Blackstone Minerals Ltd - King Cobra Discovery Extended At Depth - 47m at 1% Nickel from 65m
Blackstone Minerals Ltd (ASX:BSX)

King Cobra Discovery Extended At Depth - 47m at 1% Nickel from 65m

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Highlights

What's happened?

Blackstone Minerals Ltd (ASX: BSX, “Blackstone”) has extended the King Cobra discovery zone (KCZ) at depth with the following significant down-dip extension results:

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What are the key highlights?

  1. Blackstone’s drill holes are located within the centre of the KCZ where the Company continues to drill at depth.
  2. The King Cobra discovery remains open down dip and along strike.
  3. Blackstone continues with one diamond drill rig targeting down dip extensions of the KCZ and two diamond drill rigs testing massive sulfide vein targets at Ban Chang.
  4. Blackstone’s Scoping Study on downstream processing to produce nickel sulfate for the lithium-ion battery industry and a Ban Phuc maiden resource are on track for completion during Q3.

For further information please refer to the announcement linked below.

Managing Director's Summary

Scott Williamson

"Drilling at our KCZ continues to deliver high-grade, shallow, disseminated nickel sulfide mineralisation. The broad intersections are proving up down-dip extensions to what looks like a very economic starter pit scenario at King Cobra. We look forward to further shallow, high-grade results from King Cobra while we also continue to aggressively drill the exciting MSV targets such as Ban Chang to supplement the bulk tonnage opportunities from Ban Phuc and KCZ."

Scott Williamson
Managing Director, Blackstone Minerals Ltd
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