Slide 1: Ta Khoa - Investor Site Visit Presentation
Ta Khoa - Investor Site Visit Presentation (ASX: BSX) August 2019 Positioned to meet demand from Asia’s growing lithium-ion battery industry
Slide 2: Projects Locations
Projects Locations An international portfolio of nickel, copper, cobalt & precious metals exploration projects BC Cobalt Belt (Cobalt-Gold) Ta Khoa (Nickel-Copper-Cobalt-PGE) Middle Creek (Gold) Silver Swan South (Gold & Nickel) www.blackstoneminerals.com.au 2
Slide 3: Projects Summary
Projects Summary An international portfolio of battery & precious metals exploration projects Ta Khoa Nickel Project (Nickel-Coper-Cobalt-PGE), Vietnam ▪ Ban Phuc Mine operated from 2013 to 2016, mining 975kt @ 2.4% Ni & 1.0% Cu for 20.7kt Ni & 10.1kt Cu1; ▪ Existing infrastructure built to Australi
Slide 4: Ta Khoa Nickel Project
Ta Khoa Project Ta Khoa Nickel Project Exploring Southeast Asia’s Premier Nickel Sulfide District Located 160km west of Hanoi in Son La Province of Vietnam, existing modern nickel mine built to Australian Standards, currently under care and maintenance; Exclusive 150km2 land package includes a 34.8k
Slide 5: Ta Khoa Nickel Project
Ta Khoa Nickel Project Located within a premier nickel sulfide district Location ▪ The Ban Phuc deposit is located 160km west of Hanoi in the province of Son La; ▪ Access to the mine is via a sealed road from Hanoi which is approximately 240 Km; ▪ The capital of Son La province, is a further 35km no
Slide 6: Existing Modern Infrastructure Built to Australian Standards
Existing Modern Infrastructure Built to Australian Standards A modern mechanised underground nickel mine built to Australian Standards currently under care and maintenance Existing Modern Infrastructure ▪ Internationally-designed 450ktpa processing facility connected to local hydro grid power; ▪ Ful
Slide 7: Existing Modern Infrastructure Built to Australian Standards
Existing Modern Infrastructure Built to Australian Standards A modern mechanised underground nickel mine built to Australian Standards currently under care and maintenance www.blackstoneminerals.com.au 7
Slide 8: Existing Modern Infrastructure Built to Australian Standards
Existing Modern Infrastructure Built to Australian Standards A modern mechanised underground nickel mine built to Australian Standards currently under care and maintenance www.blackstoneminerals.com.au 8
Slide 9: Ta Khoa Ni-Cu-Co-PGE Project
Ta Khoa Ni-Cu-Co-PGE Project Ta Khoa Dome is prospective for multiple magmatic nickel sulfide deposits www.blackstoneminerals.com.au 9 Source: Refer to ASX Announcement 8 May 2019
Slide 10: Ta Khoa Massive Sulfide Vein Prospects
Ta Khoa Massive Sulfide Vein (MSV) Prospects Extensive advanced stage high grade massive sulfide vein targets Suoi Phang ▪ 2.1 m @ 4.19% nickel, 0.36% copper & 0.14% cobalt; ▪ 1.0 m @ 5.96% nickel, 3.53% copper, 0.02% cobalt & 0.2g/t PGE; ▪ 1.0 m @ 5.98% nickel, 0.24% copper, 0.19% cobalt & 0.17g/t
Slide 11: Ta Khoa Project Two Styles of Mineralisation
Ta Khoa Ni-Cu-Co-PGE Project Two Styles of Mineralisation Ta Khoa Project has both massive sulfide veins (MSV) and disseminated sulfides (DSS) Disseminated Sulfide (DSS)* Massive Sulfide Vein (MSV)* www.blackstoneminerals.com.au 11 Source: Refer to ASX Announcement 8 May 2019 for drill results . Ima
Slide 12: Ban Phuc Disseminated Sulfide
Ban Phuc Disseminated Sulfide (DSS) Previous drilling indicates the Ban Phuc disseminated sulfide orebody has potential for significant tonnes at mineable grades based on historical results www.blackstoneminerals.com.au 12 Source: Refer to ASX Announcement 8 May 2019
Slide 13: Ta Khoa Disseminated Sulfide Prospects
Ta Khoa Disseminated Sulfide (DSS) Prospects Strong correlation between magnetics and ultramafic intrusions indicates a number of magnetic anomalies at Ta Khoa are high priority unexplored targets for disseminated sulfide orebodies Magnetic models and targets by Touchstone Geophysics PL and Orefind
Slide 14: Ta Khoa Disseminated Sulfide Prospects
Ta Khoa Disseminated Sulfide (DSS) Prospects Strong correlation between magnetics and ultramafic intrusions indicates a number of magnetic anomalies at Ta Khoa are high priority unexplored targets for disseminated sulfide orebodies Magnetic image derived from heliborne magnetic survey conducted in 1
Slide 15: Ta Khoa Multiple New IP Chargeability Targets
Ta Khoa Multiple New IP Chargeability Targets Strong correlation between IP chargeability and high grade DSS and high grade MSV mineralisation indicates a number of high priority unexplored targets exist throughout the Ta Khoa Nickel Project www.blackstoneminerals.com.au 15 Source: Refer to ASX Anno
