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Blackstone Minerals Limited (ASX:BSX)

ALERT: Price-sensitive ASX Announcement for BSX
Current share price for BSX : $0.042 -0.026 (-38.24%)+
Announcement
Release
24 Oct 2025 6:08PM
Price at Release
$0.068
Full Release
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Summary
Blackstone Minerals Limited has reported its quarterly activities and cash flow for the period ending 30 September 2025. The company successfully raised $22.6 million in July to fund exploration activities, primarily targeting the expansion of the Ta Khoa Nickel Project and the associated refinery in Vietnam. The company experienced a net cash outflow from operating activities of $4.7 million, ending the quarter with a cash balance of $16.9 million. Significant corporate activities include the restructuring of the Ta Khoa Nickel Project through a strategic agreement with Xuan Loc Tho Co. Ltd., aiming to streamline costs and leverage local expertise.
Key Points
  • $22.6M capital raising completed in July 2025 for exploration and development.
  • Significant focus on the Ta Khoa Nickel Project and Ta Khoa Refinery in Vietnam.
  • Net cash used in operating activities was $4,703,000 for the quarter.
  • Final cash balance for the quarter was $16,903,000.
  • Payments made to related parties totaled $549,000.
  • Stage-based restructuring of the Ta Khoa Nickel Project in collaboration with Xuan Loc Tho Co. Ltd.
  • No significant mining or development costs incurred during the quarter.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.