BlackEarth Minerals Upgrades Razafy mineral resource
- BlackEarth Minerals (BEM) materially upgrades the mineral resource at the Razafy graphite deposit within its Maniry graphite project in Southern Madagascar
- The resource comes from infill and extension drilling completed at Razafy and comprises 25.7 million tonnes at 6.2 per cent total graphitic carbon (TGC)
- The total resource for the Maniry project now stands at 37.6 million tonnes at 6.4 per cent TGC
- The company will use the updated mineral resource for its upcoming definitive feasibility study (DFS) which is expected to significantly increase Maniry’s mine life
- Company shares are up 14.6 per cent and trading at 9.4 cents at 2:27 pm AEST
