BlackEarth Minerals NL (ASX: BEM) has materially increased its total graphite inventory, by both tonnes and grade at its 100% owned Maniry Graphite Project in Southern Madagascar with the completion of an upgraded JORC reportable Mineral Resource estimation for the Razafy Northwest (NW) Graphite Deposit.
The Razafy NW Indicated and Inferred Mineral Resource, comprising of 5.3Mt @ 8.5% Total Graphitic Carbon (TGC) at a 3% TGC cut-off grade is summarised below in Table A. The majority of the Mineral Resource has been classified with a high degree of confidence at an ‘Indicated’ classification, with the remainder classified as ‘Inferred’.
Highlights
• The recent Exploration programme at Razafy NW has delivered further JORC (2012) reportable Indicated and Inferred Mineral Resources for Razafy Northwest of 5.3Mt at 8.5%TGC
• Total Mineral Resources now stand at 40Mt @ 6.5% TGC
• Evidence of higher-grade material of approximately 9-10% TGC within the Razafy NW Mineral Resource will be a key focus for early mine feed into the current Maniry DFS due to be completed in October 2022
• Near surface mineralisation remains open along strike and down dip with the potential to add to the Company’s overall inventory of defined high-grade graphite mineralisation
• The additional Mineral Resources will also add to the overall mine life of the Maniry Graphite Project
This resource estimate is the culmination of the company’s recent diamond drilling exploration program to identify further shallow high-grade zones at Razafy NW.
The successful programme was completed earlier this year and will form an integral component to the Company’s current DFS activities, which have been progressing in parallel with the resource estimation process.
“We have again added both grade and tonnes to our Maniry graphite inventory. The current plan within the DFS is to run the first stage (years one to three) of the Project using high grade feed material sourced from Razafy NW,” Managing Director, Tom Revy, said.
“The more we explore in the area, the more we are excited about the real potential of the area and the value enhancement it can ultimately bring to our Maniry Graphite Project.
“The current resources at the project are within an exploration target of 260-280 million tonnes of TGC.
“We will continue to invest in exploration in the future to continually grow our resource base and demonstrate the true potential of this project.
“Since listing the company in January 2018, we have developed a resource base of over 40 million tonnes from zero, and will continue to build on this existing resource.”
For further information please visit: https://www.blackearthminerals.com.au/
