Board Change • 6h
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director Craig Lennon was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • May 12
Evion Group NL has filed a Follow-on Equity Offering in the amount of AUD 6.635 million. Evion Group NL has filed a Follow-on Equity Offering in the amount of AUD 6.635 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 143,003,228
Price\Range: AUD 0.03
Discount Per Security: AUD 0.0018
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 74,830,105
Price\Range: AUD 0.03
Discount Per Security: AUD 0.0018
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 3,333,333
Price\Range: AUD 0.03
Discount Per Security: AUD 0.0018
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing New Risk • Apr 16
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$2.5m free cash flow). Shareholders have been substantially diluted in the past year (33% increase in shares outstanding). Revenue is less than US$1m (AU$150k revenue, or US$108k). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (AU$14.0m market cap, or US$10.0m). New Risk • Mar 19
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$13.4m (US$9.43m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$2.5m free cash flow). Shareholders have been substantially diluted in the past year (33% increase in shares outstanding). Revenue is less than US$1m (AU$150k revenue, or US$106k). Market cap is less than US$10m (AU$13.4m market cap, or US$9.43m). New Risk • Mar 17
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$2.5m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$2.5m free cash flow). Shareholders have been substantially diluted in the past year (33% increase in shares outstanding). Revenue is less than US$1m (AU$71k revenue, or US$50k). Minor Risk Market cap is less than US$100m (AU$16.3m market cap, or US$11.5m). Announcement • Dec 18
Evion Group NL has completed a Follow-on Equity Offering in the amount of AUD 0.024094 million. Evion Group NL has completed a Follow-on Equity Offering in the amount of AUD 0.024094 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,147,328
Price\Range: AUD 0.021
Transaction Features: Subsequent Direct Listing Announcement • Dec 17
Evion Group NL has filed a Follow-on Equity Offering in the amount of AUD 0.024094 million. Evion Group NL has filed a Follow-on Equity Offering in the amount of AUD 0.024094 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,147,328
Price\Range: AUD 0.021
Transaction Features: Subsequent Direct Listing New Risk • Nov 06
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 56% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (21% average weekly change). Earnings have declined by 5.5% per year over the past 5 years. Shareholders have been substantially diluted in the past year (56% increase in shares outstanding). Revenue is less than US$1m (AU$150k revenue, or US$98k). Minor Risk Market cap is less than US$100m (AU$17.0m market cap, or US$11.0m). Announcement • Nov 04
Evion Group NL has filed a Follow-on Equity Offering in the amount of AUD 0.576059 million. Evion Group NL has filed a Follow-on Equity Offering in the amount of AUD 0.576059 million.
Security Name: ordinary Shares
Security Type: Common Stock
Securities Offered: 27,431,390
Price\Range: AUD 0.021
Transaction Features: Subsequent Direct Listing Announcement • Oct 24
Evion Group NL, Annual General Meeting, Nov 24, 2025 Evion Group NL, Annual General Meeting, Nov 24, 2025. Location: at level 5, 191 st georges terrace, wa 6000, perth Australia New Risk • Oct 24
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 22% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (22% average weekly change). Earnings have declined by 5.5% per year over the past 5 years. Revenue is less than US$1m (AU$150k revenue, or US$97k). Minor Risks Shareholders have been diluted in the past year (26% increase in shares outstanding). Market cap is less than US$100m (AU$16.9m market cap, or US$11.0m). Announcement • Oct 24
Evion Group NL has completed a Follow-on Equity Offering in the amount of AUD 2.305678 million. Evion Group NL has completed a Follow-on Equity Offering in the amount of AUD 2.305678 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 59,922,703
Price\Range: AUD 0.021
Discount Per Security: AUD 0.00126
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 43,399,945
Price\Range: AUD 0.021
Discount Per Security: AUD 0.00126
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 6,471,520
Price\Range: AUD 0.021
Discount Per Security: AUD 0.00126
Transaction Features: Subsequent Direct Listing New Risk • Sep 27
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$2.4m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$2.4m free cash flow). Earnings have declined by 5.5% per year over the past 5 years. Revenue is less than US$1m (AU$203k revenue, or US$133k). Market cap is less than US$10m (AU$13.8m market cap, or US$9.01m). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (26% increase in shares outstanding). New Risk • Sep 23
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 6.6% per year over the past 5 years. Revenue is less than US$1m (AU$108k revenue, or US$71k). Market cap is less than US$10m (AU$13.3m market cap, or US$8.78m). Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Share price has been volatile over the past 3 months (17% average weekly change). Shareholders have been diluted in the past year (26% increase in shares outstanding). New Risk • Jun 30
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 6.6% per year over the past 5 years. Revenue is less than US$1m (AU$108k revenue, or US$70k). Market cap is less than US$10m (AU$7.47m market cap, or US$4.88m). Minor Risk Shareholders have been diluted in the past year (25% increase in shares outstanding). New Risk • Feb 13
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 17% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 5.3% per year over the past 5 years. Revenue is less than US$1m (AU$108k revenue, or US$68k). Market cap is less than US$10m (AU$10.3m market cap, or US$6.45m). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (17% increase in shares outstanding). Announcement • Dec 10
