Company
Black Rock Mining Ltd
ASX:BKT
Black Rock Mining Ltd (ASX:BKT) has a 100% interest in the Mahenge Project in Tanzania which hosts a multi-generational graphite resource and is one of the largest JORC-compliant flake graphite resources globally. The Mahenge Project is spread across 324 square kilometres of exploration tenements in Tanzania’s Ulanga district. Black Rock’s definitive feasibility study for the project considers a four-stage construction schedule to deliver up to 340,000 tonnes per annum of 98.5% graphite concentrate for 26 years.
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Black Rock Mining completes $2 million placement to support Tanzanian graphite objectives
The placement will fund costs of a strategic alliance and development agreement with the POSCO Group and ongoing negotiations with the Government of Tanzania on a Free Carried Interest agreement.
Black Rock Mining halted with capital raising announcement pending
The company’s flagship Mahenge Graphite Project is spread across 324 square kilometres of exploration tenements in Tanzania’s Ulanaga district.
Black Rock Mining moves along path towards graphite exports with Tanzanian Government regulations
The government has announced Notice no 687 ‘The Mining (Value Addition) Regulations, 2020', which sets the regulation permitting graphite concentrate with a total graphitic carbon content above 65%.
Black Rock Mining’s alliance partner POSCO progresses graphite due diligence with battery performance tests underway
Reversible capacity testing has been undertaken on test cells manufactured from Mahenge graphite, which showed equivalent level of performance to POSCO’s optimised commercial reference anode.
Black Rock Mining directors demonstrate confidence in Tanzanian graphite strategy by participating in rights issue
The company’s flagship Mahenge Graphite Project is spread across 324 square kilometres of exploration tenements in Tanzania’s Ulanaga district.
Black Rock Mining’s heavily oversubscribed offer a strong endorsement of graphite strategy
The entitlement offer capped at $1.65 million resulted in applications from existing shareholders for shares valued at more than $2.4 million.
Black Rock Mining progresses free carried interest negotiations with Government of Tanzania
The company’s flagship Mahenge Graphite Project is spread across 324 square kilometres of exploration tenements in Tanzania’s Ulanaga district.
Black Rock Mining managing director urges shareholders to support $1.65 million capital raising
Funds raised by the offer will be used to progress development of the company’s Mahenge Graphite Project in Tanzania.
Black Rock Mining launches $1.65 million offer with strong show of support from major shareholder
Major shareholder, the Copulos Group, which has a 22.3% stake in the company, has committed to apply for its full entitlement amounting to $365,000.
Black Rock Mining in trading halt ahead of capital raising news
The company has a 100% interest in the Mahenge Graphite Project in Tanzania which has a JORC-compliant resource estimate of 212 million tonnes at 7.8% TGC.
Black Rock Mining welcomes TIB Development Bank Ltd due diligence on Mahenge Graphite Project in Tanzania
The initiative is part of BKT's wider project funding strategy of de-risking the finance process by matching potential financiers across the capital structure to offset unique project risks.
Black Rock Mining rises after signing strategic alliance and development MOU with POSCO
POSCO is one of the world’s largest producers of anode feedstock and a major participant in the global lithium-ion battery (LiB) industry.
Black Rock Mining halted with news pending in regard to a strategic alliance and development agreement
The Mahenge Project has the potential to provide economic and social benefits to Tanzania including US$3.6 billion to the Tanzanian economy over a 26-year mine life.
Black Rock Mining opens higher on completion of Mahenge project Resettlement Action Plan field activities
The Mahenge Project has the potential to provide economic and social benefits to Tanzania including US$3.6 billion to the Tanzanian economy over a 26-year mine life.
Black Rock Mining negotiating to formalise government ownership in Tanzanian graphite project
The Tanzanian Mining Code and Regulations outline that all mining developments should make provision for government ownership via a 16% free carried interest.
Black Rock Mining releases video update for graphite project development
An enhanced DFS released in July 2019 valued the Mahenge Graphite Project at US$1.16 billion.
