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- Drilling at BlackEarth Minerals (BEM) Maniry project in Madagascar identifies graphite below the current Indicated pit levels
- The company completed a drilling program comprising 3,300 metres of infill drilling at the Razafy Resource and 600 metres of geotechnical drilling
- The infill drilling returned intersections of 10.5 metres at 8.97 per cent total graphitic carbon from 22 metres, and 9.3 metres at 9.19 per cent from 54.7 metres
- Modelling and data interpretation has commenced, and BlackEarth plans to produce a Measured Resource in the coming months
- Shares are trading down 4.55 per cent to 10.5 cents
Drilling at BlackEarth Minerals (BEM) Maniry project in Madagascar has identified graphite mineralisation below the current Indicated pit levels.
As part of the company’s current definitive feasibility study (DFS) for the project, a drilling program was completed which included 3,300 metres of infill drilling at the Razafy Resource and 600 metres of geotechnical drilling.
The infill drilling returned intersections of 10.5 metres at 8.97 per cent total graphitic carbon from 22 metres, and 9.3 metres at 9.19 per cent from 54.7 metres.
With the drilling complete, the company said the results are expected to add a material increase to its stated Inventory Resource.
According to the company, the information collated to date is consistent with all earlier drill data from this area.
Modelling and data interpretation has commenced, and BlackEarth plans to produce a Measured Resource in the coming months.
Shares were trading down 4.55 per cent to 10.5 cents at 11:05 am AEDT.