Evion Group NL has filed a Follow-on Equity Offering in the amount of AUD 2.693725 million. Evion Group NL has filed a Follow-on Equity Offering in the amount of AUD 2.693725 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 117,118,458
Price\Range: AUD 0.023
Transaction Features: Reserved Share Offering; Rights Offering Announcement • Oct 04
Evion Group NL, Annual General Meeting, Nov 22, 2024 Evion Group NL, Annual General Meeting, Nov 22, 2024. New Risk • Aug 05
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 16% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$2.4m free cash flow). Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings have declined by 3.8% per year over the past 5 years. Revenue is less than US$1m (AU$91k revenue, or US$59k). Market cap is less than US$10m (AU$8.78m market cap, or US$5.67m). New Risk • Apr 10
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$2.4m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 3.8% per year over the past 5 years. Revenue is less than US$1m (AU$91k revenue, or US$60k). Market cap is less than US$10m (AU$9.46m market cap, or US$6.27m). Minor Risk Shareholders have been diluted in the past year (23% increase in shares outstanding). Announcement • Oct 20
Evion Group NL, Annual General Meeting, Nov 23, 2023 Evion Group NL, Annual General Meeting, Nov 23, 2023, at 10:00 W. Australia Standard Time. Location: 3/1138 Hay Street West Perth Western Australia Australia Agenda: To receive and consider the annual financial report of the Company for the financial year ended 30 June 2023 together with the declaration of the Directors, the Director's report, the Remuneration Report and the auditor's report; to consider the adoption of remuneration report; to consider the re-election of director; to consider the approval of 7.1A mandate; and to consider the issue of performance rights. New Risk • Oct 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 15% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$3.8m free cash flow). Earnings have declined by 7.6% per year over the past 5 years. Revenue is less than US$1m (AU$91k revenue, or US$57k). Market cap is less than US$10m (AU$13.0m market cap, or US$8.19m). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (24% increase in shares outstanding). Recent Insider Transactions Derivative • Aug 01
CFO, Company Secretary exercised options and sold AU$300k worth of stock On the 26th of July, David Round exercised options to acquire 1m shares at no cost and sold these for an average price of AU$0.30 per share. This trade did not impact their existing holding. Since September 2022, David's direct individual holding has increased from 3.42m shares to 3.79m. This was the only transaction from an insider over the last 12 months. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Non-Executive Director Heather Zampatti was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Nov 03
BlackEarth Minerals Announces the Results of the Definitive Feasibility Study on its Maniry Graphite Project in Southern Madagascar BlackEarth Minerals announced the results of the Definitive Feasibility Study (DFS) on its Maniry Graphite Project in Southern Madagascar. The Study is based on work conducted by highly experienced and independent graphite design and construction engineers, CPC Engineering (CPC), which completed the flow sheet design, advised on a range of mining and infrastructure requirements and assessed the capital requirements for Stage 1 and Stage 2 of the project. The work undertaken by CPC and other highly experienced advisers, has resulted in the following: - 1. A detailed engineering design of the project including mining, processing and other operations; 2. An optimised schedule that provides for selective mining of high-grade product in order to maximise near-term economic outcomes; 3. Detailed cost estimates for all components of the operation; 4. A detailed operational and development plan for the short term construction of all related infrastructure; Stage 1 CAPEX has increased from the Scoping Study of November 2021. This is due primarily to: Larger process plant equipment incorporated into the initial flowsheet. This is a direct result of a significant increase in grade /product produced in Stage 1 which requires a larger flotation circuit, dryer, screening and bagging equipment. The primary crusher has also been upsized to meet Stage 2 requirements. A material increase in equipment and freight costs experienced over the past 12-24 months The incorporation of larger equipment into Stage 1 has resulted in a fall in Stage 2 CAPEX despite current inflationary conditions. This inclusion will also allow for a quicker and less disruptive construction and commissioning period for Stage 2 expansion. The additional strategic investment in Stage 1 CAPEX has, overall, enhanced the project's viability and will provide for significant and continual ongoing development and expansion. Overall CAPEX improvements have resulted in an increase to Stage 1 concentrate production output of 30% on average and over 12.5% per annum from Stage 2. Additionally, substantial resource expansion during 2022 has contributed greatly to the Project's increased life of mine, project returns and long-term project revenue. The Company intends to undertake additional exploration programs within the high-grade Razafy North West area to increase the resource even further with the intention of adding significantly to project economics. Announcement • Oct 07
BlackEarth Minerals NL, Annual General Meeting, Nov 25, 2022 BlackEarth Minerals NL, Annual General Meeting, Nov 25, 2022, at 11:00 W. Australia Standard Time. Announcement • Sep 07
