Large Scale Pilot plant demonstrates outstanding Test results achieved from Maniry graphite

BlackEarth Minerals (ASX:BEM)

Highlights

 Stage 2 Large Scale Pilot Test Program is currently 2 weeks ahead of schedule
 Tests are being actively managed by BlackEarth's executive team and conducted by
World Leaders in the testing of graphite and development of flow sheet and plant design
 Initial results confirm earlier Stage 1 results - grades of fixed carbon ("FC") content of over 95% reaffirming Maniry's graphite product potential as highly attractive for downstream processing and feed for the rapidly expanding electric vehicle ("EV") markets
 Additional analysis of the jumbo and large flake results indicate that approximately 20% of graphite concentrate yields are classified as jumbo flake size – such product is in world wide shortage and currently selling for inexcess of US$1,750/mt
 Further testing will continue throughout April 2021 with completion expected in May 2021
 Recently released UBS Report indicates massive growth in demand for graphite to meet EV market demand

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