Ta Khoa Drilling Update

Blackstone Minerals Limited (“Blackstone” or the “Company”) is pleased to provide an update on drilling at the Company’s flagship Ta Khoa Nickel Project (TKNP) in northern Vietnam.

• Portable XRF records up to 20% Ni at New Massive Sulfide Discovery
• Resource drilling at Ban Chang and King Snake continues to deliver impressive results

• At the Suoi Phang prospect (refer Figures 2, 3), drill hole SP22-01 has intersected 2.95m of sulfide (including MSV, SMSV and NTS) with Portable XRF readings indicating the presence of up to 20% Ni (refer Table 1, Table 3, Table 4 and Appendix 1)
• At the Suoi Chanh prospect (refer Figure 4), the second drill hole SC22-02 has intersected SMSV consistent with the Blackstone Electromagnetic (EM) targeting.

Resource Drilling

Blackstone has continued to drill its most advanced MSV deposits (Ban Chang & King Snake), primarily focusing on upgrading the current resources (refer ASX announcement 23 December 2021) into a higher confidence category. At King Snake, the most recent drilling indicates potential for the deposit to continue to plunge further west and at depth (refer Image 1, Figure 7, Figure 8 & Table 2).

Highlights from infill drilling at Ban Chang include:

Highlights from infill drilling at King Snake include:

Scott Williamson, Blackstone’s Managing Director, said:

“It is an exciting phase of exploration for the Company as we start to look at massive sulfide opportunities in addition to Blackstone’s established resources at Ban Chang and King Snake. Suoi Chanh is yet another example of our in-house geophysics teams proven track record, with success being achieved from the second drill hole. We look forward to continuing to systematically assess the massive sulfide potential at Ta Khoa.”

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