Update on Rare Earths in Vietnam

Blackstone Minerals Limited (“Blackstone” or the “Company”) wishes to provide an update on the Company’s rare earth strategy, which focusses on securing the Dong Pao mineral concessions, host to large and high-grade rare earth deposits in northern Vietnam (refer ASX announcement 26 July 2023). Blackstone has been made aware of a recent media article detailing an ongoing investigation into the Chairman of Vietnam Rare Earths Joint Stock Company (“VTRE”), Luu Anh Tuan. The Company would like to confirm that Blackstone is not part of and has no involvement in any investigation relating to Mr Tuan.

---

The Company confirms that it remains committed and will continue to prepare for a potential auction of concessions in Dong Pao, when the Vietnamese Government decides to proceed. Blackstone has the requisite skills, capability and local footprint to be competitive in an auction process.

Blackstone Minerals’ Managing Director, Scott Williamson, commented:

“Vietnam has the potential to be a significant contributor to the global rare earth supply chain and Blackstone remains committed to helping Vietnam realise this ambition.”

Click here for the full ASX Release

This article includes content from Blackstone Minerals Limited, 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.