Blackstone Expands Strategy to Pursue Copper-Gold Projects

Blackstone Minerals Limited has made the decision to broaden the Company’s commodity portfolio to include copper-gold assets. Blackstone has already identified a number of exciting new opportunities in the copper-gold space, with advanced discussions well underway. This latest initiative is in addition to the Company continuing to advance its existing portfolio of projects:

• Blackstone is actively engaged in advanced discussions surrounding several promising copper-gold assets and is on track to make substantial progress on these new opportunities in the near term.

• Blackstone continues to negotiate and finalise the securing of a joint venture partner for the Ta Khoa Project in Vietnam, focussing on aligning strategic objectives with potential partners.

• In regards to the Wabowden option agreement, Blackstone has made considerable progress on renegotiating the terms of the option to better reflect current nickel market conditions.

• After extensive collaboration and discussions with potential partners, Blackstone has made the strategic decision not to exercise the Wabowden option under the existing terms.

• The Company will focus on continuing negotiations to secure terms that more closely align with the long-term interests of its shareholders and strategic partners.

I think we should clarify this i.e. are we telling shareholders we may come back to Wabowden - just on revised terms. Or that we are committing to securing appropriate terms in our future CuAu transactions