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Profiles Gallery 2019















➔ Minalyze - Profile BlackRock - Profile ➔



➔ Lepidico - Profile Capital Drilling - Profile ➔



➔ Imdex - Profile Cardinal - Profile ➔



➔ Bellevue - Profile DRA Projects - Profile ➔



➔ Blackstone - Profile Nucleus - Profile ➔



➔ MinAnalytical - Profile BlackRock - Profile ➔



➔ Downer - Profile Blackstone - Profile ➔



➔ Steinert - Profile Cardinal - Profile ➔



➔ Venture Minerals - Profile Sandfire - Profile ➔



➔ Western Areas - Profile

















prices but we believe that by the time we are ready to restart it
the nickel price will be much higher. It is marginal at $US10,000/t,
but I am pretty happy that it works at today’s prices. We don’t
want to rush into anything; we want to make sure that we fully
understand the geology before we turn it on again,” he said.
Blackstone’s first order of business is to run an IP survey over the
disseminated sulphide zones to identify high-grade targets for
possible drilling activities to start in July.
In its former life, the Tak Khoa nickel project was characterised
by narrow vein mining of massive sulphide veins at the Ban Phuc
underground.
Blackstone’s early synopsis is that a bulk tonnage disseminated
Blackstone plugs into Vietnam sulphide orebody at mineable grades could be exploited via
open pit or continued underground operations at Ban Phuc.
“Our focus is on exploration to start with and at the same time
we want to understand what the mining scenario looks like. In the
meantime, we want to know what the downstream processing
opportunity looks like, with a big focus on the metallurgy and
converting it from a concentrate into a battery product whether
that is a hydroxide or a sulphate,” Williamson said.
“In the next 6-12 months we will do an IP survey and focus on the
An advanced high-grade nickel sulphide mine, west of Hanoi, high-grade zones within the disseminated zones for drilling. We

has compelled Blackstone Minerals Ltd to venture into Vietnam. are chasing 1% nickel, but over very broad widths, to produce a
maiden resource in the next 6-12 months.

