Blackstone Minerals Limited positions itself to be a world-class player in EV battery market

Updated: Apr 21


Scott Williamson, Managing Director of Blackstone Minerals Limited, has been on Coffee with Samso since July 2019. What's interesting is, he has been sharing the journey of the business since the beginning of the acquisition, and now he is bringing news of harvesting the fruits of their labour.


Blackstone Minerals' Board of Directors have approved the first phase of pilot plant work and the Definitive Feasibility Study (DFS) for the Ta Khoa Refinery (TKR).

The production of high purity NCM811 precursors is an important milestone for the company as we take the next steps towards our ambition to become a globally significant producer of Class I nickel products for the lithium-ion battery industry. - Blackstone Minerals Managing Director Scott Williamson

Blackstone Minerals is acutely aware of its first mover advantage and continues to fast track the next important stages towards commercialisation of the TKR.


Mr. Williamson clarifies for us what and how the business is doing, and this is of special interest to investors both old and new. After this conversation, we understand better what the Real Value of Blackstone Minerals Limited is. And there is much to look forward to in its future as they position themselves to be a world-class player in the EV battery market.



Chapters


00:00 Introduction

01:24 How is the business going?

03:01 Will a rising Nickel price hurt the business?

04:51 How is the mine going?

06:50 What will bring down the business?

09:13 Are there any technical issues that investors should be worried about?

11:31 Could a change in battery content hurt this business?

13:41 What can investors look for going forward?

16:20 Where does your confidence in this business come from?

19:42 How do you simplify something that is already simple?

21:54 Is the Australian market underestimating the fact you are in the marketplace?

23:49 What would you say to potential Investors?

27:31 How confident are you in getting what you need to make this business happen?

29:28 How was Diggers and Dealers 2021?

31:15 Conclusion


About Scott Williamson

Managing Director

Blackstone Minerals Limited Qualifications: BEng (Mining), BCom, MAusIMM


Scott Williamson is an experienced Managing Director with a demonstrated history of working in the mining and metals industry. He is skilled in Open Pit and Underground Mining, Corporate Finance, Investor Relations and Project Planning. A strong business development professional with equity capital markets experience, Scott graduated from West Australian School of Mines and Curtin University of Technology. Scott holds a WA First Class Mine Manager’s Certificate and is a member of the Australasian Institute of Mining and Metallurgy.


Scott Williamson, Managing Director of Blackstone Minerals Limited, Noeal Ong, Samso, feature by Brilliant-Online

About Blackstone Minerals Limited


Blackstone Minerals Limited (ASX: BSX) is developing the district-scale Ta Khoa Project in Northern Vietnam where the company is drilling out the large-scale Ban Phuc Nickel-PGE deposit. The Ta Khoa Nickel-PGE Project has existing modern mine infrastructures built to International Standards including a 450ktpa processing plant and permitted mine facilities.


Blackstone Minerals also owns a large landholding at the Gold Bridge project within the BC porphyry belt in British Columbia, Canada with large scale drill targets prospective for high-grade gold-cobalt-copper mineralisation. In Australia, Blackstone Minerals is exploring for nickel and gold in the Eastern Goldfields and gold in the Pilbara region of Western Australia. Blackstone Minerals has a board and management team with a proven track record of mineral discovery and corporate success.





The Ta Khoa Nickel-Copper-PGE Project


The Ta Khoa Nickel-Copper-PGE Project is located 160 km west of Hanoi in the Son La Province of Vietnam and includes an existing modern nickel mine built to Australian standards, which is currently under care and maintenance. The Ban Phuc nickel mine successfully operated as a mechanised underground nickel mine from 2013 to 2016. In the Ta Khoa Nickel-Copper-PGE Project, previous project owners invested more than US$136m in capital and generated US$213m in revenue during a 3.5-year period of falling nickel prices. The project was placed into care and maintenance in mid-2016 during some of the lowest nickel prices in the past 10 years.


Existing infrastructure associated with the project includes an internationally-designed 450 ktpa processing plant connected to local hydro grid power with a fully-permitted tailings facility and a modern 250-person camp.


Since commencing maiden drilling in August 2019, Blackstone Minerals has made significant progress at Ta Khoa, drilling over 9,000 m of diamond core in more than 47 holes into the Ban Phuc DSS deposit and the highly prospective King Cobra discovery zone. An initial scoping study evaluating mining and processing options is well advanced, including potential in-country downstream processing to deliver high-value nickel sulfate into Asia’s rapidly expanding electric vehicle (EV) industry. The recently announced MOU with Asia’s largest and the world’s second-largest EV battery cathode manufacturer, Ecopro BM Co Limited represents a significant step towards making this a reality.



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