BlackEarth Minerals (ASX: BEM) has confirmed new high-grade graphite at the Rafazy prospect within its Maniry Project in Madagascar, with diamond drilling producing a standout intersection of 32.9m at 9.7% total graphite content (TGC).
The company says that the results demonstrate ‘significant’ potential for Southern Madagascar becoming a new province for world-class graphite deposits, with results pointing to a ‘very significant and large, high grade resource’ in the region.
“we strongly believe this particular part of Southern Madagascar will evolve to become a globally significant supplier of graphite”
Final assays at Razafy Northwest have confirmed known graphite mineralisation within the ‘Razafy Domain’ to measure greater than 5km in length, with significant intersections including:
- 32.9m @ 9.7% TGC
- 29.7m @ 8.4% TGC
- 23.2m @ 8.6% TGC
- 8.2m @ 10.1% TGC
BEM reports that the prospect remains ‘highly prospective’ to the north, south, and east, and now extends over 1.2km.
Commenting on the drilling results, BlackEarth Managing Director Tom Revy said: “The confirmation of high-grade mineralisation at Razafy Northwest has further expanded the footprint of the overall Razafy Domain. 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.
This region has seen massive international investment over the last 1 – 5 years and we strongly believe this particular part of Southern Madagascar will evolve to become a globally significant supplier of graphite to the alternative energy sectors and EV markets in the future.”
The company reports that work is underway to finalise the Razafy Northwest Resource, which will add material size and grade to the Company’s overall inventory of defined high-grade Graphite.
Images: BlackEarth Minerals NL