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Blackstone Minerals Ltd ( (AU:BSX) ) just unveiled an update.
Blackstone Minerals has resumed exploration at its flagship Mankayan copper-gold project in the Philippines after a local cease-and-desist order was lifted, following sustained engagement with community groups and government bodies. The company has initiated a pre-feasibility study underpinned by a substantial JORC-compliant resource, with drilling, metallurgical test work, LiDAR and geophysical surveys planned to refine project economics and expand high-grade zones.
The miner reported a cash balance of $14.6 million and listed investments of $786,000 at quarter-end, while continuing to review corporate overheads for tighter capital management. It also strengthened its board with the appointment of mining executive Mark Williams and noted progress toward a license extension at the Ta Khoa nickel project in Vietnam, where it holds a free 20% carried interest, underscoring diversified growth options for stakeholders.
More about Blackstone Minerals Ltd
Blackstone Minerals Ltd is an ASX-listed mineral exploration and development company focused on large-scale base and precious metals projects, including copper-gold in the Philippines, nickel in Vietnam and a gold project in Canada. Its portfolio targets internationally significant resources, positioning the company within the global copper and nickel supply chains.
Average Trading Volume: 3,215,708
Technical Sentiment Signal: Sell
Current Market Cap: A$87.83M
See more data about BSX stock on TipRanks’ Stock Analysis page.