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Fast Tracking the Maniry Graphite Project in Southern Madagascar

BlackEarth Minerals NL (ASX:BEM) (“BlackEarth”, the “Company”) is pleased to release a presentation on the Maniry Graphite Project in Southern Madagascar, which has been successfully fast tracked to progressing the Bankable Feasibility Study (BFS) Stage, in under 2 years, for a total cost of less than $6m, including full overheads.

It should be noted that this is a non-deal investor presentation and roadshow.

View Presentation:

Maniry Project Highlights include:

• The Company has successfully fast tracked its flagship Maniry graphite project in Southern Madagascar, to progressing the Bankable Feasibility Study (BFS) Stage, in under 2 years, for a total cost of less than $6m (including full overheads).

• Graphite from the Maniry Project meets specifications consistent with those required by:

– The expandable graphite market (400 cm3/g achieved industry standard of 250 cm3/g)

– The refractory industry (very low content of deleterious material)

– Lithium-ion anode material manufacturers (Initial test results achieved 99.97% purity)

• Following positive initial results, offtake discussions and ongoing testing on bulk samples, which are currently underway with Tier 1 refractory, expandable graphite and battery anode producers in China and globally.

• Excellent financial return with a Project Life of 10 years, NPV