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Blackstone Minerals Ltd ( (AU:BSX) ) has issued an update.
Blackstone Minerals reported a mixed December quarter marked by both regulatory headwinds and key de-risking milestones at its flagship Mankayan copper-gold project in the Philippines. While the company secured a historic Certificate of Precondition from the National Commission on Indigenous Peoples confirming Free, Prior and Informed Consent from the Mankayan Indigenous People, as well as a two-year extension to its work program and a renewed Mineral Production Sharing Agreement to 2046, local community tensions prompted the Mankayan Mayor to issue a Cease & Desist order halting exploration until further notice. Blackstone is responding with intensified engagement, involving Philippine authorities, the Australian Embassy and local stakeholders, while also progressing prefeasibility metallurgical test work, signing a Community Access Agreement in Maggangan, relocating joint-venture partner CMDC’s registered office to Mankayan, and committing to community projects to reinforce its social licence. The quarter also brought significant board and management changes, a corporate cost review and a solid cash balance of $15.3 million plus listed investments, and in Vietnam the company advanced licensing by filing for a five-year extension of the BPNM underground mining licence, expected in early 2026, to provide a runway for permitting the Ta Khoa nickel project and associated refinery.
The most recent analyst rating on (AU:BSX) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Blackstone Minerals Ltd stock, see the AU:BSX Stock Forecast page.
More about Blackstone Minerals Ltd
Blackstone Minerals Limited (ASX: BSX) is an Australian-listed mineral exploration and development company focused on the Mankayan copper-gold project in the Philippines, with additional interests in the Gold Bridge project in Canada and a nickel joint venture in Vietnam. The company is advancing large-scale copper, gold and nickel assets, targeting long-life projects in partnership with local communities and government stakeholders.
Average Trading Volume: 2,907,305
Technical Sentiment Signal: Hold
Current Market Cap: A$100.5M
See more data about BSX stock on TipRanks’ Stock Analysis page.