BlackEarth Minerals NL Drill Program at High Grade Razafy North West Area continues to extend graphite mineralisation along strike

BlackEarth Minerals NL (ASX: BEM)

Highlights:

  • The program verified continuity of graphite mineralisation along strike and also successfully explored for depth extensions.
  • The completed program is expected to add further medium to high grade material to the Company’s stated Inventory Resource
  • Updates to the Inventory Resource will be included in the Company’s soon to be completed and released Definitive Feasibility Study (“DFS”)
  • BlackEarth has completed a follow-up 1,670 m diamond drilling program at its high grade Razafy North West Resource.
  • Assay results expected to be received in coming weeks
  • Surface trenching to commence shortly on the western end of drill lines

BlackEarth Minerals NL (ASX: BEM) (the Company or BlackEarth) is pleased to announce it has completed its Razafy Northwest (NW) diamond drilling at its 100% owned Maniry Graphite Project in Southern Madagascar.

The 2022 infill diamond drilling program was designed to verify continuity of graphite mineralisation along strike between existing drill holes, to check for up-dip continuity and to explore for depth extensions. This program follows the successful Razafy NW Mineral Resourse estimate reported in 2021 which was based originally on 21 diamond drill holes

BlackEarth Managing Director, Tom Revy, commented – “We are particularly pleased that the drilling has largely confirmed the continuity of graphite mineralisation along strike and at depth and we look forward to seeing the assay results shortly.

Every new tonne of high grade material we add to our Mineral Inventory from Razafy NW has the potential to increase Project value for our shareholders and we look forward to informing the market about this in our soon to be published DFS”

/Public Release.