BlackEarth Minerals is an emerging developer on the path to becoming a vertically integrated global graphite business.
Its twin aims are developing its flagship project, the Maniry natural flake graphite project in Madagascar, and downstream processing. The company has a 50:50 joint venture agreement with Metachem Manufacturing to develop an expandable graphite facility in India, with construction anticipated to commence in Q4, and commissioning and cash flow in 2022.
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A scoping study for Maniry in 2019 estimated a 10-year operation with an initial capex of US$41 million, an NPV (post-tax, 10%) at $78.4 million and IRR at 35.4%.
A definitive feasibility study is slated for 2022 and Maniry is expected to be in production in 2023. BlackEarth has a binding offtake agreement for expandable graphite with a European buyer and arrangements in place covering Maniry's refractory and battery-grade graphite potential.
In Western Australia, the company is exploring its Donnelly River nickel-copper-platinum group elements project.
ABOUT THIS COMPANY
BlackEarth Minerals
BlackEarth Minerals (ASX:BEM) is a vertically integrated graphite developer with advanced mining projects in Madagascar and base metal prospects (Ni-Cu-PGE) in Western Australia.
HEAD OFFICE:
- Level 3 1138 Hay St West Perth WA 6005, Australia
- Phone: +61 8 61589916
- Web: www.blackearthminerals.com.au
- Email: info@blackearthminerals.com.au
SOCIAL MEDIA:
Quoted shares
- 271M fully paid ordinary shares on issue
Market cap
- A$37.9M (based on A$0.14 / share)
