BlackEarth Minerals NL (ASX:BEM) shareholders have paid the balance unpaid on an additional 1,540,640 BEM partly paid ordinary shares, raising $61,471.
The shareholders paid 0.0399 for each BEMAC.
A total of 1,540,640 partly paid shares have now been fully paid and have become fully paid ordinary shares in the capital of BEM.
Around 5,046,186 BEMAC remain on issue.
A statement will be issued shortly to those shareholders who paid all outstanding amounts on their BEMAC holdings.
BlackEarth has requested that the ASX changes the designation of these 1,540,640 shares to the ASX code BEM and reduce the number of BEMAC by 1,540,640 part paid shares.
Graphite program confirms high-yields
The company rounded out its large-scale Maniry graphite pilot program on August 9, with results indicating the Madagascan project hosts some of the world's highest-grade, large and jumbo flake product.
Overall, the pilot program confirms the Maniry large flake graphite concentrate can feed its proposed expandable graphite production plant with JV Partner Metachem, in addition to its suitability for lithium-ion batteries.
The results are set to support BEM as it designs the final graphite plant at Maniry and fast-tracks a definitive feasibility study (DFS).