BlackEarth Minerals NL (ASX: BEM) has materially increased its total graphite inventory, at its 100% owned Maniry Graphite Project in Southern Madagascar with the completion of infill and extension drilling at its Razafy Resource.
The Razafy Indicated and Inferred Mineral Resource, now comprises 25.7Mt @ 6.2% Total Graphitic Carbon (TGC) above a 3% TGC cut-off grade.
This Mineral Resource estimate is the culmination of the company’s recent diamond drilling exploration program to identify further Resources at Razafy. The successful programme was completed earlier this year and will form an integral component to the company’s current DFS activities, which should result in a significant increase to the mine life of the Maniry Graphite Project.
“The success at Maniry of discovering and continual upgrading the Mineral Resources at Maniry is testament to the exceptional potential that exists at the Project,” Managing Director, Tom Revy, said.
“This updated and expanded Mineral Resource will be incorporated into the current Maniry DFS and has the potential to significantly increase the proposed mine life for Maniry. Work continues on the Razafy Northwest area with an updated Mineral Resource expected ahead of the completion of the Maniry DFS. All assays from recent drilling in the area have now been received.”
The Razafy Mineral Resource estimate reported above a 3% total graphitic carbon (TGC) cut-off as of the 18 th July 2022 is as follows:
• Indicated Mineral Resource: 13.6Mt @ 6.5% TGC
• Inferred Mineral Resource: 12.1Mt @ 5.9%TGC
For a total Indicated + Inferred Mineral Resource of 25.7Mt @ 6.2% TGC.
For further information please visit: https://www.blackearthminerals.com.au/