BlackEarth Minerals NL Commences Study to Build Battery Anode Material Plant BlackEarth Minerals NL announced that it has started a Scoping Study on building a plant to process graphite from its Maniry project in Madagascar into a product suitable for use in lithium batteries. The strategy is aimed at enabling BlackEarth to capitalise on the emerging supply deficit for batteryanode material required to make lithium batteries. The study will assess the viability of building the plant in Europe, where demand for BAM is forecast to soar over coming years. Wave International will undertake the BAM Scoping Study for the potential downstream processing of suitable graphite concentrate in Europe. Spheronised and purified graphite is considered a critical component in the lithium-ion battery supply chain. BlackEarth believes it has the potential to become a strategic supplier of high-value, high-demand SPG into the European lithium-ion battery /electric vehicle markets. The BAM Study will assess the viability of building a manufacturing plant which willproduce the spheronised and purified graphite, as required for lithium batteries, in Europe; European demand for BAM is expected to soar in coming years. The BAM plant has potential to add significant value to Maniry fines, which will account for 40% of total production; Until now, BlackEarth has planned to sell the fines as a raw product to processors. Preliminary studies show the BAM will sell for USD 3,500/t compared with USD 850/t for the concentrate fines. Commodity forecasters predict there will be a growing supply shortfall in the BAM market from next year due to soaring demand from lithium battery manufacturers. Independent tests undertaken by laboratory and tier-1 end users have previously confirmed the suitability of Maniry concentrate for use in lithium batteries. Wave International, an independent resource development consulting group with specific expertise in graphite downstream processing, has been engaged to undertake the Study. Announcement • Jul 27
BlackEarth Minerals NL Announces Massive Mineral Resource Upgrade Achieved at Maniry BlackEarth Minerals NL announced it has materially increased its total graphite inventory, at its 100% owned Maniry Graphite Project in Southern Madagascar with the completion of infill and extension drilling at its Razafy Resource. The Razafy Indicated and Inferred Mineral Resource, now comprises 25.7Mt @ 6.2% Total Graphitic Carbon (TGC) above a 3% TGC cut-off grade. This Mineral Resource estimate is the culmination of the Company's recent diamond drilling exploration program to identify further Resources at Razafy. The successful program was completed earlier this year and will form an integral component to the Company's current DFS activities, which should result in a significant increase to the mine life of the Maniry Graphite Project. Resource Summary: The Razafy Mineral Resource estimate reported above a 3% total graphitic carbon (TGC) cut-off as of the 18th July 2022 is as follows: · Indicated Mineral Resource: 13.6Mt @ 6.5% TGC. · Inferred Mineral Resource: 12.1Mt @ 5.9%TGC. For a total Indicated + Inferred Mineral Resource of 25.7Mt @ 6.2% TGC. The resource estimate is for a range of %TGC cut-offs. The following summary is based on the requirements of ASX Listing Rule 5.8.1 and presents a fair and balanced representation of the information contained within the full MRE report The Razafy Graphite Deposit is part of the Maniry Graphite Project, which is in southern Madagascar approximately 180 km southeast of Toliara, the regional capital of the Toliara Region. The Razafy Mineral Resource straddles two permits at the Maniry Project, known as Permits PE5394 and PR39751. The Razafy graphite deposits are situated within metasediments known as the Graphite Sequence, just southwest of the Saririaky anorthosite massif. The Graphite Sequence comprises graphite schist, marble, quartzite, amphibolites and leucogneiss and was metamorphosed at granulite facies conditions of around 700-900oC. The CP is of the opinion that the high metamorphic grade (upper- amphibolite to granulite facies) of the Razafy deposit is potentially favourable for the development of coarse graphite flakes. Disseminated graphite flakes occur in two main layers between about 20 and 40 m apparent thickness hosted within granulitic gneisses. The host rocks of the graphite mineralisation are generally quartzo-feldspathic. The mineralised zones strike NNW and dip at 45-75° to the ENE and have been traced by mapping, trenching and drilling along approximately 1,300 m strike length. Graphite-bearing and waste rocks are weathered to varying depths across the Razafy deposit and have been described as weathered (oxidised and transitional) or fresh. The weathered domain is characterised by the oxidation of sulphide minerals e.g., pyrite, and by the formation of secondary sulphate minerals such as jarosite and hydrous clay minerals such as goethite, smectite and kaolinite. Pyrite was noted at depths greater than about 25m down-hole. Kaolinisation of alumino- silicate minerals is widespread and is noted from both the weathered and fresh domains. The central part of the western graphite zone was intruded by granitic material which has displaced or stoped out the graphite mineralisation. The CP notes that kaolinisation of alumino-silicate minerals as seen at Razafy, causes graphite to be split into thin flakes when in contact with kaolin. Bimodal graphite populations are therefore noted i.e., large clean flakes vs small flakes, or split flakes. Weathered (oxidised) material has been noted in drill cores from along the contact zones of graphite schist and adjacent country rocks. It appears that oxidation extends down-dip along fractured footwall contacts, and generally to a lesser degree on hanging wall contacts of the graphite zones. The metallurgical process flowsheet included crushing and stage grinding, followed by attritioning and flotation stages. On average, the samples returned just over 50% of flakes greater than 150 micron diameter. The average concentrate purity (arithmetic, not weighted by length) was approx. 