Announcement Date: 2022-07-26
Announcement Type: Deposit Estimation
Announcement Code: JORC
Company name: BlackEarth Minerals NL
Project name: Maniry
Location: Madagascar
Commodities: Graphite
Highlight: Updated Resource Estimate for Project
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: BlackEarth Minerals NL (ASX: BEM) (the Company or BlackEarth) is pleased to announce it 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, summarised below in Table A. This Mineral Resource estimate is the culmination of the Company’s recent diamond drilling exploration program to identify further Resources at Razafy. The successful program 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 Razafy Graphite Deposit is part of the Maniry Graphite Project, which is in southern Madagascar approximately 180 km southeast of Toliara, the regional capital of the Toliara Region. The Razafy Mineral Resource straddles two permits at the Maniry Project, known as Permits PE5394 and PR39751.
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