Updated: Apr 21
Scott Williamson, Managing Director of Blackstone Minerals Ltd (ASX:BSX) believes that the Nickel Sulphide downstream strategy in Vietnam is the way up.
This is great news that adds shareholders' value as Blackstone Minerals is busy drilling away at the nickel project.
Noel Ong, CEO of Samso is intrigued by the Ta Khao project and believes it will be well resourced and will boost its ability to extract nickel. There is much to take note of in this interview between Noel and Scott over Samso's Rooster Talk Episode 38.
Why Blackstone Minerals is set to become a safer and clearer investment?
Firstly, the Ta Khoa project is well resourced and the ability to extract the nickel will proceed.
The second important element of the business is the geographic location.
The third is the existing partners that are already in play.
Here's Scott Williamson giving an update on the drilling that is happening in Ta Khao and how the downstream business is progressing.
Watch this 13-minute video interview and take note of the following:
Situation in Vietnam
Importance of product source
Drilling program in Vietnam
Low cost of working in Vietnam
What is a "train"
Spin-out from Blackstone Minerals, Codres Resources Limited (ASX:CDR)
About Scott Williamson
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.
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 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.
Suite 3, Level 3, 24 Outram Street,
West Perth, WA, 6005
t/ + 61 8 9425 5217
f/ +61 8 6500 9982
PO Box 1175, West Perth, WA, 6872
About 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.