Coffee with Samso Episode 41 with Scott Williamson, Managing Director of Blackstone Minerals Limited (ASX: BSX)
This latest Coffee with Samso has Scott Williamson, Managing Director of Blackstone Minerals Limited (ASX: BSX), giving us an update on what has been happening with their flagship Ta Khoa Nickel Sulphide project in Vietnam. I have been watching the progress over the last 6 months and Scott has been busy getting a strategic partnership secured with EcoPro.
EcoPro is a South Korea – based company engage in the battery and environment material business. EcoPro manufacture cathode active materials and precursors for Lithium-ion batteries. The partnership with EcoPro will secure the future of the project in delivering an end-user to the process of mining and delivering nickel to the EV industry.
Blackstone Minerals Limited (ASX: BSX) is a company that is listed on the Australian Stock Exchange (ASX) which is exploring and mining nickel sulphide. The company has projects in Australia, Vietnam, and Canada.
The Ta Khoa Nickel Project - Vietnam
The Ta Khoa Nickel-PGE Project is located 160 km west of Hanoi in the Son La Province of Vietnam and includes an existing modern nickel mine built to Australian standards, which is currently under care and maintenance. The Ban Phuc nickel mine successfully operated as a mechanised underground nickel mine from 2013 to 2016. Previous project owners invested more than US$136m in the capital and generated US$213m in revenue during a 3.5-year period of falling nickel prices.
The project was placed into care and maintenance in mid-2016 during some of the lowest nickel prices in the past 10 years. Existing infrastructure associated with the project includes an internationally-designed 450 ktpa processing plant connected to local hydro grid power with a fully-permitted tailings facility and a modern 250-person camp.
My interest in Blackstone Minerals stems from the fact that investors seeking a position in the nickel sector should put BSX on their watchlist. The reason is that you are looking at a company that has a nickel mining operation that has an almost completed web of operation structures to mine and process nickel. The mine is located within the economic hub of South Korea, Japan, China and Vietnam/Indochina.
This region will be the future of all Electrical Vehicle manufacturing in the coming future. Having an operational mine within the backyard of end-users will be advantageous. In the Coffee with Samso, we get to hear about the progress of the project and what path lay ahead in the coming months.
Conclusions
My thoughts after the conversation are that patience is the key as the end result will undoubtedly be bright. The demand and the certain shortage of supply will be the impetus of a rising nickel price. This will mean that the patient and astute investors will no doubt be smiling in time.
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