Latest Breaking News On - Donnelly river project - Page 1 : comparemela.com
CONDUCTORS IDENTIFIED IN AIRBORNE GEOPHYSICAL SURVEY AT DONNELLY RIVER
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Blackearth Minerals NL identifies six key conductors at Donnelly River during airborne magnetic survey
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BlackEarth Minerals NL shareholders pay balance on unpaid shares raising more than $34,000
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BlackEarth Minerals boosts balance by $28,392 after shareholders pay balance on unpaid shares
The company sees the recent commencement of the aerial survey as complementary to its downstream graphite processing business plans in terms of serving the battery metals industry. BlackEarth signed a collaborative MoU in February 2021 with leading downstream graphite processor Urbix
BlackEarth Minerals NL (ASX:BEM) shareholders have fully paid the balance unpaid on an additional 474,000 BEM party paid ordinary shares raising $28,392.60.
Shareholders paid 5.99 cents for each BEMAF and following these purchases around 6.914 million BEMAF and 3.86 million BEMAC part-paid shares remain on issue.
Issued statement to shareholders
A statement will be issued shortly to those shareholders who paid all outstanding amounts on their BEMAF and BEMAC holdings.
BlackEarth Minerals
Highlights:
The survey will be undertaken by UTS Geophysics using a VTEM Max Time Domain EM system (Figure 1)
The survey will cover the entirety of E70/4825 (~80km2 ) and will be flown on 200m line spacing for a total of 390-line kilometres.
The survey will provide key information across the entire project with particular interest focused on the 3 anomalous magnetic and geochemical trends previously reported (see ASX announcement dated 27 January 2021).
The results of the survey will then be assessed and interpreted by the company’s Geophysical Consultants followed by further tailored programs of ground-based exploration activities.
The VTEM plan is a first time systematic program of exploration for Nickel-Copper- Platinum in this region