Graphite comes in all shapes and sizes but when the most profitable grade is found and drilling commences, investors should take note.
BlackEarth Minerals (ASX: BEM) has progressed quickly to commence drilling at their Maniry site in Madagascar, just six weeks after their successful IPO.
Managed by their experienced team of graphite experts including Chairman Phil Hearse and Managing Director Tom Revy, BlackEarth are focussed on drilling large flake graphite which is commonly used in Lithium-ion batteries.
With more than 40 years experience in the Australian mining industry, Hearse has managed or sponsored four graphite pre-feasibility studies in Tanzania, as well as graphite scoping studies in Mozambique and South Australia.
The team scoured the globe in search specifically for large flake graphite which landed BlackEarth in Madagascar where drilling commenced at their site on March 2.
BlackEarth has currently planned to drill 200 individual holes to shallow depths of just 60-70 metres which gives investors the opportunity for a quick turnaround between drill holes. This strategy has the company aiming to publish a maiden JORC resource figure by mid-2018.
BlackEarth Minerals are on track to deliver results to shareholders where the company’s focus only to mine the most profitable types of graphite have them well positioned to do so with drilling now underway.
*OzFinancial are paid a retainer for assisting BEM with their Investor Relation Communications