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Blackstone Minerals Ltd ( (AU:BSX) ) has provided an update.
Blackstone Minerals Ltd has announced a strategic partnership with KCA Site Services to acquire a high-performance diamond drill rig for the Mankayan Copper-Gold Porphyry Project in the Philippines. This collaboration aims to replicate Blackstone’s previous cost-efficiency success in Vietnam by reducing drilling and geophysics costs through innovative strategies. The new drill rig, capable of reaching depths of 1,800 meters, is expected to enhance exploration capabilities and optimize capital deployment, marking a significant advancement for the Mankayan project.
More about Blackstone Minerals Ltd
Blackstone Minerals Ltd is a company operating in the mining industry, focusing on the exploration and development of mineral resources. The company is known for its projects in nickel and copper-gold porphyry, with a significant market focus on cost-efficient exploration and development strategies.
Average Trading Volume: 2,057,539
Technical Sentiment Signal: Buy
Current Market Cap: A$123.7M
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