Bulk Ore Sample to Support Ta Khoa Piloting Program

Blackstone Minerals Limited (“Blackstone” or the “Company”) is pleased to inform investors that mining activities have recommenced at the Company’s 90% owned Ta Khoa Nickel Project in northern Vietnam.

Using a combination of Australian and Vietnamese mining professionals and operators, Blackstone will:

• Complete ~1,000m of development through the Ban Phuc disseminated orebody generating nickel ore representative of the life of mine plant feed.
• Recommission the Ban Phuc Nickel Concentrator to produce two batches of Nickel Concentrate for use in the Ta Khao Refinery piloting programs.
• Deliver the first batch of concentrate to Perth for treatment by ALS Laboratories in the first phase piloting program.
• Process and store the second batch for use in the second phase pilot plant which will be built in Son La in 2022.

Figure 1 – Ta Khoa Management Team and the Underground Mining Contractor outside the Ban Phuc Portal

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