96% TGC. The West lens appears to have coarser recovered flakes than the Eastern lens. Recoveries (as a percentage of feed grade TGC) averaged 87%. The highest recoveries of up to about 96% appear to be from the West lens and the southern part of the East lens, whilst the lower recoveries of approximately 30% were from hole MNDD022 in the northern part of the East lens. Additional metallurgical testwork on the low recovery samples is underway. The CP is of the opinion that metallurgical testing to date indicates that graphite concentrates of marketable size and purity may be extracted from the Razafy deposit and that this supports the classification of the Mineral Resource as an industrial mineral according to Clause 49 of the JORC Code. Snowden Optiro notes that kaolinised graphite mineralisation, with associated split graphite flakes, may need additional cleaning and attritioning stages than non-kaolinised material. The Razafy deposits have been sampled using diamond core drilling over several drilling campaigns, with drilling initially completed on a nominal 100 m by 30 m grid. Infill drilling has been completed to a grid of roughly 50 m by 30 m roughly covering the central half of the Razafy Main deposits. A total of 131 diamond holes for 8,471.9 m have been drilled and assayed by means of a standard induction furnace infrared absorption method for graphite content. A total of 4,339.45 m of diamond core from 128 holes lie within the interpreted mineralisation zones. In situ bulk density has been measured by means of calliper, wax coated immersion and uncoated immersion methods. QC checks were by means of immersion and calliper measurements on half core samples. Weathered graphite mineralisation and fresh graphite mineralisation were assigned densities of 2.15 t/m3 and 2.3 t/m3 respectively. The Mineral Resources were estimated within constraining wireframe solids using a combination of logged geological boundaries and assay data using a nominal 3% TGC lower grade cut-off. The Mineral Resource is quoted from all classified blocks above 3% TGC within these wireframe solids. The CP is of the opinion that reporting of the Mineral Resources should be above the 3% TGC interpretation cut-off grade within the interpreted mineralisation lenses. In the CPs opinion this material represents the visually recognisable graphite mineralised units that have the potential for eventual economic extraction and that have therefore been classified as Mineral Resources. The use of a higher reporting cut-off grade for the Mineral Resources would also artificially restrict the ongoing mining engineering studies to determine optimal mining strategies for the deposit. Approximately 30% of the interpreted mineralisation is considered to be extrapolated. Grade estimation was completed using ordinary kriging, with an inverse distance weighting to the power of two validation check estimate concurrently completed. Announcement • Jul 05
Blackearth Minerals NL Announces Further High Grade Results Add Significant Potential to Razafy Northwest (Nw) BlackEarth Minerals NL announced that it has received further outstanding assay results from its Razafy Northwest (NW) diamond drilling at its 100% owned Maniry Graphite Project in Southern Madagascar. The assays received to date from Razafy NW, have confirmed the continuity not only of the graphite mineralisation at depth and along strike but also the high grade nature of the Resource. As a result the Board believes it is advantageous to integrate the Razafy NW area into the DFS as "initial priority feed". Applications have been sent to the Madagascan Mining authorities to expand the current mining license (ML 5394) to include a broader area including the Razafy NW Resource. The key benefits of this approach will be to Position the Project to start up with higher grade material Take advantage of the rising price of natural graphite concentrate and Provide potential project financiers an optimum payback period In order to integrate the Razafy NW material into the current DFS, the Study is now likely to be completed in October 2022. As part of current Study activities, an updated Razafy Resource will be released to the market shortly. Announcement • May 12
BlackEarth Minerals NL Announces Further Outstanding Drill Results Achieved At Razafy NW BlackEarth Minerals NL announced it has received outstanding initial assay results from its Razafy Northwest (NW) diamond drilling at its 100% owned Maniry Graphite Project in Southern Madagascar. The assay results reported for holes MNDD108-113 confirm the extent of graphite mineralisation seen previously. Further confidence in both structure and upside potential has been gained, specifically: Hole MNDD111 was drilled to follow up on very high graphite grades intersected in holes NW09-A (32.7m@16.3%TGC), NW10-A (12.1m@12.6%TGC) and NW10-B (7.7m@13.2%TGC), in the northernmost graphite zone and has verified those previous high grades; Other holes were drilled at the extremities of the mineralisation envelopes modelled in 2021; as such these holes confirm the general lateral extent of mineralisation as modelled. This information will help improve geological confidence during the next Resource estimation phase. Comparison of assayed graphite grades with visually logged graphite grades indicates that the visual estimates are similar, albeit conservative compared with final assay results. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Director Heather Zampatti was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 13
BlackEarth Minerals NL Completes its Razafy Northwest Diamond Drilling at its 100% Owned Maniry Graphite Project in Southern Madagascar BlackEarth Minerals NL announced it has completed its Razafy Northwest (NW) diamond drilling at its 100% owned Maniry Graphite Project in Southern Madagascar. The 2022 infill diamond drilling program was designed to verify continuity of graphite mineralisation along strike between existing drill holes, to check for up-dip continuity and to explore for depth extensions. Highlights: The program verified continuity of graphite mineralisation along strike and also successfully explored for depth extensions. The completed program is expected to add further medium to high grade material to the Company's stated Inventory Resource. Updates to the Inventory Resource will be included in the Company's soon to be completed and released Definitive Feasibility Study ("DFS"). BlackEarth has completed a follow-up 1,670 m diamond drilling program at its high grade Razafy North West Resource. Assay results expected to be received in coming weeks. Surface trenching to commence shortly on the western end of drill lines. Announcement • Feb 02