Slide 16: Ta Khoa Multiple New IP Chargeability Targets
Ta Khoa Multiple New IP Chargeability Targets Strong correlation between IP chargeability and high grade DSS and high grade MSV mineralisation indicates a number of high priority unexplored targets exist throughout the Ta Khoa Nickel Project Source: Refer www.blackstoneminerals.com.au 16 Source: Ref
Slide 17: Ta Khoa Multiple New IP Chargeability Targets
Ta Khoa Multiple New IP Chargeability Targets Strong correlation between IP chargeability and high grade DSS and high grade MSV mineralisation indicates a number of high priority unexplored targets exist throughout the Ta Khoa Nickel Project www.blackstoneminerals.com.au 17 Source: Refer to ASX Anno
Slide 18: Ta Khoa Multiple New IP Chargeability Targets
Ta Khoa Multiple New IP Chargeability Targets Strong correlation between IP chargeability and high grade DSS and high grade MSV mineralisation indicates a number of high priority unexplored targets exist throughout the Ta Khoa Nickel Project www.blackstoneminerals.com.au 18 Source: Refer to ASX Anno
Slide 19: Downstream Processing Opportunities
Downstream Processing Opportunities Blackstone plans to build downstream processing infrastructure to supply Nickel Sulfate to the lithium-ion battery and cathode manufacturers Downstream Nickel Processing ▪ Previous owners completed engineering studies for a downstream nickel smelter to reduce tari
Slide 20: Downstream Processing: Pressure Oxidation Autoclave
Downstream Processing: Pressure Oxidation (POx) Autoclave A POx autoclave is a pressurised, agitated vessel that allows processes to be run at temperatures greater than 145○C with oxygen injection Hydrometallurgy for Downstream Nickel Processing ▪ Hydrometallurgy uses existing technology to remove i
Slide 21: Pressure Oxidation of Nickel Sulfide
Pressure Oxidation (POx) of Nickel Sulfide: Where is this being done? Autoclaves are already widely used for Nickel sulfide leaching What is the application? Where is this being done? Stillwater (Stillwater Mining) Harjavalta (Boliden) POx of nickel smelter matte Hartley x2 (Zimplats) containing low
Slide 22: Pressure Oxidation Case Study: MacRaes Gold Mine
Pressure Oxidation Case Study: MacRaes Gold Mine, New Zealand The MaCraes POx plant treats refractory gold, the sulfide concentrates are oxidised prior to cyanidation ▪ The 3.5m diameter x 12.6m long three compartment autoclave treats 23.3t/h of flotation concentrate at 40% solids; ▪ The circuit has
Slide 23: Pressure Oxidation Case Study: Hillgrove Gold-Antimony Mine
Pressure Oxidation Case Study: Hillgrove Gold-Antimony Mine, Australia The Hillgrove POx plant treats refractory gold-antimony, the sulfide concentrates are oxidised prior to cyanidation ▪ 2.2m diameter x 8.4m long five compartment autoclave; ▪ Operated for several years treating 1.5t/h pyrite – ars
Slide 24: Ta Khoa Nickel Project: Intermediate Stage Nickel Matte
Ta Khoa Nickel Project: Intermediate Stage Nickel Matte Blackstone has potential to produce a nickel matte as an intermediate stage product before committing to the final stage nickel sulfate product ▪ Sulfide concentrates are often extracted using pyrometallurgical processes such as roasting, smelt
Slide 25: Vietnamese Mining Industry
Vietnamese Mining Industry Established mining industry with a government focussed on reform and progress Vietnamese Mining Industry ▪ 22 open cut mines and 23 underground mines in Vietnam; ▪ Vietnamese Mining Master Plan (2020 –2035) approved by the Prime Minister in July 2018 specifically identifie
Slide 26: Ta Khoa Nickel Project
Ta Khoa Nickel Project Next steps….. Drilling ongoing to delineate high grade disseminated sulfides at Ban Phuc ▪ Blackstone has completed a maiden 2D IP survey and will continue drilling for high grade zones throughout the Ban Phuc disseminated sulfide (DSS) prospect; ▪ Ongoing drilling of high pri
Slide 27: Presentation Summary
Presentation Summary Proven track record of mineral discovery and corporate success An international portfolio of battery and precious metals exploration projects across Australia, Canada and Southeast Asia; Ta Khoa Nickel Project has existing modern infrastructure built to Australian Standards and
Slide 28: Appendix: Corporate Snapshot
Appendix: Corporate Snapshot A tight capital structure and well funded for further exploration Substantial Shareholders ASX Code BSX Board & Management 20% Shares on issue 160.9m Last Share Price (13 August 2019) 14c Market Capitalisation A$22.5m Cash A$1.8m Deutsche Balaton 14% Options 15.2m Top 20
