Blackstone Minerals Ltd · ASX:BSX
Blackstone Minerals — Corporate Update (June 2019)
36 slides from Blackstone Minerals's corporate update, Jun 11, 2019
Slide 1: Ta Khoa - Investor Site Visit Presentation
For personal use only Ta Khoa - Investor Site Visit Presentation (ASX: BSX) June 2019 Exploring Southeast Asia’s Premier Nickel Sulfide District
Slide 2: Projects Locations
Projects Locations An international portfolio of nickel, copper, cobalt & precious metals exploration projects For personal use only 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 For personal use only 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 infrastruc
Slide 4: Ta Khoa Nickel Project
Ta Khoa Project Ta Khoa Nickel Project For personal use only 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 pa
Slide 5: Ta Khoa Nickel Project: Located within a premier nickel sulfide district
Ta Khoa Nickel Project Located within a premier nickel sulfide district For personal use only 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
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 For personal use only Existing Modern Infrastructure ▪ Internationally-designed 450ktpa processing facility connected to local h
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 For personal use only 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 For personal use only www.blackstoneminerals.com.au 8
Slide 9: Ban Phuc Historic Costs vs Long Term Historic Nickel Prices
Ban Phuc Historic Costs vs Long Term Historic Nickel Prices Comparison between historic operating costs at Ban Phuc nickel mine and long term historic nickel prices Ban Phuc Historic Costs1 Ban Phuc Historic Costs1 For personal use only (US$/lb Nickel Produced) (US$/lb Combined Metal Produced) Minin
Slide 10: 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 For personal use only www.blackstoneminerals.com.au 10
Slide 11: 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 For personal use only www.blackstoneminerals.com.au 11 Source: Refer to ASX Announcement 8 May 2019
Slide 12: Ta Khoa Ni-Cu-Co-PGE 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) For personal use only Disseminated Sulfide (DSS)* Massive Sulfide Vein (MSV)* www.blackstoneminerals.com.au 12 Source: Refer to ASX Announcement 8 May 2019 f
Slide 13: Ban Phuc Disseminated Sulfide (DSS)
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 For personal use only www.blackstoneminerals.com.au 13 Source: Refer to ASX Announcement 8 May 2019 for full d
Slide 14: Ta Khoa Massive Sulfide Vein (MSV) Prospects
Ta Khoa Massive Sulfide Vein (MSV) Prospects Extensive advanced stage high grade massive sulfide vein targets Suoi Phang For personal use only ▪ 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
Slide 15: Ta Khoa Disseminated Sulfide (DSS) Prospects
Ta Khoa Disseminated Sulfide (DSS) Prospects Advanced stage disseminated sulfide targets Ban Khang For personal use only ▪ Located 6km northwest of Ban Phuc; ▪ Discrete magnetic anomaly consistent with a mafic or ultramafic body ~300m long with a swarm of tremolite dykes; ▪ Soil sampling and trenchi
Slide 16: Downstream Processing Opportunities
Downstream Processing Opportunities Potential to build downstream processing infrastructure to supply increasing demand from Lithium Ion battery and cathode manufacturers For personal use only Downstream Nickel Processing ▪ Previous owners completed engineering studies for a downstream nickel smelte
Slide 17: Downstream Processing: Pressure Oxidation (POx) Process
Downstream Processing: Pressure Oxidation (POx) Process Blackstone investigates plans to build downstream processing infrastructure to supply the Lithium Ion battery industry (see Example Pressure Oxidation flowsheet below) For personal use only Source: Independence Group www.blackstoneminerals.com.
Slide 18: Downstream Processing: Albion Process
Downstream Processing: Albion Process Blackstone investigates plans to build downstream processing infrastructure to supply the Lithium Ion battery industry (see Albion Process flowsheet below) For personal use only Source: Glencore Technology Source: Glencore Technology Source: Glencore Technology
Slide 19: Downstream Processing: POx vs Albion Process
Downstream Processing: POx vs Albion Process Blackstone investigates plans to build downstream processing infrastructure to supply the Lithium Ion battery industry (see POx vs Albion Process below as example) For personal use only Source: Glencore Technology Source: Glencore Technology Source: Glenc
Slide 20: Vietnamese Mining Industry
Vietnamese Mining Industry Established mining industry with a government focussed on reform and progress For personal use only 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
Slide 21: Presentation Summary
Presentation Summary Proven track record of mineral discovery and corporate success For personal use only 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 Aus
Slide 22: Corporate Snapshot
Appendix: Corporate Snapshot A tight capital structure and funded for further exploration For personal use only Substantial Shareholders ASX Code BSX Board & Management Shares on issue 122.2m 24% Last Share Price (7 June 2019) 7.7c Market Capitalisation A$9.4m Cash ~A$1.0m Colestar Management Option
Slide 23: Board & Management Team
Appendix: Board & Management Team Proven track record of mineral discovery and corporate success For personal use only 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 No
Slide 24: BC Cobalt Project Location
Appendix: BC Cobalt Project Location World class geology in a tier one mining jurisdiction For personal use only BC Cobalt Project BC Cobalt Project www.blackstoneminerals.com.au 24
Slide 25: BC Cobalt Belt Geological Setting
Appendix: BC Cobalt Belt Geological Setting Dominant land position along strike from major historic gold mines For personal use only www.blackstone.com.au www.blackstoneminerals.com.au 2025 04 Source: Refer to ASX Announcement 26 July 2017 and 6 September 2017
Slide 26: 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 For personal use only Jewel Cu – Au - Co Little Gem Co - Au Erebor Co - Au www.blackstoneminerals.com.
Slide 27: 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 For personal use only www.blackstoneminerals.com.au 27 Source: Refer to ASX Announcement 6 September 2018
Slide 28: 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 For personal use only www.blackstoneminerals.com.au 28 Source: Refer to ASX Announcement 3 October 2018
Slide 29: 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 For personal use only 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 co
Slide 30: 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 For personal use only
Slide 31: Silver Swan South Project
Appendix: Silver Swan South Project Nearby world class gold and nickel mines For personal use only Silver Swan South Kalgoorlie Perth www.blackstoneminerals.com.au 31
Slide 32: 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) For personal use only 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
Slide 33: 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 For personal use only 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
Slide 34: 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 For personal use only Black Eagle Ni-Co Black Falcon Ni-Co www.blackstoneminerals.com.au 34
Slide 35: 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; For personal use only - planned production and operating costs profiles; - planned capital requirements; and - pla
Slide 36: For personal use only
For personal use only 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 Minerals @blackstoneminerals @blackstone_BSX