BlackEarth Minerals NL announced that it has received AUD 6.837879 million in funding On February 1, 2022, BlackEarth Minerals NL closed the transaction. Announcement • Jan 24
BlackEarth Minerals NL announced that it expects to receive AUD 6.837879 million in funding BlackEarth Minerals NL announced that it has issued 50,650,955 shares at a price of AUD 0.135 per share for gross proceeds of AUD 6,837,879 on January 24, 2022. The transaction will include participation from existing and new domestic and international institutional and sophisticated investors. The securities are not subject to shareholders approval. The transaction is expected to close on January 31, 2022. Announcement • Sep 24
Blackearth Minerals NL Provides an Update of Exploration Activities At the Maniry Graphite Project Located in Southern Madagascar BlackEarth Minerals NL provides an update of exploration activities at the Maniry Graphite Project located in southern Madagascar. Final results from the Razafy Northwest drilling campaign are expected shortly and an announcement made early October. The results will be used to update the Company's Resource inventory which will be released to the market in fourth quarter of 2021. Preliminary metallurgical test work at ALS Perth, involved the testing of 6 samples produced from the diamond drilling program at Razafy Northwest. Head grades ranged from 3.64% to 20.82% TGC. First pass metallurgical test work showed excellent results, with initial flotation tests achieving high grade concentrate 98.4% TGC with recoveries generally above 90%. Announcement • Aug 25
BlackEarth Minerals NL Provides an Update of Exploration Activities at the Maniry Graphite Project Located in Southern Madagascar BlackEarth Minerals NL provided an update of exploration activities at the Maniry Graphite Project located in southern Madagascar. The now completed diamond drill program confirmed the presence of a high-grade zone in close proximity to the Maniry Graphite Project's Razafy Resource and a better understanding of the scale and potential of the Maniry graphite domain. BlackEarth is very encouraged by these initial results received from the Razafy Northwest drill program which continue to reinforce the significance of the high-grade graphitic mineralization identified from previous exploration works and the potential that exists for further high-grade discoveries within the Maniry Graphite Project area. Assays results were received from the first 10 diamond drillholes of the campaign which comprised a total of 21 drillholes for 974m drilled. The key outcomes of the drilling to date include the following: Discovery at Razafy Northwest of thick, outcropping, high grade horizons hosted by felsic gneissic rocks, similar to that encountered at the nearby Razafy Resource. Early signs indicate continuity of horizons may exist through the Razafy Northwest zone; further assay results are expected to confirm this. Initial grades received within the horizons are generally consistent from hole to hole and from section to section. Previous and ongoing surface sampling (trenching) has proven to be an accurate guide as to the expected TGC grades in the sub-surface. Three remaining tranches of samples outstanding; two are with Intertek Perth with the final lot due to arrive next week from Madagascar. Further assay results are subject to laboratory scheduling and will be released to the market when received over the coming weeks. These will include the graphitic intercepts not yet assayed from the first 10 holes located in the southern part of the deposit. Announcement • Jun 25
BlackEarth Minerals NL Conductors Identified in Airborne Geophysical Survey At Donnelly River BlackEarth Minerals NL announce the commencement of a regional scale, detailed airborne electromagnetic (AEM) at its 100% owned Donnelly River Nickel-Copper-Platinum Group Metals (Ni-Cu-PGM) Project located 240km south of Perth, Western Australia. The Donnelly River Project is situated immediately adjoining the Thor and Odin Ni-Cu-PGM Prospects, recently identified by Chalice Gold Mines and Venture Minerals at their South West JV. Announcement • May 25
BlackEarth Minerals NL Commences Extensive Drill Program at Maniry Graphite Project BlackEarth Minerals NL announced that drilling has commenced at the Maniry Graphite Project in southern Madagascar, following the completion of preparatory planning and trenching for this targeted high grade drilling campaign. The proposed initial drill program for 1,000 metres of diamond drilling will target Razafy Northwest which was identified as a high priority target following initial trenching work completed first quarter of 2019. About the Drill Program: The aim of the current 1000 metre diamond drill program is to not only gain a better understanding of the scale and potential of the domain, but also to further delineate high grade mineralisation to compliment the initial stages of a mining operation. In 2019, BEM undertook trenching at Razafy Northwest which returned assays that included: 48m at 10.22% TGC and 12m at 13.32% TGC. The results highlighted the potential for further high-grade resources proximal to the defined Razafy Resource and ultimately the potential to further enhance the value of the Project. The previous exploration program resulted in 47 trenches being excavated for a total of 4,314 metres across the Razafy Northwest area. The 2019 program extended the known mineralisation within the `Razafy Domain' to more than 5km in length and is consequently the main focus of current exploration efforts by BlackEarth. All exploration works will be carried within the Company's Exploration Target area containing an estimated 260Mt-380Mt at 6-8%TGC. The Company believes the current drill program could provide a material increase