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Blackstone Minerals joins the ranks of ASX-listed explorers

Blackstone Minerals Ltd. is the newest explorer to hit the boards of the ASX, making modest gains on its first day of trade.

The Australian gold and nickel explorer closed the Jan. 23 session up 2.5% at 20.5 Australian cents.

According to CommSec, 212,500 shares changed hands in 22 trades for a total value of A$43,235.

Blackstone was originally aiming to list in December 2016 following the completion of a A$4.0 million IPO.

The company has now completed the acquisition of Black Eagle (WA) Pty. Ltd., which holds an option to earn an 80% interest in the Red Gate project. Blackstone also has a 95% stake in the Middle Creek project and wholly owns the Silver Swan South project, all prospective for gold and located in Western Australia.