The non-binding MOU outlines an alliance whereby Ecopro BM and Blackstone will work in partnership to develop a downstream processing facility in association with Blackstone’s Ta Khoa Nickel Project in northern Vietnam.
The intention of the MOU is for the parties to develop a suitable nickel, cobalt or other battery mineral product for lithium-ion battery manufacturing.
Blackstone Managing Director, Scott Williamson and Ecopro BM President, Byeonghoon Kim
Blackstone managing director Scott Williamson said: “We are pleased to announce an MOU with Korea’s largest cathode manufacturer.
“Our Ta Khoa Nickel Project has significant potential to deliver the critical raw materials required for Ecopro’s cathode manufacturing process and meet the ever-increasing demand for high-nickel content cathodes driven by the imminent electric vehicle (EV) revolution.
“We look forward to finalising a formal agreement with Ecopro over the coming months.
“In the meantime, we continue the exploration and development of our flagship Ta Khoa Nickel Project in northern Vietnam.”
Ta Khoa Nickel Project
The Ta Khoa Nickel Project in Vietnam includes an existing modern nickel mine which has been under care and maintenance since 2016 due to falling nickel prices.
Existing infrastructure includes an internationally designed 450,000 tonnes per annum processing plant.
Blackstone aims to deliver a maiden resource on the disseminated sulphide (DSS) at Ban Phuc over the coming months and investigate the potential to restart the existing Ban Phuc concentrator through focused exploration on both massive sulphide veins (MSV) and DSS deposits.
Previous project owners focused mining and exploration efforts primarily on the MSV at Ban Phuc.
Blackstone plans to explore both MSV and DSS targets throughout the project, initially within a 5-kilometre radius of the existing processing facility.
The company will conduct further geophysics on the MSV and DSS targets and continue its 8,000-metre maiden drilling campaign.