News Articles for Evion Group

BlackEarth Minerals is throwing plenty of expertise at its advanced graphite exploration project in Madagascar, making two key appointments ahead of next month's commencement of a major drilling operations. The newly listed company has secured an exploration services company with deep experience in Madagascan graphite and a geology manager with a solid graphite CV.

Australia's newest graphite pure play BlackEarth Minerals is set to launch an aggressive drill program at its flagship Maniry project in Madagascar after successfully listing on the ASX. The company will begin a 10,800-metre diamond and RC drill program next month with the aim of publishing a maiden JORC resource by mid-year and a scoping study within 12 months of listing.

Perth-based gold explorer Tietto Minerals got off to a solid start in trading today after raising $6 million in its initial public offering.

A new pure play graphite company, BlackEarth Minerals, is set to join the ASX just days before Christmas after reaching its minimum subscription of $4.5 million. The company is a spin-off from Lithium Australia, who received a strong response from shareholders to a priority entitlement offer. The float has been helped along by high quality projects in Madagascar and a rally in graphite prices.

Elon Musk once famously said of his Lithium-ion batteries; “our cells should be called nickel-graphite because primarily the cathode is nickel and the anode side is graphite with silicon oxide”. With the steel industry undergoing a resurgence, Lithium-ion battery demand getting stratospheric and Chinese graphite plants closing due to enviro concerns, it's no wonder the graphite price has jumped 30%.

SPECIAL REPORT: Activity in Western Australia's graphite sector is continuing apace, with local hopefuls seeking to raise more than $70 million this quarter, an amount similar to that raised for the entire financial year just past.