Blackstone Minerals

Primary ticker: ASX:BSX
Stage of development: Exploration
Commodity: Cobalt, Gold, Copper, Nickel
Project to promote: Ta Khoa Nickel Project

Live financials

Blackstone Minerals is an explorer/developer with an international portfolio of battery and precious metals exploration projects. These include the Ta Khoa Project (Nickel-Copper-Cobalt-PGE) in Vietnam, the BC Project (Cobalt-Gold) in Canada, the Silver Swan South Project (Gold-Nickel) in Western Australia and the Middle Creek Project (Gold) in Western Australia. The company’s core focus is the Ta Khoa Project, located 160km west of Hanoi in the Son La Province of Vietnam, in South East Asia’s premiere nickel sulfide district. Maiden drilling commenced at Ta Khoa in August 2019, intersecting substantial disseminated nickel sulfide mineralisation.

Management Profile

Scott Williamson, Managing Director

Scott Williamson is a Mining Engineer with a Commerce degree from the West Australian School of Mines and Curtin University. Mr Williamson started his career as an underground mining engineer in the goldfields of Western Australia. Mr Williamson has recent experience in equity capital markets with previous roles as a Resources Analyst at Hartleys and Investor Relations Manager at Resolute Mining. Mr Williamson has a unique blend of experience in mining and finance with both corporate and technical capabilities.

What is your rationale for attending 121 Mining Investment?

We have new developments for the market relating to our nickel project in Vietnam.

What recent news would you like to highlight to investors attending?

(17/09) Assays Upgrade the Nickel Sulfides at Ta Khoa Nickel Project

-Maiden Platinum Group Element (PGE) assays from Blackstone’s initial drilling at the Ta Khoa Nickel Project in Northern Vietnam have delivered significant platinum, palladium and gold assays within the disseminated nickel sulfide mineralisation intersected in the Company’s first three drill holes

– Maiden drilling of the Ban Phuc DSS has delivered peak assays up to 3.4% nickel & 2.0g/t PGE

– The previously unrecognised PGE grades associated with the Ban Phuc DSS suggest a potential byproduct credit could significantly enhance the future economics of the Ta Khoa Nickel Project

– Assays are pending for the next four drill holes from the Ban Phuc disseminated sulfide zone (DSS)

What are your key goals for the next 3, 6 and 12 months?

3 Months:

Investigate the potential to restart the Ban Phuc concentrator through focused exploration on both MSV and DSS deposits.

6 Months:

Continue to investigate the potential to develop downstream processing infrastructure in Vietnam to produce a downstream nickel and cobalt product to supply Asia’s growing lithium ion battery industry.

12 Months:

Aim to deliver a maiden resource at Ban Phuc over and continue drilling program to better understand the project’s potential to supply Asia’s growing lithium-ion battery industry.

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Unfavourable nickel prices, Slower EV/battery adoption than expected.

What do you think makes your company such a compelling investment?

Strong exploration upside; good fundamentals for nickel; existing plant and infrastructure for the Ta Khoa Nickel Project.