BlackEarth confirms quality graphite flake
BlackEarth Minerals NL (ASX:BEM) remains on track to define a JORC Resource at its Razafy graphite prospect at the Maniry Project in southern Madagascar within the next four to five weeks.
BEM’s Madagascan projects consist of two primary exploration areas: the main Maniry project in the south, and the Ianapera project in the north. Maniry is highly prospective for large-scale, high-quality graphite deposits and is currently at an advanced evaluation stage pending additional work to establish an initial Resource.
The company now reports that it has received a mineralogical report undertaken by Townend Mineralogy Laboratory on 19 samples taken from Razafy.
The detailed report, which is consistent with findings from an earlier preliminary mineralogical report confirms that very large flakes (>500 micron) occur frequently within the two drilled and tested lenses currently making up the Razafy prospect.
All samples returned significant 500+ micron flakes (up to 2900 micron) and over 60 percent returned 2000+ micron flakes. Significant flakes exist in excess of 850 microns which attracts a premium price in the expandable graphite market.
Of course, as with all minerals exploration, success is not guaranteed — consider your own personal circumstances before investing, and seek professional financial advice.
Photomicrographs of 2 Razafy samples reviewed by Townend:
Notably, these flakes are free of any deleterious contaminants. The lack of deleterious minerals inside the flakes also suggests the potential for high purity graphite production which is used in higher value end products (Li-ion batteries).
Managing Director, Tom Revy commented: “This report by globally respected Townend Mineralogy Laboratory, reaffirms the Board’s decision to fast track the Maniry Graphite Project. The company has met every milestone it set itself pre-IPO to date including drill commencement, assay reporting, average daily drill metres and completion of detailed mineralogy.
“BEM is still on target to define a JORC Resource at Razafy within the next four to five weeks and complete a scoping study on the Maniry Graphite Project by the end of 2018. The upcoming metallurgical test work will provide final flake size distribution which is regarded as critical to project economics.”
Drilling continues at Haja, located two kilometres south of Razafy, with reports of very wide zones of graphitic schist logged to date. Approximately 600 metres of drilling has been completed at Haja with assays to follow next month.
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.