GR Engineering Services Appointed to Lead Ta Khoa Nickel Project Upstream Definitive Feasibility Study

Blackstone Minerals Limited (“Blackstone” or the “Company”) is pleased to announce the appointment of Tier 1 process engineering, design and construction company GR Engineering Services Limited (GRES) as the primary consultant in the delivery of the Upstream Definitive Feasibility Study (“DFS”) for the Ta Khoa Nickel Project (TKNP).

As the primary consultant GRES will focus on the delivery of major workstreams including process infrastructure, metallurgical testwork and co-disposal tailings storage. GRES will also co-ordinate, collaborate with and collate information from other key workstreams including mining studies.

Highlights of Blackstone’s engagement with GRES include:

• Proven track record and relevant experience to deliver the TKNP DFS:
  • West Musgrave Nickel Project – DFS completed for Oz Minerals Ltd
  • Cosmos Expansion Project – EPC services provided to Western Areas Ltd
  • Nova Nickel Project – EPC services provided to Sirius (now IGO Ltd)
  • Cosmic Boy Nickel Project – EPC services for initial construction and expansion for Western Areas NL.
  • Sinclair Nickel Project – EPC Services provided to Jubilee Mines (now Northern Star Resources Ltd.)
• GRES provides full life-cycle engineering services from feasibility studies through to delivery of projects under both EPC and EPCM models
• GRES has an excellent reputation with financing institutions, providing confidence in completed feasibility studies.

Scott Williamson, Blackstone’s Managing Director, said:

“We are delighted to appoint GRES to drive the delivery of the Ta Khoa Nickel Project Upstream Definitive Feasibility Study and consider their engagement to be an endorsement of Blackstone’s strategy. GRES adds to an already impressive team of engineers that are contributing to the design and development of the Ta Khoa Project. Blackstone continues to de-risk its development strategy both from a technical and funding perspective, and looks forward to updating the market as we take key steps towards a final investment decision.

Authorised by the Managing Director on behalf of the Board.

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