BlackEarth’s latest results from Razafy NW point to bigger and better returns at Maniry
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Graphite is one of the pillars of the battery revolution, so BlackEarth can only be pleased with the receipt of more thick, high-grade results at the Razafy NW resource.
Assays such as 22.3m grading 8.14% total graphitic content (MNDD118), 38.25m at 6.45% TGC and 13.8m at 13.98% TGC (MNND130), and 35.95m at 8.18% TGC (MNND134) have added to the already promising potential of this area.
Highlighting just how highly BlackEarth Minerals (ASX:BEM) thinks of this potential, it intends to incorporate the Razafy NW area into its current Definitive Feasibility Study as a source of priority feed material for the Maniry graphite project.
This will position the project to start with higher grade material, allowing it to take advantage of the rising price of natural graphite concentrate while providing potential project financiers an optimum payback period.
These additional assay results will also allow the company to shortly publish an updated and expanded resources statement which is expected to significantly increase the project’s proposed mine life.
Maniry already has a Resource of around 23 million tonnes grading just shy of 7% total graphitic carbon, or 1.6 million tonnes of contained graphite.
“The current and expanding data base on the Razafy NW area has certainly surpassed our initial expectations; exploration activities are continuing in the area,” managing director Tom Revy says.
“Our new approach to accelerate its development as part of the current DFS is a critical component towards ultimately achieving project development finance.”
The company has sent applications to the Madagascan Mining authorities to expand the current mining licence to include a broader area including the Razafy NW Resource.
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.