BlackEarth Minerals expects graphite assay results in January

Published at Nov 21, 2018, in Mining

BlackEarth Minerals NL (ASX:BEM) has updated the market on its progress at the trenching programs at the Maniry and Ianapera Graphite Projects in Southern Madagascar.

Trenching kicked off at Maniry earlier this month, with the program progressing as scheduled, with assay results expected in January next year.

BEM anticipates that trenching here will be completed towards the end of the month. The focus will then switch to the high-grade Ianapera Project, which is situated 75 kilometres north of Maniry – completion of that program is anticipated by mid-December.

On top of that, the scoping study for Razafy is also on track to be released in December, as planned.

The purpose of the program is to:

  • identify further high-grade mineralisation at the Maniry Project, including the recently announced high-grade lenses identified during mapping and rock-chipping
  • test strike extensions of the recently announced Razafy Resource
  • assess the potential of the Razafy Domain to deliver further mineral resources
  • commence first pass, systematic assessment of the multiple high-grade lenses at the Ianapera Project, located within 10km of the large Molo Graphite Deposit
Maniry Project – planned trenching summary

The company’s Madagascan projects consist of two primary exploration areas: the 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. The total Razafy resource measures 11.2Mt at 7.10% Total Graphitic Carbon (TGC). The vast majority of the resource has been classified with a high degree of confidence at an ‘Indicated’ classification, with the remainder classified as ‘Inferred’.

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.

Publishers Notice

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.

Thanks for subscribing!