Blackstone Minerals

Quarterly Report for the Period Ending 30 June 2024

Blackstone Minerals Limited (ASX:BSX) is pleased to share its quarterly report for the period ending 30 June 2024.

HIGHLIGHTS:

• The Company commenced the precursor cathode active material (“pCAM”) NCM811 (nickel-cobalt- manganese in a ratio of 8-1-1) pilot program in May 2024. This is the last stage of outstanding testwork required to finalise the definitive feasibility studies (“DFS”).
• The Company is in the final stages of completing the Ta Khoa Refinery (“TKR”) DFS. Outstanding DFS activities include, pCAM piloting program, residue handling testwork and facility design and finalising geotechnical assessments. Completion of these activities will allow the Company to release the DFS within CY24.
• The Company continues to engage the Son La Provincial Government and with respect to the TKR Investment Policy application. The Company has progressed drafting the Ta Khoa Nickel (“TKN”) Investment Policy Application document.
• End of quarter cash position of $4.16m, following receipt of ~$1m research and development advance funding agreement.
• Listed investments of $1.6m at the end of the quarter.


For a video summary of the announcement head to the Blackstone Investor Hub
https://investorhub.blackstoneminerals.com.au/link/7PRd7e

PROJECT UPDATE

TA KHOA REFINERY COMMENCES pCAM PILOTING

After successful completion of both the Ta Khoa Nickel (“TKN”) and Ta Khoa Refinery (“TKR”) pilot campaigns to produce battery grade nickel and cobalt sulphates (Refer to ASX announcement 15 November 2022), Blackstone commenced pCAM piloting in May 2024.

The pCAM pilot program is the last stage of testwork required to allow the Company to finalise TKR DFS testwork activities. The pCAM pilot program will utilise feedstock generated during the TKR pilot program to produce on-specification pCAM material in the chemistry of NCM811 to ‘typical’ lithium-ion battery standards for the EV market.


Click here for the full ASX Release

This article includes content from Blackstone Minerals, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

BSX:AU
Blackstone Minerals

Blackstone Minerals Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
Blackstone Minerals

Blackstone Minerals


Keep reading...Show less

Promising new source of low-carbon, battery-grade nickel

Ni-Co Energy

Ni-Co Energy

Keep reading...Show less
Nickel block on periodic table, highlighting element nickel, atomic number 28.

Western Mines Completes Maiden Resource for Mulga Tank Nickel Deposit

Western Mines Group (ASX:WMG) has completed the first mineral resource estimate for the shallow disseminated nickel sulphide mineralisation at its flagship Mulga Tank project.

Located on the Minigwal greenstone belt in Western Australia's Eastern Goldfields region, Mulga Tank is a nickel, cobalt, copper and platinum-group metals (PGMs) project.

According to Western Mines, the resource estimate is based on all of its drill results to date, and outlines a "significant mineralised zone" in the main body of the Mulga Tank complex.

Keep reading...Show less
Canadian flag draped over "Ni" symbol and stock chart.

Top 5 Canadian Nickel Stocks of 2025

Nickel prices experienced a volatile year in 2024 due to uncertainty on both the demand and supply sides.

This trend has continued into the first quarter of 2025 and is expected to remain for the year.

While this environment has been tough, some nickel stocks are still thriving.

Keep reading...Show less
Drill core samples in box.

Top 5 Canadian Mining Stocks This Week: Noble Mineral Exploration Gains 114 Percent on Nickel Assays

Welcome to the Investing News Network's weekly look at the best-performing Canadian mining stocks on the TSX, TSXV and CSE, starting with a round-up of Canadian and US news impacting the resource sector.

This week, the US Bureau of Labor Statistics released key inflation data, including its consumer and producer price index data on Wednesday (March 12) and Thursday (March 13). The reports show all items inflation was up 2.8 percent year-over-year in February, while core inflation — all items minus food and energy — was up 3.1 percent over that period. Both rose by 0.2 percent compared to January.

The numbers show that inflation has largely become stuck and is still far from the 2 percent target rate set by the US Federal Reserve. The data provides further insight into the health of the overall economy ahead of the Federal Open Market Committee meeting next week. The consensus among analysts is the Fed will choose to maintain its benchmark rate at 4.25 to 5 percent.

Keep reading...Show less
Blackstone Minerals

Blackstone Minerals Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

×