The search for battery metals in Norway

April 18, 2018

by Ulrich Ernst, Chairman and CEO of Blackstone Resources AG, Baar, Switzerland

There’s an old saying that “gold is where you find it”. It makes perfect sense.

That’s why we are going to Norway. But we’re not just going to search for gold. We’re going to look for platinum base metals, nickel, copper and of course rare earth elements.

This summer we will carry out substantial geological works through our subsidiary BS Norway Limited.

It’s an extremely exciting project which could add another source to our future cashflows here at Blackstone Resources. If successful, it will mean greater future earnings stability and potential once we are fully operational.

We already hold several licences across three promising sites.

Bleka – Gold

Bleka hosts a gold mine that was first operated between 1800 to 1916, and then again from 1936 to 1940 just before the Second World War. There is still likely to be significant deposits located at this site. We hold the Bleka 3 licence which covers an area of 10km2. Our plan is to find and collect 100 samples from here.

Tørdal – Rare earth elements

The Tørdal region is south of Oslo, Norway’s capital. It’s well known for its deposits of rare earth elements and scandium, which are used in the latest high-tech batteries. Our Tørdal 3 license covers an area of 10km2. Here we also plan to find and collect 100 samples.

Lillefjell – Nickel, copper and platinum-group metals

We hold twelve licences altogether for the Lillefjell region, covering an area of 110km2. However, this summer we will look at the sites covered by our Lillefjell 4,5 and 6 licences which covers an area of 30km2, where we will take in a total 300 samples.

How we are going to do it

Blackstone Resources has always been strongly commited to supporting further education and research. We will sponsor three teams of UK-based university students to visit these sites in Norway. Each team will consist of two to four geologists and geophysicists from Cambourne School of Mines, University of Exeter. We will fly them out there, pay for their accommodation and kit them out with the best time-tested equipment on the market.

This equipment includes:

The Geometrics 857 Proton Magnetometer

This a highly reliable tool used to map geological structures and detect minerals by measuring very small variations in the Earth’s magnetic field. It includes an inbuilt Garmin GPS system for field steering, which will help the students keep their survey on track.

The Geonic EM16 VLF Receiver

The students will also be equipped with this tool. It is one of the most widely used metal detectors used in the mining industry with a track record of success.

By the end of the project, five hundred samples will be found and collected in total by these three teams.

We are very excited about this latest project. It will be a great experience for these students and could lead to a fantastic result for Blackstone Resources.

Blackstone Resources is a Swiss Holding Company, with its legal domicile in Baar, Kanton Zug. It is active in acquiring and developing mining and raw material licences. In addition, it sets up, develops and manages refineries used for gold and battery metals. It also makes strategic investments in mining companies. Blackstone concentrates its activities on primary commodities such as gold, battery metals such as cobalt, manganese, molybdenum and graphite.

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