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 a maiden JORC compliant Mineral Resource estimation for the Razafy Northwest (NW) Graphite Deposit.
- The recently completed Exploration program has delivered a JORC compliant Indicated and Inferred Resource for Razafy Northwest of 2.9Mt @ 9.82% TGC at the Maniry Project in Southern Madagascar
- The additional Resource provides a significant and material increase to the company’s inventory of very high-grade Graphite
- Evidence of a higher-gradecoreofapproximately+12%TGCin both the East and West lenses. which will be a key focus of future exploration activities commencing in 2022
- The near surface Resource remains open along strike and down dip with the potential to add to the Company’s overall inventory of defined high-grade Graphite
- The Company has commenced an update to its Scoping Study to outline the significant impact of the results to the Maniry Projects overall economics
The Razafy NW Indicated and Inferred Resource, comprising of 2.9Mt @ 9.82% Total Graphitic Carbon (TGC) at a 6% TGC cut-off grade is summarised below in Table A. The majority of the Resource has been classified with a high degree of confidence at an ‘Indicated’ classification, with the remainder classified as ‘Inferred’.
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