Blackstone Minerals Limited provided an update on drilling at the Company's flagship Ta Khoa Nickel Project (TKNP) in northern Vietnam. New Massive Nickel Sulfide Targets. Blackstone drilling targeting new opportunities within the Ta Khoa district has identified Massive Sulfide Vein (MSV), Semi-Massive Sulfide Vein (SMSV) and Net-textured Sulfide (NTS) mineralisation.

At the Suoi Phang prospect, drill hole SP22-01 has intersected 2.95m of sulfide (including MSV, SMSV and NTS) with Portable XRF readings indicating the presence of up to 20% Ni. At the Suoi Chanh prospect, the second drill hole SC22-02 has intersected SMSV consistent with the Blackstone Electromagnetic (EM) targeting. The Suoi Phang prospect is located at the far western end of the Ta Khoa license area and is hosted within Devonian metasediments of the Ban Mong Formation.

Massive sulfide was exposed in a historical adit, and two gossans were exposed in historical trenching (assays up to 5.9% Ni). The northern gossan measures 120m in strike length and the south part of the gossan is 100m long. Blackstone's exploration program at Suoi Phang is following up targets generated from surface EM surveying, with the most recent drillhole (SP22-01) intersecting massive sulfide close to surface, and with Portable XRF readings indicating the presence of up to 20% Ni.