to both the stated overall Resource size and average grade. Ongoing development of South Madagascar graphite region The southern Madagascan region continues to grow and develop as a premium precinct for large and jumbo flake graphite. The region has a favourable climate, with less interruption to production and infrastructure by seasonal climatic changes and the cyclone season that often impacts the north and east of the country. The southern Madagascan corridor has, over the past decade, enjoyed massive levels of exploration and development of potential mining sites includings those held by the Company and the developing Molo Project held by Nextsource Material (a company listed on the TSX and with a current market capitalisation of circa AUD 186 million). Rio Tinto's $1B Minerals Sands project is also within the Southern Madagascar development region. Adjacent and closest to the Company's projects is the port city of Fort Dauphin which was the first French Port city developed in Madagascar. The port is a modern deep water port built by the World Bank and Rio Tinto in 2009 and is well designed and suitable to the cost effective export of graphite concentrate. The Company is currently in discussions with port operators and is well positioned to secure exclusive access agreements as and when required. Benefits to Downstream processing plans Successful completion of the current drill program will also assist the Company in finalising and further developing it down stream processing plans. Expanding the Company's Resource of large and jumbo, and also fine flake product, allows additional value to be attributed to the assessment of downstream graphite production options. As at now, the Company continues to assess a number of downstream processing options and the additional value of an upgrading resource will assist the Company and its MOU and Sales and Marketing partners, and others, to advance these plans. The demand for graphite continues to grow and expand, and the Company is well positioned to enter a number of supply markets with its superior and premium products at an exciting stage in the expansion of the EV and alternative energy markets. Announcement • May 18
BlackEarth Minerals NL Completes Stage 2 Piloting BlackEarth Minerals NL announced the completion of Stage 2 pilot works and the appointment of Mr. Mick Ryan as Project Manager to oversee the finalisation of Definitive Feasibity Study ("DFS") activites and the potential construction of the Maniry Graphite Project ("Project") located in southern Madagascar. Premium concentrate fixed carbon results of 96.5% were achieved, consistent with those released to the ASX 19 April 2021. Over the next 2 weeks, the Company plans to dry and screen the final concentrate prior to packaging samples for further downstream test work associated with BlackEarth's strategic offtake plans. The Company will also ship large samples of tailings to global tailings management specialists as part of the its DFS activities and Project environmental permitting requirements. A final metallurgical report containing critical data for
the DFS is expected to be received over the next 5-7 weeks. Announcement • Apr 13
BlackEarth Minerals NL announced that it expects to receive AUD 4.87812 million in funding BlackEarth Minerals NL (ASX:BEM) announced private placement of 36,134,220 shares at a price of AUD 0.135 per share for gross proceeds of AUD 4,878,119 on April 12, 2021. The transaction is over-subscribed and included participation from new and existing domestic and international institutional and sophisticated investors. The transaction is expected to close on April 20, 2021. The transaction has been approved by its disclosure committee. Announcement • Mar 09
Blackearth Minerals NL Announces Commencement of Airborne Geophysical Survey BlackEarth Minerals NL (BlackEarth, the Company) announced the commencement of a regional scale, detailed airborne electromagnetic (AEM) at its 100% owned Donnelly River Nickel-Copper-Platinum Group Metals (Ni-Cu-PGM) Project located 240km south of Perth, Western Australia. The Donnelly River Project is situated immediately adjoining the Thor and Odin Ni-Cu-PGM Prospects, recently identified by Chalice Gold Mines and Venture Minerals at their South West JV. Key details of the survey include: The survey will be undertaken by UTS Geophysics using a VTEM Max Time Domain EM system; The survey will cover the entirety of E70/4825 (~80km 2) and will be flown on 200m line spacing for a total of 390-line kilometres; The survey will provide key information across the entire project with particular interest focused on the 3 anomalous magnetic and geochemical trends previously reported; The results of the survey will then be assessed and interpreted by the company's Geophysical Consultants followed by further tailored programs of ground-based exploration activities; The VTEM plan is a first time systematic program of exploration for Nickel-Copper- Platinum in this region; The Company anticipates the survey can be completed and results analysed within the next 4-6 weeks. Plans for Future Activity and Outcomes: The planned VTEM activity and follow up review work will take around 4 6 weeks and involve work done by Company executives and leading consultants, highly experienced in the development of Nickel-Copper-Platinum projects. Following the initial review, BlackEarth plans to develop a detailed drill and exploration program which, ideally, will take place in the second quarter of 2021 with preliminary results and feedback by mid-year. Announcement • Feb 24
