| Announcement Date: | 2022-08-09 |
|---|---|
| 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, 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’. 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 program 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. BlackEarth commissioned Snowden Optiro to complete a geological interpretation, three-dimensional (3D) modelling and a Mineral Resource estimate (MRE) for the Razafy Northwest graphite deposit, located in southern Madagascar. BlackEarth previously reported a Maiden MRE for Razafy NW in 2021 at a nominal cut-off grade of 6% TGC. |
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