Black Rock Mining advances permitting and CSR activities for Tanzanian graphite project
The company is progressing financing discussions and detailed engineering to commence construction of the project in partnership with the Mahenge community.
Black Rock Mining signs EPC framework agreement for Tanzanian graphite project
The Cooperation Framework Agreement with China Railway Seventh Group is aimed at advancing to an EPC contract for module one of Mahenge development.
Black Rock Mining continues advancing Tanzanian graphite project to construction phase
The project financing process for the Mahenge project is progressing well with the company’s study work and development execution plans continually holding up to robust due diligence.
Black Rock Mining confirms 2020 shaping up to be ‘defining year’
The company has a highly proactive approach and believes it benefits from an absence of the legacy issues that challenge many other mining project proponents in Tanzania.
Black Rock Mining directors support graphite strategy through placement participation
The director placement is on the same terms and conditions as shares issued to participants in the August 2019 $3 million placement at 7 cents per share.
Black Rock Mining appoints CEO John de Vries as managing director
De Vries’ salary will remain the same and his rolling contract includes a number of short- and long-term incentives.
Black Rock Mining investor Copulos Group ups stake to 21.15%
The Copulos Group's portfolio also includes investments in other resources companies.
Black Rock Mining raises $3 million to progress graphite project to construction-ready stage
The placement proceeds will support financing and final permitting to progress the Mahenge Graphite Project towards construction readiness.
Black Rock Mining in trading halt pending an equity raising
The company’s securities will remain in a trading halt until August 16 or when an announcement is released.
Black Rock Mining trial delivers industry-leading results for battery anode material
The large-scale Spherical Purified Graphite production trial of 400 kilograms is 100 times larger than the company’s previous laboratory experiments.
Black Rock Mining non-executive director Ian Murray purchases shares on-market
Paterson Securities initiated coverage on Black Rock Mining with a speculative buy rating and a 12-month target price of 24 cents in its research report on Black Rock earlier this month.
Black Rock Mining has the second largest graphite reserve globally: Patersons Securities
The project's access to the rail and port enhances logistics and helps to underpin a long-term, low cost operation.
Investments and investor services
RIU Sydney Resources Round-up paints positive outlook for base metals
The 16th event features more than 70 presentations over 2.5 days as well as 70 exhibiting companies.
Black Rock achieves up to US$2,161 a tonne for Mahenge graphite product
The company believes its basket pricing commitments bode well for financier discussions.
Black Rock Mining's non-executive director demonstrates confidence in the company
The company raised $3 million earlier this year with an oversubscribed placement to finance final engineering activities at its Mahenge Graphite Project.
Black Rock Mining makes appointments to drive Mahenge Graphite Project
The appointments follow the recent successful operation of the Chinese pilot plant.
Black Rock Mining achieves improved concentrate grades in Chinese pilot plant test works
The aim of the tests was to replicate and validate the unique Mahenge Graphite Project product attributes.
Black Rock Mining's Chinese procurement work continues adding value to Mahenge graphite
The company is aiming to start production of graphite from its Tanzanian project in 2020.
Black Rock Mining test work in China validates Mahenge graphite flow sheet
The aim of the tests was to ensure Yantai could replicate and validate the unique Mahenge Graphite Project product attributes.
Black Rock Mining focuses on 2020 vision for Mahenge Graphite Project
The company raised $3 million this week to take its project through engineering studies.
Black Rock Mining Ltd raises $3.0 million to make graphite mine construction-ready
Funding will complete final engineering at the Mahenge Graphite Mine in Tanzania.
Black Rock Mining enters trading halt ahead of proposed equity raising
Pilot plant operations for the Mahenge Graphite Project are scheduled to commence at the end of this month.
Black Rock Mining replicates 99%+ graphitic carbon concentrate from Mahenge ore
A 20-tonne demonstration pilot plant will be established in China by Black Rock’s EPC partner Yantai Jinyaun.
Black Rock Mining given licensing green light for Mahenge Graphite Project
Two contiguous mining licences have been granted for the project in Tanzania’s southeast.
