BlackEarth keeps finding more to get excited about, defining high-grade graphite at Razafy NW
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BlackEarth has defined an Indicated and Inferred resource of 5.3Mt grading 8.5% total graphitic content for the Razafy Northwest deposit within its Maniry project in Southern Madagascar.
While the addition of Razafy Northwest improves both the size and grade of the Maniry resource to 40Mt grading 6.5% TGC, the real prize could be the evidence of higher-grade material averaging between 9% and 10% TGC within the new resource.
This higher-grade material could be a key focus for early mine feed into the current definitive feasibility study for the project, which is expected to be completed in October 2022.
Adding further interest for BlackEarth Minerals (ASX:BEM), the near-surface mineralisation remains open along strike and down dip, which could add to its overall inventory of defined high-grade graphite mineralisation.
The Razafy Northwest resource estimate is the culmination of the company’s recent diamond drilling exploration program to identify further shallow high-grade zones at the deposit.
“We have again added both grade and tonnes to our Maniry graphite inventory. The current plan within the DFS is to run the first stage (years 1-3) of the project using high grade feed material sourced from Razafy NW,” managing director Tom Revy said.
“The more we explore in the area, the more we are excited about the real potential of the area and the value enhancement it can ultimately bring to our Maniry graphite project.”
He added that with the current resource being located within the broader exploration target of between 260 million and 280 million tonnes of TGC, the company will continue to invest in exploration to continue growing its resource and demonstrate the true potential of Maniry.
This article was developed in collaboration with BlackEarth Minerals, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.