High-Grade Graphite Mineralisation Continues To Grow In Madagascar
BlackEarth Minerals NL (ASX: BEM) has confirmed the known graphite mineralisation within the Razafy Domain’ to be greater than 5km in length at the Maniry Graphite Project located in southern Madagascar.
The Razafy Northwest high-grade discovery is part of the ‘Razafy Domain’ and directly along strike from the Razafy Mineral Resource.
BlackEarth’s completed drilling programme has not only highlighted the high-grade nature of the mineralisation in the area, but also the significant potential that exists in the immediate area to increase the company’s current Resource inventory at Maniry.
The company’s Board is delighted with the outcome of this very significant milestone and this discovery, along with other significant global investment in this region, positions Southern Madagascar as a potential leading supplier of battery grade graphite to feed the rapidly growing world demand for Electric Vehicles (EV’s) and other alternative energy sources in the future.
Managing Director, Tom Revy, said the successful diamond drill programme has provided a better understanding of the scale and potential of the domain and has also delineated high grade mineralisation to compliment the initial stages of a mining operation. Work has commenced on defining the Razafy Northwest Resource which is planned to be released to the ASX later this Quarter.
All exploration works were carried within the company’s Exploration Target area containing an estimated 260Mt-380Mt at 6-8%TGC.
“The confirmation of high-grade mineralisation at Razafy Northwest has further expanded the footprint of the overall Razafy Domain,” Mr Revy said.
“Given the grades and widths returned and the fact that this mineralised area is open north, south, east and at depth the Board remains of the view that this area has the potential to significantly further bolster the value of the Maniry Graphite Project.” For further information please visit: https://www.blackearthminerals.com.au/