‘Outstanding’ assays from Maniry graphite a serious leg up for BlackEarth’s looming DFS
BlackEarth Minerals has received solid assays from diamond drilling at the Razafy Northwest deposit at its Maniry graphite project in Madagascar.
The 1,670m diamond drilling program returned:
The company says the program generally verified the continuity of graphite mineralisation from last year’s initial drilling program – and that the results will be incorporated into the soon-to-be-released Definitive Feasibility Study (DFS).
Further assay results are expected in the coming weeks.
“These results are the culmination of a range of exploration activities we’ve undertaken at our Maniry Projects over the last year and they further validate the high quality of our expanding graphite resources,” BlackEarth Minerals (ASX:BEM) MD Tom Revy said
“We have focused on resource expansion by size and grade over the last year and this has been achieved with even further upgrades to our mineral resource expected in the short term.
“These results also provide two major benefits to us – firstly, the additional resource grades and tonnages will be implemented into our DFS study which should provide a substantial and material increase to our projected mine life and overall project economics.
“And secondly, our robust project economics and early-stage mine development plans position us well to further develop our relationships with existing and proposed, new down-stream processing ventures as we push forward with our commitment to become a major contributor of material to the battery power and electric vehicle markets.”
This article was developed in collaboration with BlackEarth Minerals NL, 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.