Blackstone Minerals Ltd · ASX:BSX
Blackstone Minerals — Investor Presentation (January 2020)
24 slides from Blackstone Minerals's investor presentation, Jan 20, 2020
Slide 1: Corporate Presentation
CORPORATE PRESENTATION (ASX: BSX) For Further Information: Scott Williamson – Managing Director Nathan Ryan – Investor and Media Inquiries January 2020 www.blackstoneminerals.com.au | admin@blackstoneminerals.com.au
Slide 2: Summary of Opportunity - Ta Khoa Magmatic Ni Sulfide District and Ban Phuc
Summary of Opportunity - Ta Khoa Magmatic Ni Sulfide District and Ban Phuc Ni (Cu Co PGE) Deposit, Vietnam → The Board and Management of Blackstone believe the Ta Khoa district and Ban Phuc mine represent a rare opportunity to invest in a premier, infrastructure advantaged, district scale, Nickel PG
Slide 3: Corporate Overview
Corporate Overview Blackstone Minerals is a leading battery and precious metals exploration and development ASX Code BSX company focused on the flagship Ta Khoa Nickel PGE (Cu Co) sulfide project Shares on Issue 191.7m Board of Directors Last Share Price (15 Jan 2020) 17c Over 20 years corporate and
Slide 4: Project Portfolio
Project Portfolio Ta Khoa Nickel District / Ban Phuc Nickel PGE (Cu Co) Sulfide Deposit → Option to Purchase 90% • Ban Phuc mining leases and deposits, 34.8km2 of exploration and mining leases with multiple Ni PGE (Cu Co) prospects, a well maintained 450ktpa mill, concentrator and mine facilities bu
Slide 5: Lithium-ion battery technology and Ni (Co) demand from the EV revolution
Summary of Lithium-ion battery technology and Ni (Co) Demand Predicted from the EV Revolution → Nickel and Cobalt are used in the most dominant battery chemistries for electric vehicles (EVs) – NMC (Ni Mn Co) and NCA (Ni Co Al) • Cathode and battery manufacturers are moving towards higher nickel and
Slide 6: Ta Khoa Nickel PGE (Cu Co) Sulfide Project
Ta Khoa Nickel PGE (Cu Co) Sulfide Project Large Scale, Infrastructure Advantage, Epicentre of Asia Electronics and EV Manufacturing Large scale modern underutilised hydroelectric power generation within Son La province, Vietnam Vietnam is the centre of a large electronics manufacturing industry wit
Slide 7: Blackstone Ta Khoa/Ban Phuc Option Agreement Terms
Blackstone Ta Khoa/Ban Phuc Option Agreement Terms → Option to purchase 90% Ta Khoa Nickel District and Ban Phuc Mine Processing Facilities → BSX has attributable exploration spend to date approaching the A$1M trigger required to trigger a 12 month extension to the option period (total 24 months) →
Slide 8: Vietnam: Strong Manufacturing Lead Economy and Government Support for Mining
Vietnam: Strong Manufacturing Lead Economy and Government Support for Mining Strong Economic Growth, Foreign Investment and Trade Policies • GDP growth of 7.1% and foreign direct investment of $15.8b (2018) • Well-developed transport, telecommunications and power infrastructure including underutilis
Slide 9: Ta Khoa Nickel District: Deposit Analogies, District Geology and Exploration Results
Ta Khoa Nickel District: Deposit Analogies, District Geology and Exploration Results Ban Phuc Disseminated Sulfide
Slide 10: District Geological Setting and Deposit Model
Ta Khoa Nickel District Geological Setting and Deposit Model Deposit Model Norilsk District Nickel PGE (Cu Co) Ban Phuc Tunguska Flood Basalts Circum Pacific orogens Ni-Cu – (PGE) Transbaikal backarc rifts Sulfide-dominated deposit1 • Ta Khoa Nickel District analogy Altaid orogenic collage Ni-Cu Sul
Slide 11: Ta Khoa Nickel PGE District - Opportunity
Ta Khoa Nickel – PGE District - Opportunity Ta Khoa Nickel – PGE (Cu – Co) District • District scale nickel sulfide PGE (Cu Co) project Suoi Phang • Over 25 advanced stage massive sulfide vein 6.0% Ni, 3.5% Cu 0.2 g/t PGE Blackstone Ban Phuc DSS (MSV) targets and a number of large bulk- Ban Khang to
