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BlackEarth Minerals NL

BlackEarth Minerals makes high-grade graphite discovery at Maniry

The high-grade results from trenching indicate further extensions to the defined Razafy mineral resource.

Map of Madagascar
Maniry is in southern Madagascar

BlackEarth Minerals NL (ASX:BEM) has discovered high-grade graphite from trenching on the northwest extension of the Razafy prospect within its Maniry Graphite Project.

The trenching program was completed in early December with 47 trenches excavated for 4,313.4 metres, collecting 2,183 samples of which 479 have been returned.

READ: BlackEarth Minerals receives positive scoping study results at Maniry Graphite Project

BlackEarth managing director Tom Revy said the release of the Maniry scoping study last month was a milestone event.

Revy said: “We set ourselves some very ambitious targets in our first 12 months, targets that many thought were too much of a stretch.

“But we met them and the results we achieved certainly exceeded even our expectations, and today’s release is no exception.”

READ: BlackEarth Minerals consolidates Maniry Graphite Project with Haja maiden resource

Initial results include broad assays of 56 metres at 9.89% total graphitic carbon (TGC) and 36 metres at 8.07% TGC.

The 56-metre assay includes a 48-metre result at 10.22% TGC including 2 metres at 19.2% and 6 metres at 15.1%.

Within the 36-metre assay the company also found 12 metres at 13.32%, including 6 metres at 19.43%.

Moving from explorer to developer

Revy added: “As the company officially moves from explorer to developer, the potential of the Maniry Graphite Project is extraordinary – the size of the district, the work completed to date and the value that lies before us.

“The more we look, the more we find, the better the project looks.”

Large-scale graphite district

The Razafy northwest discovery is part of the Razafy domain and directly along strike from the Razafy mineral resource which is estimated at 11.2 million tonnes at 7.1%.

Late in December the company announced the Haja maiden resource, 800 metres from Razafy.

Haja’s initial resource is estimated at 9 million tonnes at 5.79% containing 521,100 tonnes of graphite.

Known mineralisation across the domain has now been extended to more than 5 kilometres in length, underlining the potential for further high-grade graphite resources near Razafy.

Current and future exploration by BlackEarth will aim to outline the scale and potential of the domain and delineate high-grade mineralisation to complement the initial stages of a mining operation.

Quick facts: BlackEarth Minerals NL

Price: $0.06

Market: ASX
Market Cap: $3.77 m
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