Madagascar Graphite

BlackEarth ‘materially’ increases total graphite inventory at Maniry Project, Madagascar

BlackEarth Minerals (ASX:BEM) has ‘materially’ increased its total graphite inventory, by both tonnes and grade at its 100% owned Maniry Graphite Project in Southern Madagascar.

The company reports that the results follow the completion of an upgraded JORC reportable Mineral Resource Estimation for the Razafy Northwest (NW) Graphite Deposit.

The Razafy NW deposit has an Indicated and Inferred Mineral Resource comprising of 5.3Mt @ 8.5% Total Graphitic Carbon (TGC) at a 3% TGC cut-off grade. 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’.

BlackEarth reports that Total Mineral Resources now stand at 40Mt @ 6.5% TGC.

Total Mineral Resources now stand at 40Mt @ 6.5% TGC

Since listing the company in January 2018, the company notes it has developed a resource base of more than 40Mt ‘from zero’, and “will continue to build on this existing resource”.

The resource estimate is the culmination of a recent diamond drilling exploration program to identify further shallow high-grade zones at Razafy NW.

The program was completed earlier this year and will form an integral component to the current Definitive Feasibility Study (DFS) activities, which have been progressing in parallel with the resource estimation process.

Commenting on the results, BlackEarth Managing Director Tom Revy commented: “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 1-3) of the Project using high grade feed material sourced from Razafy NW.

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.”

The Razafy NW Graphite Deposit is part of the Maniry Graphite Project, which is in southern Madagascar about 180km southeast of Toliara, the regional capital of the Toliara Region.

Images: BlackEarth Minerals Ltd
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Written By Adam Orlando Editor-in-Chief Adam Orlando has more than 20 years’ experience in the media having held senior roles at various publications, including as Asia-Pacific Sector Head (Mining) at global newswire Acuris (formerly Mergermarket). Orlando has worked in newsrooms around the world including Hong Kong, Singapore, London, and Sydney.