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BlackEarth Minerals NL
Summary
| Project: | Maniry | |
|---|---|---|
| Deposit: | Maniry | |
| Location: | Madagascar | |
| Commodities: | Graphite | |
| Date: | 1/30/2019 | |
| Report Code: | JORC | |
| Report Type: | Scoping Study | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 30-1-2019: BlackEarth Minerals NL announces a Scoping Study report for its Maniry deposit at the Maniry project. Scoping study results incl. pre-tax NPV of US $103M (10%), IRR of 41.9%, 10yr LOM at the project. BlackEarth Minerals NL (BlackEarth) is an Au | |
| Resources: | (Resource, I+I): 11.2Mt @ 7.10% TGC | |
| CP/QP: | [Overall Report]: Peter Langworthy (OmniGeoX Pty Ltd.) | |
| ABSTRACT: | BlackEarth Minerals NL (BlackEarth) is an Australian-based exploration company, listed on the Australian Securities Exchange with key exploration projects located in Madagascar including the Maniry Graphite and Ianapera Graphite Projects. This Scoping Study relates to the development of the Maniry Graphite Project (Maniry or the Project). In August 2018, BlackEarth announced a maiden Mineral Resource Estimate for the Razafy deposit, which is part of Maniry, of 11.2 Mt @ 7.1% Total Graphitic Carbon (TGC). The principal ore source for the Project is anticipated to be the Razafy deposit. In addition to resource definition drilling, a drill program was completed to generate core samples for metallurgical testwork. The drill core samples were used to generate representative composite samples for testwork aimed at providing initial process design information as well as graphite flake size and concentrate grades and recoveries for the Scoping Study. The Scoping Study proposes the Maniry Project comprises the staged development of an open pit mine, processing plant and associated infrastructure including water supply, power generation, accommodation village and tailings storage facility. The plant will be initially designed to process 500kt/y and will be expanded by the addition of a second parallel module during its third year of production to process a total of 1Mt/y of ore at the commencement of year 4. Preliminary pit optimisation and mining schedule have been completed with mining expected to be undertaken by conventional open cut mining techniques, on a contract basis to deliver 500 kt/y of ore increasing to 1 Mt/y of ore in year 4. The estimated LOM diluted mine ore grade is 6.3% TGC at a waste to ore ratio of 0.9:1. | |
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