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BlackEarth Minerals NL

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Summary

Project:

Maniry

Deposit:Razafy
Location:Madagascar
Commodities:Graphite
Date:8/9/2018
Report Code:JORC
Report Type:Resource Estimation
Project Stage:Pursuing Resource Increase/Upgrade
Report details:9-8-2018: BlackEarth Minerals NL announces a Resource Estimation report for its Razafy deposit at the Maniry project. Initial mineral resource estimate for Maniry project. BlackEarth Minerals NL (ASX: BEM) (the Company or BlackEarth) is pleased to announc
Resources:(Resource, I+I): 11.2Mt @ 7.1% TGC for 795.2Kt graphite
CP/QP:[Resources]: Annick Manfrino, Peter Langworthy (Internal;Not stated)
ABSTRACT:BlackEarth Minerals NL (ASX: BEM) (the Company or BlackEarth) is pleased to announce a it has taken a major step in its strategy to fast track the development of its 100% owned Maniry Graphite Project in Southern Madagascar with the completion of a maiden JORC compliant mineral resource estimation for the Razafy Graphite Deposit. The Razafy indicated and inferred resource, comprising of 11.2Mt @ 7.10% Total Graphitic Carbon (TGC) is summarised below in Table 1. The vast majority of the resource has been classified with a high degree of confidence at an ‘Indicated’ classification, with the remainder classified as ‘Inferred’. This resource estimate is the culmination of the Company’s 74 hole, 5,371m diamond drilling program at Razafy, which was completed earlier this year and will form the foundation of ongoing scoping study activities, which have been progressing in parallel with the resource estimation process. The Maniry Scoping Study remains on schedule for completion in Q4 2018 and will in turn pave the way for a Feasibility Study (FS) which will be completed in 2019. To that end, BlackEarth will be commencing its next phase of exploration in Q4 2018 with the aim of delineating further high-grade graphite within the Razafy Domain proximally to the high grade Razafy Graphite Deposit. Further information about the exploration potential of the Maniry Graphite Project can be found in the ASX announcement (dated 9 August 2018: Razafy Exploration Target) released in parallel with this Resource Estimation announcement.

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