• Noel Ong

The Real Value of Blackstone Minerals Ltd.

Coffee with Samso Episode 94 with Scott Williamson, Managing Director of Blackstone Minerals Ltd (ASX:BSX)



Blackstone Minerals Limited (ASX:BSX) is a business that sounds highly complicated but it is actually very simple. It's like selling hamburgers.


Scott Williamson, Managing Director of Blackstone Minerals Limited, has been on Coffee with Samso since July 2019. Scott has shared this journey with Samso from the beginning of the acquisition and they are now on the verge of watching the fruits grow and being ready to be harvested.


In this episode, Scott shares with us what the business is doing and how it appears for investors, old and new. This is a conversation to understand what the Real Value of Blackstone Minerals Limited is and will be in the future.


Tune in to find out how Blackstone Minerals positions itself in the EV battery market in Vietnam



Chapters


00:00 Introduction

01:24 How is the business going?

03:01 Will a rising Nickel price hurt the business?

04:51 How is the mine going?

06:50 What will bring down the business?

09:13 Are there any technical issues that investors should be worried about?

11:31 Could a change in battery content hurt this business?

13:41 What can investors look for going forward?

16:20 Where does your confidence in this business come from?

19:42 How do you simplify something that is already simple?

21:54 Is the Australian market underestimating the fact you are in the marketplace?

23:49 What would you say to potential Investors?

27:31 How confident are you in getting what you need to make this business happen?

29:28 How was Diggers and Dealers 2021?

31:15 Conclusion


PODCAST



About Scott Williamson

Managing Director

Blackstone Minerals Limited Qualifications: BEng (Mining), BCom, MAusIMM


Scott Williamson is an experienced Managing Director with a demonstrated history of working in the mining and metals industry. He is skilled in Open Pit and Underground Mining, Corporate Finance, Investor Relations and Project Planning. A strong business development professional with equity capital markets experience, Scott graduated from West Australian School of Mines and Curtin University of Technology. Scott holds a WA First Class Mine Manager’s Certificate and is a member of the Australasian Institute of Mining and Metallurgy.


About Blackstone Minerals Limited


Blackstone Minerals Limited (ASX: BSX) is developing the district-scale Ta Khoa Project in Northern Vietnam where the company is drilling out the large-scale Ban Phuc Nickel-PGE deposit. The Ta Khoa Nickel-PGE Project has existing modern mine infrastructures built to International Standards including a 450ktpa processing plant and permitted mine facilities.


Blackstone Minerals also owns a large landholding at the Gold Bridge project within the BC porphyry belt in British Columbia, Canada with large scale drill targets prospective for high-grade gold-cobalt-copper mineralisation. In Australia, Blackstone Minerals is exploring for nickel and gold in the Eastern Goldfields and gold in the Pilbara region of Western Australia. Blackstone Minerals has a board and management team with a proven track record of mineral discovery and corporate success.


The Ta Khoa Nickel-Copper-PGE Project


The Ta Khoa Nickel-Copper-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. In the Ta Khoa Nickel-Copper-PGE Project, previous project owners invested more than US$136m in 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.


Since commencing maiden drilling in August 2019, Blackstone Minerals has made significant progress at Ta Khoa, drilling over 9,000 m of diamond core in more than 47 holes into the Ban Phuc DSS deposit and the highly prospective King Cobra discovery zone. An initial scoping study evaluating mining and processing options is well advanced, including potential in-country downstream processing to deliver high-value nickel sulfate into Asia’s rapidly expanding electric vehicle (EV) industry. The recently announced MOU with Asia’s largest and the world’s second-largest EV battery cathode manufacturer, Ecopro BM Co Limited represents a significant step towards making this a reality.


Disclaimer

The information contained on this website is the writer’s personal opinion and is provided to you for information only and is not intended to or nor will it create/induce the creation of any binding legal relations. Read full Disclaimer.

Your Bonus


Samso has just released an eBook: How to Add Value to your Share Portfolio

A lesson on geological models sought by mining companies that gives insight and an understanding of which portfolios are better - and potentially more lucrative – investments. Click here to download this eBook.


If you find this article informative and useful, please help me share the information.  I try and write about topics that are interesting and have the potential to be of investment value.  It is not easy to find stories that fit those parameters. If you or your organisation see the benefit of what Samso is trying to achieve and have a need to share your journey, please contact me on noel.ong@samso.com.au.

About Samso