Slide 12: Latest Ban Phuc drill results; King Cobra Discovery
Ta Khoa Nickel PGE (Cu Co) Sulfide Project Latest Ban Phuc drill results; King Cobra Discovery Ban Phuc Drillhole Locations – Plan View Ban Phuc 3D-View Drill Results and Infrastructure → Aggressive Blackstone drill program in progress with four rigs on site Ban Phuc ultramafic intrusive and → Black
Slide 13: Ban Phuc Disseminated Sulfide (DSS)
Ban Phuc Disseminated Sulfide (DSS) Section 49750 Section 49800 • Large tonnage, bulk mining scenario • Open Pit & Underground potential • Shallow, high grade starter pit options • Significant potential for Pt+Pd+Au by-product credits • Low strip ratio open pit mining or large bulk underground minin
Slide 14: Ban Phuc DSS – King Cobra Discovery
Ban Phuc DSS – King Cobra Discovery Section 49850 Section 49900 • Blackstone recently discovered the King Cobra shallow, high grade zone within the Ban Phuc DSS • The King Cobra discovery provides a potential vector towards the high grade “feeder zone” • Approximately one third of the Ban Phuc DSS t
Slide 15: Ta Khoa Scoping Study and Downstream Opportunities
Ta Khoa Scoping Study and Downstream Opportunities Ban Phuc 450ktpa Concentrator
Slide 16: Leveraging Previous Drilling for Initial Disseminated Resource
Leveraging Previous Drilling for Initial Disseminated Resource Ban Phuc: 50,000mE Ni % BP08-09 < 0.1 BP04-63 0.1 – 0.2 New drill results BP97-03 Holes completed BP04-68 0.2 – 0.3 results pending BP04-35 0.3 – 0.6 Previously reported BP97-06 0.6 – 1.0 drilling results Ban Phuc LK-47 1.0 – 2.5 Pre BSX
Slide 17: Ta Khoa Downstream Nickel Sulfate Refinery
Ta Khoa Downstream Nickel Sulfate Refinery Blackstone is advancing an initial scoping study in parallel with resource drilling that includes plans for a Nickel Sulfate Refinery in Vietnam • Metallurgical text work commenced on disseminated mineralisation • Competitive input costs based on bulk minin
Slide 18: Low Operating Cost Environment vs Equivalent Western Operations
Low Operating Cost Environment vs Equivalent Western Operations → Using historic operating costs for narrow vein mining at Ban Phuc vs a similar mine in Australia → costs approx. 25% lower in Vietnam → It is anticipated that this differential will also be reflected in the operating costs of a bulk m
Slide 19: Blackstone Comparison to ASX-listed Nickel Sulfide Company Valuations
Blackstone Comparison to ASX-listed Nickel Sulfide Company Valuations Over the coming months Blackstone will deliver a maiden resource and an initial scoping study. This has the potential to deliver growth in market capitalisation bringing Blackstone in line with other more advanced ASX-listed nicke
Slide 20: Ban Phuc Exploration Drilling
Ban Phuc Ban Phuc Ban Phuc Ban Phuc Ban Phuc 20 Exploration Drilling Massive Nickel Sulfide Disseminated Nickel Sulfide King Cobra Discovery 450ktpa Concentrator
Slide 21: Ta Khoa Nickel District – Anticipated News Flow
Ta Khoa Nickel District – Anticipated News Flow Consistent News Flow anticipated from Blackstone’s ongoing aggressive exploration program at the Ta Khoa Nickel PGE (Cu Co) Project: • King Cobra Discovery drilling continues at depth targeting potential “feeder zone” mineralisation (ongoing) • Ban Phu
Slide 22: Presentation Summary
Presentation Summary Proven track record of mineral discovery and corporate success → An international portfolio of high-quality battery and precious metals exploration projects across South East Asia, North America and Australia → Exploring the Ta Khoa Nickel Project, South East Asia’s Premier Nick
Slide 23: Disclaimer
Disclaimer Forward Looking 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 corporate objectives
Slide 24: Contact details
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 This presentation has been prepared for Blackstone Minerals by Global Ore Disc
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