BlackEarth Minerals NL to Commence Stage 2 Large Scale Test Program BlackEarth Minerals NL announced the commencement of its Stage 2 pilot test work program to finalise all process engineering related matters as part of the Company's definitive feasibility study on its Madagascan, Maniry Graphite Project. Under the contact with BGRIMM, the test program is planned to be completed in second quarter of 2021 and comprises the following: The Stage 2 large scale pilot test program will use approximately 60-70 tonnes of Maniry graphite material. The outcomes will be used to optimise the Maniry flow sheet, provide final equipment specifications, and the results will also provide significant input into the Project's final Environmental and Social Impact Assessment. The program will also be used to generate substantial concentrate which will assist in finalising off-take and downstream arrangements. The Stage 2 pilot program follows the successful earlier pilot works undertaken by both BGRIMM and ALS (Perth). Southern Madagascar is currently experiencing the effects of a significant famine which includes those areas around the Maniry Project. Local villagers have sold many of their remaining assets in an endeavour to remain in the area. Others have moved on to townships located to the north where food is more readily available. In a response to this situation, BlackEarth has recently sent 4 tonnes of food supplies to the area, to assist with local villagers. The Company will continue to monitor the situation and plans to provide on-going assistance to those most in need in the area. Announcement • Feb 10
BlackEarth Minerals NL Signs Graphite Supply & Marketing Agreement with Luxcarbon GmbH BlackEarth Minerals NL has signed graphite supply & marketing agreement with Luxcarbon GmbH, Germany. BlackEarth, as part of its MOU commitment with Urbix Inc, will use this to secure the supply of up to 25,000t of high grade product to assist Urbix in completing their plant development. The supply arrangement will continue whilst BlackEarth fast tracks the development of its own high grade, large scale graphite properties in Madagascar, which will then form a regular supply to its proposed downstream graphite operations. The Agreement also provides that BlackEarth will sell up to 25,000 mtpa of downstream products from its operations and JV operations into the European market to meet the growing demand for battery EV material. Luxcarbon will also provide technical advisory services to BlackEarth on the production of downstream products from the Company's proposed facilities in Australia and /or Madagascar. Luxcarbon will work closely with the BlackEarth Executive team to further develop supply chain, logistics and sales channels for their downstream graphite production into the expanding EV and Battery markets. Under the terms of the Agreement, Luxcarbon will source and supply to BlackEarth ("BEM" or "the Company") up to the amount of 25,000mt pa of high grade concentrate, with the graphite supplied from world class operations known to the BEM executive team. This forms a key element of the concentrate supply component of the Agreement. The Agreement also provides that Luxcarbon shall exclusively market and sell BEM and BEM JV produced material into the European markets to well known and defined end users. BEM's focus will be for the initial supply of downstream products for use in the rapidly expanding EV and battery market. The marketing and sales component of the Agreement provides that Luxcarbon will sell up to 25,000mt pa of BEM and BEM JV produced product. Much work has been done to date by parties to this agreement and research indicates there is extensive demand for downstream graphite products now and in the future. The terms of this Agreement are for 3 years with the ability for the parties to extend this by mutual consent. BlackEarth Minerals NL has signed a Collaborative MOU with Urbix Inc. The Agreement allows BEM to quickly source high grade graphite concentrate to provide to Urbix for their use after a series of quality tests. Information available to BEM suggests that the high grade graphite concentrate is highly suitable for use in downstream production and this product can be successfully treated to a purified graphite form. The Agreement also provides the BEM team with the advantage of having a secure and substantial product supply to meet its proposed downstream JV operations and other downstream production plans that it is developing in Australia and in overseas juridictions. The marketing and sales components of the Agreement provide BEM with the opportunity to supply its refined product to meeting growing demand from EV manufacturers and related industries that require expanded and purified graphite products. Members of the BEM executive team have extensive experience with developing supply and logistical networks in Europe (and other markets) and the Company's relationship with Luxcarbon will assist to position the Company as a preferred supplier in the early stages of the anticipated strong demand for downstream graphite products. Is New 90 Day High Low • Feb 10
New 90-day high: AU$0.20 The company is up 327% from its price of AU$0.048 on 12 November 2020. The Australian market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 18% over the same period. Announcement • Feb 03
BlackEarth Minerals NL Signs Collaborative Memorandum of Understanding with Urbix, Inc BlackEarth Minerals NL announced that it has signed a Collaborative Memorandum of Understanding ("MOU") with leading downstream graphite processor Urbix Inc. ("Urbix"). Under the terms of the MOU, BEM will, initially, supply its high grade graphite concentrate to Urbix's downstream processing facility in the USA when Urbix' facility is completed. The timeframe for the commencement of this supply will be confirmed in due course. BEM will also source high grade product and provide this to Urbix as part of the terms of its MOU. Following the successful completion of the Urbix plant in the USA, BEM and Urbix propose a Joint Venture plant that includes the potential development of a facility in Madagascar or Western Australia that will produce a substantial supply of purified graphite that will be available for the growing battery and alternative energy (EV) markets. BEM Executives have commenced the process of site selection and assessing the most efficient and cost effective location for the proposed JV plant. Urbix's advanced technology includes environmentally friendly purification methods that are not reliant on unsustainable hydrofluoric acid treatments. Urbix holds significant intellectual property across a wide range of graphite applications including proprietary Li-ion battery cells, electrolyte, graphene products and energy storage materials. The BEM Executive team are confident there will be very strong global demand for the production of purified and value added graphite and are developing global supply channels with several strategic partners. Announcement • Jan 29