Company: Blackstone Minerals Ltd Project: Ta Khoa, 160km west of Hanoi, Country: Vietnam
“The fact that we have bought an existing mine where all put pressure on margins and essentially forced a blanket on (ASX:BSX) Son La province Mining status: Currently 22 open cut
the hard work has been done by previous owners, plus it production. Key personnel: Non-executive chairman Commodity: Nickel sulphide mines and 23 underground mines
is a fully permitted mine with a production facility in place, “We believe that we can remove that tariff on concentrates Hamish Halliday; managing director Scott operating
gives us confidence that we can easily switch the mine back by going downstream and producing a final battery product, Williamson; technical director Andrew History: Discovered in 1945. Last mined
on at the right time,” Blackstone managing director Scott particularly with a large battery player from Asia or Korea,” Radonjic; non-executive director Steve from 2013-2016 for 975,000t @ 2.4% nickel Future strategy: Mining Master Plan
Williamson said. Williamson said. Parsons and 1% copper mined for production of 2020-2035 approved in 2018. Ban Phuc
20,700t nickel and 10,1000t copper
mine specifically identified in plan paving
Blackstone has a two-year timeframe in which to execute an By delivering a downstream dream of producing nickel and Top 20 shareholders: 60%. Board and the way for favourable permitting and
option to purchase the Ta Khoa nickel-copper-cobalt-PGE project cobalt products for the lithium-ion battery market, Blackstone management (24%); Deutsche Balaton Infrastructure: Internationally designed approvals processes
in Vietnam’s Son La province, 160km west of the capital. can reduce tariffs due to the Government from 20% to 5%. (12%); Colestar Management (7%); 450,000 tpa processing plant connected to Mining licence: A Mining Licence grant fee
hydro grid power existing; 250-man camp;
Ban Phuc was the key deposit last mined between 2013 and “That really helps the economics of a potential mine or Goldbridge Mining (7%) fully permitted tailings facility. Sealed roads recently halved under amended terms for
2016, with a total 975,000t @ 2.4% nickel and 1% copper mined development scenario. The previous owners would have got to Hai Phong port, 350km away new nickel mines
for production of 20,700t nickel and 10,1000t copper. caught up on that tariff and would not have seen the opportunity
AMR Nickel Ltd (90%) and local partner COXAMA operated the from the battery market to go downstream with a large partner.
mine, which is now on care-and-maintenance after flat-lining “They closed this mine at around $US10,000/t nickel as opposed
nickel prices and a hefty government tariff on concentrates to $US12,000/t currently. You could probably turn it on at these “That will feed into initial studies on mining, metallurgy and generated revenue of $US213 million and contributed $US65
downstream processing. It will be a big couple of years, firstly million to government over the course of its existence.
focusing on exploration and then development. After 2-3 years Ban Phuc’s recent history has been marred by a depressed nickel
we may be able to restart the mine with the right partner.” price environment but the growing narrative around nickel’s
To kick-start the path back to production at Ban Phuc, Blackstone importance to the EV revolution is dramatically reshaping the
completed a two tranche placement to raise $2 million which was industry.
well supported by institutional investors in Europe and Australia. To this end, having the likes of LG and local private automotive
The cash injection will also allow for work to continue at start-up manufacturer VinFast headquartered in Hanoi,
Blackstone’s BC cobalt project, Canada and Silver Swan South within striking distance of Ta Khoa, means there are potential
nickel-gold project, Kalgoorlie. relationships for Blackstone to foster in country.
Williamson said the company would continue to refine existing “There has been a really good response to the option to acquire
and create new targets in BC with further geochem and soil the project and we are still focused on battery metals. Through
sampling programmes, however, it would need funding partners the relationships we built with battery end-users we quickly
with big pockets to really surge ahead. understood that they don’t just need cobalt; they need nickel
“We don’t think that the sentiment towards cobalt fits that asset and they prefer nickel sulphides,” Williamson said.
in the current market. We will refine it, we will find more targets “The jurisdiction has also been well received, no one we have
and have it ready for drilling when sentiment changes,” he said. spoken to have any real issues with Vietnam. Meanwhile, the
“With Silver Swan South being a nickel sulphide and gold play, sentiment and response to nickel has been very positive. The
there is a chance that we could drill that sometime in the next nickel price is doing the right things as LME warehouse levels
six months. But, we would have to weigh that up with Vietnam. are falling. In 12 months’ time I think we will be looking at a very
Vietnam is high priority.” improved sentiment and I think we are going to see some very
In Vietnam, the presence of potential end-users for its nickel exciting times in nickel in the next 12-18 months.”
product has further motivated Blackstone to push on at
Ban Phuc, which has attracted $US136 million in investment,

prices but we believe that by the time we are ready to restart it
the nickel price will be much higher. It is marginal at $US10,000/t,
but I am pretty happy that it works at today’s prices. We don’t
want to rush into anything; we want to make sure that we fully
understand the geology before we turn it on again,” he said.
Blackstone’s first order of business is to run an IP survey over the
disseminated sulphide zones to identify high-grade targets for
possible drilling activities to start in July.
In its former life, the Tak Khoa nickel project was characterised
by narrow vein mining of massive sulphide veins at the Ban Phuc
underground.
Blackstone’s early synopsis is that a bulk tonnage disseminated
Blackstone plugs into Vietnam sulphide orebody at mineable grades could be exploited via
open pit or continued underground operations at Ban Phuc.
“Our focus is on exploration to start with and at the same time
we want to understand what the mining scenario looks like. In the
meantime, we want to know what the downstream processing
opportunity looks like, with a big focus on the metallurgy and
converting it from a concentrate into a battery product whether
that is a hydroxide or a sulphate,” Williamson said.
“In the next 6-12 months we will do an IP survey and focus on the
An advanced high-grade nickel sulphide mine, west of Hanoi, high-grade zones within the disseminated zones for drilling. We

has compelled Blackstone Minerals Ltd to venture into Vietnam. are chasing 1% nickel, but over very broad widths, to produce a
maiden resource in the next 6-12 months.