Slide 29: Appendix: Board & Management Team
Appendix: Board & Management Team Proven track record of mineral discovery and corporate success Board of Directors Geologist with over 20 years corporate and technical experience, founder of Adamus Resources Limited, a A$3M float which became a multi-million Hamish Halliday Non-Executive Chairman o
Slide 30: Appendix: BC Cobalt Project Location
Appendix: BC Cobalt Project Location World class geology in a tier one mining jurisdiction BC Cobalt Project BC Cobalt Project www.blackstoneminerals.com.au 30
Slide 31: Appendix: BC Cobalt Belt Geological Setting
Appendix: BC Cobalt Belt Geological Setting Dominant land position along strike from major historic gold mines www.blackstone.com.au www.blackstoneminerals.com.au 2031 04 Source: Refer to ASX Announcement 26 July 2017 and September 2017
Slide 32: Appendix: Copper, Gold and Cobalt Soil Contours at BC Cobalt Project
Appendix: Copper, Gold and Cobalt Soil Contours at BC Cobalt Project Multiple new targets with Copper, Gold and Cobalt soil anomalies coincident with IP signatures typical of sulfide bearing bodies Jewel Cu – Au - Co Little Gem Co - Au Erebor Co - Au www.blackstoneminerals.com.au 32 Source: Refer to
Slide 33: Appendix: IP Survey Chargeability Contours at Little Gem Prospect
Appendix: IP Survey Chargeability Contours at Little Gem Prospect IP Survey confirms multiple new targets with Chargeability and Resistivity signatures typical of sulfide bearing bodies www.blackstoneminerals.com.au 33 Source: Refer to ASX Announcement 6 September 2018
Slide 34: Appendix: IP Survey Chargeability Contours at Jewel Prospect
Appendix: IP Survey Chargeability Contours at Jewel Prospect IP Survey confirms multiple new targets with Chargeability and Resistivity signatures typical of sulfide bearing bodies www.blackstoneminerals.com.au 34 Source: Refer to ASX Announcement 3 October 2018
Slide 35: Appendix: Analogous to Bou-Azzer in Morocco
Appendix: Analogous to Bou-Azzer in Morocco BC Cobalt geology is analogous to the world class Bou-Azzer primary Cobalt district Bou-Azzer in Morocco has Co-Ni Arsenide deposits with Au & Ag and is currently one of the world’s only operating primary cobalt mines; Structurally controlled and concentra
Slide 36: Appendix: Bou-Azzer District vs BC Cobalt Project
Appendix: Bou-Azzer District vs BC Cobalt Project Bou-Azzer is a world class mining district with over 50 Cobalt deposits and 75 years of Cobalt production and the Bridge River Mining Camp is a world class mining district which has never been explored for cobalt or base metals Bou-Azzer District BC
Slide 37: Appendix: Silver Swan South Project
Appendix: Silver Swan South Project Nearby world class gold and nickel mines Silver Swan South Kalgoorlie Perth www.blackstoneminerals.com.au 37
Slide 38: Appendix: Silver Swan South Emerging Gold Discovery
Appendix: Silver Swan South Emerging Gold Discovery Along strike of the world class Kanowna Belle Gold Mine (+5 Moz gold endowment) High priority nickel sulfide & gold targets Black Eagle Prospect ▪ 10 m @ 3.2 g/t Au from 68 m ▪ 3 m @ 3.5 g/t Au from 60 m Kanowna Belle + 5 Moz Discovery RAB ▪ 4 m @
Slide 39: Appendix: Silver Swan South Gold & Nickel Targets
Appendix: Silver Swan South Gold & Nickel Targets Actively exploring for gold and nickel sulfides 10 km to Silver Swan and Black Swan Nickel Mines 166 kt Nickel High priority nickel sulfide & gold targets RIA 167: 3 m @ 3.5 g/t Au from 60 m SNAC070: 10 m @ 3.2 g/t Au from 68 m SNAC027: 3 m @ 2.6 g/t
Slide 40: Appendix: Silver Swan South Nickel-Cobalt sulfides
Appendix: Silver Swan South Nickel-Cobalt sulfides Nickel-Cobalt Sulfide targets at the Silver Swan South Project near Kalgoorlie, Western Australia Black Eagle Ni-Co Black Falcon Ni-Co www.blackstoneminerals.com.au 40
Slide 41: Forward Looking Statement & Competent Person Statement
Forward Looking Statement & Competent Person Statement ▪ This presentation may contain certain forward looking statements and projections regarding: - estimated, resources and reserves; - planned production and operating costs profiles; - planned capital requirements; and - planned strategies and co
Slide 42: Suite 3, Level 3, Outram Street
Suite 3, Level 3, 24 Outram Street, West Perth, WA, 6005 T: +61 8 6425 5217 | F: +61 8 6500 9982 | E: admin@blackstoneminerals.com.au | www.blackstoneminerals.com.au @blackstone_BSX @blackstoneminerals Blackstone Minerals