kilometre from the company's flagship, Little Gem project area in British Columbia, Canada. It is the first new find of cobalt in the district since the 1930's. The company is also awaiting results from a geophysical survey and assays from regional soil, rock chip and stream sediment sampling programs.
Blackstone Minerals has announced more encouraging results from its maiden drilling program at the Little Gem cobalt-gold play in British Columbia, Canada. High grade results include 3.2m @ 0.8% cobalt and 4g/t gold and were accompanied by extensive alteration zones, indicating a major system may feed the hydrothermal mineralisation being sought.
ASX listed Blackstone Minerals has announced it will recommence drilling at its high grade Little Gem cobalt-gold project in British Columbia shortly, using a specialist local contractor. The company also released anomalous gold assay results from a multi-element stream sediment geochemical sampling program at the project, extending the limits of the target zone out to 1.8km.
West Perth based Blackstone Minerals has dusted off historical mining records dating back over 60 years to fully understand the potential of its Little Gem Project in British Columbia, Canada that boasts one of the highest grade cobalt-gold deposits in the world. Recent drilling turned up a 4.3 m intersection going 1.0% cobalt and 15 g/t gold, including 1.1 m @ 3.0% cobalt and 44 g/t gold.
