BlackEarth Minerals NL (ASX:BEM) is in trading halt regarding the signing of an MOU relating to graphite down-stream processing.
The trading halt will remain in place until the beginning of trade on February 4 or when an announcement is made to market, whichever occurs earliest.
Field work at Donnelly River Project
On December 14, 2020 the company completed its first program of field exploration on the Donnelly River Nickel-Copper-Platinum Group Elements (PGE) project around 240 kilometres south of Perth, Western Australia.
At the time the company was encouraged by the results and decided to proceed to the next phase.
Donnelly River Project adjoins the Thor and Odin nickel-copper-PGE prospects identified by Chalice Mining Ltd (ASX:CHN) (OTCMKTS:CGMLF) and Venture Minerals Limited (ASX:VMS) (OTCMKTS:VTMLF) at their South West JV.
BlackEarth managing director Tom Revy said: “Based on the historic exploration results compiled and our recent field program, the board is highly encouraged to proceed with the next phase of exploration.
“Having identified the right rocks in the area, the company eagerly awaits the imminent geochemical results ahead of the upcoming aerial EM survey.”