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Blackstone Minerals Ltd s (ASX:BSX) (OTCMKTS:BLSTF) (FRA:B9S) March 2021 quarter was transformative as it continued with its aggressive drilling program and expressed confidence that its Ta Khoa Nickel-Copper-PGE project will feed a significant downstream refinery in Vietnam. The company, which outlined its plans to expand its downstream refinery capacity to the market in the quarter, said that executing on the planned strategy will turn the company into a globally significant Class-1 nickel producer. Formalisation of Blackstone’s relationship with one of the largest commodity traders in the world - Trafigura - was also an important milestone for the quarter. ....
Blackstone Minerals buoyed by strong palladium, platinum and rhodium recoveries in downstream processing tests Concentrate residue samples have been tested and determined to be amenable to chlorination leaching, which adds further value to its Downstream Business Unit. Shares have been up as much 10.5% intra-day to A$0.37 while the market cap is around A$111.2 million. Blackstone Minerals Ltd’s (ASX:BSX) (OTCMKTS:BLSTF) (FRA:B9S) preliminary hydrometallurgical test-work on pre-feasibility study (PFS) pressure oxidation (POX) residues from Ta Khoa Project in Vietnam has demonstrated excellent recoveries of Platinum Group Elements (PGEs) including palladium, platinum and rhodium. Concentrate residue samples have been tested and determined to be amenable to chlorination leaching, which adds further value to Blackstone’s Downstream Business Unit (DBU). ....
Blackstone Minerals Ltd s (ASX:BSX) (OTCMKTS:BLSTF) (FRA:B9S) Scott Williamson caught up with Proactive s Andrew Scott soon after reporting further. ....