BlackEarth Minerals is an emerging developer on the path to becoming a vertically integrated global graphite business.
Its twin aims are developing its flagship project, the Maniry natural flake graphite project in Madagascar, and downstream processing. The company has a 50:50 joint venture agreement with Metachem Manufacturing to develop an expandable graphite facility in India, with construction anticipated to commence in Q4, and commissioning and cash flow in 2022.
Read the full investor insight report here
A scoping study for Maniry in 2019 estimated a 10-year operation with an initial capex of US$41 million, an NPV (post-tax, 10%) at $78.4 million and IRR at 35.4%.
A definitive feasibility study is slated for 2022 and Maniry is expected to be in production in 2023. BlackEarth has a binding offtake agreement for expandable graphite with a European buyer and arrangements in place covering Maniry's refractory and battery-grade graphite potential.
In Western Australia, the company is exploring its Donnelly River nickel-copper-platinum group elements project.
