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BlackEarth grows premium graphite inventory

13 April 2022
ASX: BEM
Jack Baker

BlackEarth Minerals anticipate significant amounts of high-grade graphite following confirmation of mineralisation along strike and at greater depth at the Maniry project in Madagascar, East Africa.

The find can provide further upside for the company fast-tracking its project to the Bankable Feasibility Study stage for a total cost of less than $6 million.

The Razafy North West prospect’s follow-up results are likely to form part of the inventory to be included in the company’s soon-released definitive feasibility study.

The critical commodities specialist has continued mine life optimisation works, targeting 2500 tonnes of premium concentrate for burgeoning end-user markets each year.

With premium grades commanding up to US$2300 a tonne, the company confirms the quality of the resource.

“Every new tonne of high-grade material we add to our inventory has the potential to increase project value for our shareholders,” managing director Tom Revy said.

While awaiting assays, BlackEarth will shortly commence surface trenching on the western end of the drill lines.

The company plans to complete the Maniry BFS in 2022.

BEM’s Australian Stock Exchange-listed share price has risen 11.54 per cent today, selling at 14.5c (11:47 am UTC+ 8 hours).

COMPANY OVERVIEW

BlackEarth Minerals (ASX:BEM) is a vertically integrated graphite developer with advanced mining projects in Madagascar and base metal prospects (Ni-Cu-PGE) in Western Australia. The Company holds the flagship Maniry Graphite Project which is located in Southern Madagascar, with the Bankable Feasibility Study (BFS) currently underway and a focus on value added products which are in high demand. BlackEarth is currently reviewing several downstream value added graphite processing opportunities.

COMPANY INFORMATION

ASX: BEM

Website

https://www.blackearthminerals.com.au/
https://www2.asx.com.au/markets/company/bem

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