BlackEarth commences scoping study at Maniry Graphite Project
FinFeed presents this information for the use of readers in their decision to engage with this product. Please be aware that this is a very high-risk product. We stress that this article should only be used as one part of this decision-making process. You need to fully inform yourself of all factors and information relating to this product before engaging with it.
BlackEarth Minerals NL (ASX:BEM) has appointed BatteryLimits Pty Ltd to commence scoping work on BEM’s 100% owned Maniry Graphite Project in Madagascar.
The company expect the programme to be completed by the end of this year and is intended to be a pre-cursor to a feasibility study.
BatteryLimits has considerable experience in graphite projects having conducted metallurgical testwork, scoping studies, pre-feasibility and full feasibility studies on graphite projects in Tanzania, Mozambique and Australia. BatteryLimits is owned by BEM Chairman, Phil Hearse, and it is his experience in graphite projects which compelled the Board to appoint Hearse to its team.
BEM recently completed its initial drilling program at its Razafy graphite prospect and its Haja graphite prospect from which a maiden Resource of 11.2mt at 7.10% total graphitic carbon (TGC) has been established along with an exploration target for the Maniry Graphite Project.
A detailed metallurgical test plan programme will be completed in October/November 2018, paving the way to commence marketing of graphite concentrates produced from a bulk sample generated from core from the Razafy graphite prospect drilling campaign.
What those results will show is yet to be determined, so investors should take all publicly available information into account and seek professional financial advice before making an investment decision.
Managing Director, Tom Revy commented: “The appointment of BatteryLimits to conduct the scoping study continues BlackEarth’s strategy to develop its Maniry Graphite Project as fast as possible.
“Phil Hearse is one of Australia’s most respected mining professionals with over 40 years’ experience in diverse and challenging projects around the world. His extensive career has taken him from operational and technical support roles at Broken Hill, Bougainville Copper, Queensland Nickel and Gove Alumina to senior executive and managerial positions.
“Over the last 10 years, Phil has been instrumental in the studies and development of a number of projects globally, including numerous graphite studies in Australia and East Africa. It is through Phil’s vast experience and connections that can deliver further value for all shareholders.”
When the experts at Next Investors have a stock pick, it may pay to listen.
The Next Investors have been investing in ASX small cap stocks for years, with their best small cap picks yielding returns of 1,200%, 1,120%, 900% and 678%.
They have just revealed their hand-picked, FY2021 stock portfolio of high conviction long-term investments.
Click the link below to see what they are currently investing in.
S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.
Conflict of Interest Notice
S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.
The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.