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BlackEarth Minerals NL (ASX: BEM) (“BlackEarth”, or the “Company”) is pleased to present its March 2020 quarterly update (“Quarter”) on its Madagascan graphite projects. BlackEarth has achieved several milestones during the quarter, as the Company continues to fast-track the development of its 100% owned Maniry Graphite Project in southern Madagascar.

Highlights:

Operational:

• Independent German full service specialist in testing and engineering services, Dorfner ANZAPLAN , successfully completed a graphite anode suitability test program

• Testwork indicates that BEM concentrate produced results similar to a highperformance reference material used by ANZAPLAN

• BlackEarth is continuing discussions with industry leading manufacturers of expandable products, refractories and lithium ion batteries, with the aim of entering into offtake agreements

• Stage 1 pilot work program completed by Beijing General Research Institute of Mining & Metallurgy (“BGRIMM”), with results demonstrating improvements in both graphite recovery and final product grades World’s largest LiB anode manufacturer, BTR New Energy agrees to next stage battery anode evaluation test work program following successful preliminary test work results

Corporate:

• COVID-19 response protocols implemented, with all nonessential spending deferred.

• Subsequent to quarter end, Directors have resolved to reduce wages and fees by up to 50%