Blackearth Minerals NL Finalizes its First Program of Field Exploration on the Donnelly River Nickel-Copper-Platinum Group Metals Project BlackEarth Minerals NL announced that it has finalized its first program of field exploration on the Donnelly River Nickel-Copper-Platinum Group Metals (Ni-Cu-PGM) Project located 240km south of Perth, Western Australia. The Donnelly River Project is situated immediately adjoining the Thor and Odin Ni-Cu-PGM Prospects, recently identified by Chalice Gold Mines and Venture Minerals at their South West JV. KEY TECHNICAL POINTS: Historical exploration across the BlackEarth tenements has identified the presence of metagabbroic and met-peridotites interpreted to potentially be part of mafic-ultramafic intrusive complexes. Based on completed exploration activities: Reconnaissance geochemical sampling has successfully defined at least three prominent trends that are coincident with well-defined magnetic trends; The geochemical results, along with mapped ultramafic lithologies, confirm the presence of a strong mafic-ultramafic signature across the southern half of the Donnelly River Ni-Cu-PGM Project. It should also be noted that similar magnetic trends across the property have yet to be tested in any form and present additional opportunities to develop priority targets with further work. The anomalous geochemical and magnetic trends are defined by: A large "Ovoid" feature located central to the project. Ultramafic lithologies have previously been identified in this location. The geochemistry at this location is nickel dominant (peak value 811ppm Ni) with subdued copper (peak value 50ppm Cu), however only part of the magnetic feature has been covered by geochemical sampling. Two east west trending linear trends of coincident Ni-Cu anomalism, both over a strike-length of 5-6km. Prior to the commencement of the planned airborne electromagnetic survey, a notification process with all potentially affected parties will be undertaken. To expedite this process the Company has engaged a consultant land access specialist. Announcement • Nov 24
BlackEarth Minerals NL, Annual General Meeting, Jan 11, 2021 BlackEarth Minerals NL, Annual General Meeting, Jan 11, 2021. Agenda: To consider re-election of directors. Announcement • Nov 23
BlackEarth Minerals NL Updates Donnelly River Nickel Copper Exploration BlackEarth Minerals NL announced that it has completed its first program of field exploration on the Donnelly River Nickel-Copper-Platinum Group Metals (Ni-Cu-PGM) Project located 240km south of Perth, Western Australia. The Donnelly River Project is situated immediately adjoining the Thor and Odin Ni-Cu-PGM Prospects, recently identified by Chalice Gold Mines and Venture Minerals at their South West JV. Historical exploration across the BlackEarth tenements has identified the presence of metagabbroic and met- peridotites interpreted to part of mafic-ultramafic intrusive complexes. An area of elevated nickel developed in lateritic cap-rock over interpreted mafic-ultramafic rocks has been historically identified at the Palgorup Location. In addition to this, recent assessment of the available geophysical data has identified multiple priority targets requiring additional assessment Key points from this phase of reconnaissance exploration include: The confirmation of the presence of ultramafic rocks associated with the Palgorup Prospect. This provides a level of confidence that the identified magnetic highs are at least in part due to the presence of mafic- ultramafic lithologies which can be the host Ni-Cu-PGM sulphide deposits. The project area is heavily lateritised and as such outcropping geology is minimal. This has had the effect of limiting the identification of the targeted mafic-ultramafic lithologies across the project by previous explorers. The collection of reconnaissance geochemical samples will provide guidance as to how effective this technique is and whether it can be applied across the wider project. The Company's Geophysical Consultants have been retained to design and manage a planned airborne electromagnetic survey to cover E70/4825 to be commenced in early 2021. The results of this survey will then form the basis for targeting and design of the next phase of exploration. Announcement • Nov 16
BlackEarth Minerals NL Announces Management Changes The Board of BlackEarth Minerals NL advised that recently appointed CFO, Mr. David Round, has been appointed to the Board as Finance Director. Mr. Round has extensive experience as a CFO and Company Director, and most recently was CFO and Head of Sales of an Australian listed Graphite production company. Mr. Round has wide-spread international resource experience and brings a wealth of graphite, nickel and other business development knowledge to the Board. The Board also advises that founding Director and Company Chairman, Mr. Phil Hearse, has resigned from the Company's Board. Founding Company Director, George Bauk, will now assume the role of Company Chairman. Mr. Bauk is an experienced Company Director and currently acts as Chairman and Non-Executive Director of a number successful, listed resource Companies. Announcement • Oct 05
BlackEarth Minerals NL announced that it expects to receive AUD 1.420694 million in funding BlackEarth Minerals NL (ASX:BEM) announced that it issue d 28,413,880 ordinary shares at an issue price of AUD 0.05 per share for gross proceeds of AUD 1,420,694 on October 2, 2020. The transaction included participation from Australian institutional and professional investors. The transaction was expected to close on or about October 8, 2020. The transaction is not subject to shareholder approval. The transaction was oversubscribed by over 50%.