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BlackEarth Minerals NL
Summary
| Project: | Maniry | |
|---|---|---|
| Deposit: | Maniry | |
| Location: | Madagascar | |
| Commodities: | Graphite | |
| Date: | 3/21/2019 | |
| Report Code: | JORC | |
| Report Type: | Scoping Study | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 21-3-2019: BlackEarth Minerals NL announces a Scoping Study report for its Maniry deposit at the Maniry project. Clarified previous scoping study due to enhanced feed grade. BlackEarth Minerals NL (ASX: BEM) (“BlackEarth”, the “Company”) has previously an | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Peter Langworthy (OmniGeoX Pty Ltd.) | |
| ABSTRACT: | BlackEarth Minerals NL (ASX: BEM) (“BlackEarth”, the “Company”) has previously announced that a focus during the Feasibility Study for the Maniry Graphite Project will be maximising basket price through further metallurgical test work, and further exploration to enhance feed grade because an increase in feed grade from 6.3% to 7.3% results in a project NPV of US$152m and an IRR of 55% (for example in the slide titled “Financial Return*” in the presentation released by the Company on 30 January 2019 in the announcement titled “BEM progressing to full feasibility”). The project NPV and IRR in the case of a 7.3% feed grade is derived from the sensitivity analysis contained within the scoping study for the Maniry Graphite Project announced on 30 January 2019. Graphs from the Scoping Study showing the sensitivity analysis (and now plotting in red the position in the case of a 7.3% feed grade) are extracted below and on the following page as Figures 1 and 2. The purpose of the disclosures was to explain one of the Company’s focuses during the Feasibility Study in terms of the previously announced sensitivity analysis. No new work or information underpins the disclosures and the Production Targets and the forecast financial information for the Maniry Graphite Production remain as disclosed in the scoping study. | |
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