Blackstone Minerals Ltd - Blackstone positions Ta Khoa Nickel-Cu-PGE Project for Li-ion battery market with positive Scoping Study
Blackstone Minerals Ltd (ASX:BSX)

Blackstone positions Ta Khoa Nickel-Cu-PGE Project for Li-ion battery market with positive Scoping Study

Highlights

What's happened?

Blackstone Minerals Ltd (ASX: BSX, “Blackstone”) has announced the completion of the Scoping Study for the development and restart of the Ta Khoa Nickel-Cu-PGE Project in Vietnam.

Note: Please refer to the cautionary statement on the announcement in conjunction with the highlights outlined here.

What are the key highlights?

  1. Maiden Ban Phuc DSS indicated resource of 44.3Mt at 0.52% Ni for 229kt Ni and Inferred Mineral Resource of 14.3Mt at 0.35% Ni for 50kt Ni.
  2. Annual production of ~12.7ktpa Ni over ~8.5-year project life.
  3. Gross Revenue of ~US$3.3 billion (US$2.95 billion to US$3.6 billion).
  4. Pre-production capital cost of ~US$314m including contingency.
  5. Pre-tax NPV (8% discount) of ~US$665m (US$550m to US$780m) and ~45% IRR (38% to 50% IRR).
  6. Economically robust nickel sulfide project to produce downstream nickel: cobalt: manganese (NCM) Precursor products for the Lithium-ion battery industry.
  7. Upside opportunities include staged Capex, by-product credits (including copper, gold, platinum, palladium and rhodium), King Cobra Discovery Zone (KCZ), Ban Chang, Ta Cuong and 25 untested massive sulfide vein (MSV) targets.

For more information, please refer to the link below.

Managing Director's Summary

Scott Williamson

"The Scoping Study defines a project path that maximises economics, minimises environmental and social impacts, and offers a lasting legacy to the people in our local community. Whilst we are pleased with the outcomes of this study, we will continue to expand our resource and increase our production potential in this exciting, and yet under-explored region of Vietnam and have commenced work on PFS level studies for the project."

Scott Williamson
Managing Director, Blackstone Minerals Ltd

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