Company: Blackstone Minerals Ltd Project: Ta Khoa, 160km west of Hanoi, Country: Vietnam
“The fact that we have bought an existing mine where all put pressure on margins and essentially forced a blanket on (ASX:BSX) Son La province Mining status: Currently 22 open cut
the hard work has been done by previous owners, plus it production. Key personnel: Non-executive chairman Commodity: Nickel sulphide mines and 23 underground mines
is a fully permitted mine with a production facility in place, “We believe that we can remove that tariff on concentrates Hamish Halliday; managing director Scott operating
gives us confidence that we can easily switch the mine back by going downstream and producing a final battery product, Williamson; technical director Andrew History: Discovered in 1945. Last mined
on at the right time,” Blackstone managing director Scott particularly with a large battery player from Asia or Korea,” Radonjic; non-executive director Steve from 2013-2016 for 975,000t @ 2.4% nickel Future strategy: Mining Master Plan
Williamson said. Williamson said. Parsons and 1% copper mined for production of 2020-2035 approved in 2018. Ban Phuc
20,700t nickel and 10,1000t copper
mine specifically identified in plan paving
Blackstone has a two-year timeframe in which to execute an By delivering a downstream dream of producing nickel and Top 20 shareholders: 60%. Board and the way for favourable permitting and
option to purchase the Ta Khoa nickel-copper-cobalt-PGE project cobalt products for the lithium-ion battery market, Blackstone management (24%); Deutsche Balaton Infrastructure: Internationally designed approvals processes
in Vietnam’s Son La province, 160km west of the capital. can reduce tariffs due to the Government from 20% to 5%. (12%); Colestar Management (7%); 450,000 tpa processing plant connected to Mining licence: A Mining Licence grant fee
hydro grid power existing; 250-man camp;
Ban Phuc was the key deposit last mined between 2013 and “That really helps the economics of a potential mine or Goldbridge Mining (7%) fully permitted tailings facility. Sealed roads recently halved under amended terms for
2016, with a total 975,000t @ 2.4% nickel and 1% copper mined development scenario. The previous owners would have got to Hai Phong port, 350km away new nickel mines
for production of 20,700t nickel and 10,1000t copper. caught up on that tariff and would not have seen the opportunity
AMR Nickel Ltd (90%) and local partner COXAMA operated the from the battery market to go downstream with a large partner.
mine, which is now on care-and-maintenance after flat-lining “They closed this mine at around $US10,000/t nickel as opposed
nickel prices and a hefty government tariff on concentrates to $US12,000/t currently. You could probably turn it on at these “That will feed into initial studies on mining, metallurgy and generated revenue of $US213 million and contributed $US65
downstream processing. It will be a big couple of years, firstly million to government over the course of its existence.
focusing on exploration and then development. After 2-3 years Ban Phuc’s recent history has been marred by a depressed nickel
we may be able to restart the mine with the right partner.” price environment but the growing narrative around nickel’s
To kick-start the path back to production at Ban Phuc, Blackstone importance to the EV revolution is dramatically reshaping the
completed a two tranche placement to raise $2 million which was industry.
well supported by institutional investors in Europe and Australia. To this end, having the likes of LG and local private automotive
The cash injection will also allow for work to continue at start-up manufacturer VinFast headquartered in Hanoi,
Blackstone’s BC cobalt project, Canada and Silver Swan South within striking distance of Ta Khoa, means there are potential
nickel-gold project, Kalgoorlie. relationships for Blackstone to foster in country.
Williamson said the company would continue to refine existing “There has been a really good response to the option to acquire
and create new targets in BC with further geochem and soil the project and we are still focused on battery metals. Through
sampling programmes, however, it would need funding partners the relationships we built with battery end-users we quickly
with big pockets to really surge ahead. understood that they don’t just need cobalt; they need nickel
“We don’t think that the sentiment towards cobalt fits that asset and they prefer nickel sulphides,” Williamson said.
in the current market. We will refine it, we will find more targets “The jurisdiction has also been well received, no one we have
and have it ready for drilling when sentiment changes,” he said. spoken to have any real issues with Vietnam. Meanwhile, the
“With Silver Swan South being a nickel sulphide and gold play, sentiment and response to nickel has been very positive. The
there is a chance that we could drill that sometime in the next nickel price is doing the right things as LME warehouse levels
six months. But, we would have to weigh that up with Vietnam. are falling. In 12 months’ time I think we will be looking at a very
Vietnam is high priority.” improved sentiment and I think we are going to see some very
In Vietnam, the presence of potential end-users for its nickel exciting times in nickel in the next 12-18 months.”
product has further motivated Blackstone to push on at
Ban Phuc, which has attracted $US136 million in investment,

























































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