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Exploring South East Asia’s

premiere nickel sulfide district

AN ADVANCED NICKEL SULFIDE PROJECT
Ta Khoa Project (Nickel-Coper-Cobalt-PGE),
Vietnam

• Ban Phuc Mine operated from 2013 to 2016,
mining 975kt @ 2.4% Ni & 1.0% Cu for 20.7kt
Ni & 10.1kt Cu;
• Existing infrastructure built to Australian
Standards includes a 450ktpa concentrator
and a modern mechanised underground mine
located within a premier nickel sulfide district;
• Invested capital in excess of US$136m
generated US$213m in revenue and paid total
contributions to government of US$65m
during a 3.5 year period of falling nickel
prices;
• Alliance with Korea’s largest electric vehicle
battery cathode producer, Ecopro BM Co –
$6.8m raised in April at a 62% premium
• Drilling is ongoing with four rigs on site;
exploration will include both infill drilling,
targeting the known Ban Phuc disseminated
sulfide zone, as well as step out drilling,
testing newly identified targets;
• Shallow, high grade disseminated nickel
sulfide mineralisation continues to be
intersected at the King Cobra Zone with
significant results including 39m @ 1.1%
Ni and 28m @ 1.2% Ni from near surface –
drilling continues to intersect the KCZ over
200m of strike length;
• EM and IP surveys underway;
• Previously unrecognised PGE grades
suggest a potential by-product credit could
significantly enhance the future economics of
the project;
• Blackstone is fully funded to deliver a maiden
resource and a scoping study by mid 2020

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BSX Flyer April 2020.indd 1 14/04/2020 12:13:41 PM