Investments and investor services
Black Rock Mining substantial shareholder lifts stake to 21.52%
Copulos Group has increased its holding in the company to almost 116 million shares after recent on-market transactions valued at $400,000.
Black Rock Mining suggests three potential reasons for ASX speeding ticket
The company aims to develop its Mahenge Graphite Project in Tanzania.
Black Rock Mining receives valuation range of 16-40 cents in 68-page report
The report forecasts a valuation that is 4x to 11x the current share price of 3.8 cents.
Black Rock Mining’s former board member increases stake to 20.38%
The company signed its third off-take deal earlier this week for its Mahenge graphite project.
Black Rock Mining’s third deal takes graphite offtake to 85% of planned annual production
An agreement has been signed with Taihe Soar for the annual supply of up to 100,000 tonnes from Tanzanian project.
Black Rock Mining focuses on multiple graphite end-users
While electric vehicles will drive substantial demand in the future, the company is also focusing on other markets for its graphite.
Black Rock Mining executives dig deep to support Tanzanian graphite strategy
Directors and management acquire shares valued at $500,000 in an oversubscribed $3 million placement.
Black Rock Mining director and former chairman to retire today
The company’s largest shareholder Stephen Copulos tells annual general meeting that his work is done.
Black Rock Mining signs second graphite offtake agreement
The agreement follows the recent release of the definitive feasibility study results.
Black Rock Mining DFS values Tanzania graphite project at US$895 million
The study predicted a 32-year mine life and featured a 42.8% internal rate of return.
Black Rock Mining inks offtake agreement to supply large quantities of graphite concentrate to Heilongjiang Bohao
Black Rock is completing its definitive feasibility study for the Mahenge Graphite Project in Tanzania this month and will produce the concentrate from the project’s graphite resources.
Black Rock Mining signs strategic cooperation agreement with major Chinese METS company
The agreement will provide process plant machinery and access to project finance.
Africa Down Under Conference Perth to highlight mining and energy investments
The event’s presenters include a former president, ambassadors and a bevy of executives from Australian companies operating in Africa.
Black Rock Mining gets positive feedback for Mahenge graphite from potential customers
The feedback confirms a unique graphite concentrate that could be sought after by a multitude of graphite users.
Black Rock Mining raises $4.74 million to complete graphite project study
Raising is completed with placement to directors and advisers.
Black Rock Mining appoints John de Vries as chief executive officer
The Mahenge project is the fourth biggest JORC graphite resource in the World.
Black Rock Mining completes optimisation study
The study shows that even after incorporating the proposed legislative changes to mining in Tanzania, the graphite project has a valuation of US$905mln
Black Rock Mining swells confidence of graphite resources in Tanzania
The next news flow for Black Rock will be the PFS optimisation study.
Black Rock Mining Ltd provides update from Tanzania
Black Rock's focused remains the Mahenge Graphite Project.
Black Rock Mining Ltd granted time to review proposed changes by the Tanzanian Government
An announcement is expected to be on or before Monday 10 July 2017.
Black Rock Mining Ltd's shares in pre-open
The halt will remain in place until Wednesday 5th July 2017.
Black Rock Mining chairman buys more shares on-market
Stephen Copulos, chairman, is the company's major shareholder.
Black Rock Mining boosts spherical graphite yields significantly
Spherical graphite is produced from 99% total graphitic carbon concentrate.
Black Rock Mining partners with Chinese graphite company
The viability of a long-term commercial arrangement will be evaluated.
Black Rock Mining delivers industry-leading results
The results continue to validate Mahenge as a world-class project.
Black Rock Mining receives high purity metallurgy results
Metallurgy testwork is being undertaken at a pilot plant in Canada.
Black Rock Mining board goes on share buying spree
The company has received a vote of confidence from its board.
Black Rock Mining's chairman buys another 1 million shares on-market
Stephen Copulos is the company's major shareholder.
Black Rock Mining receives Speculative Buy
Foster have a Speculative Buy recommendation for BKT.
Black Rock Mining study confirms graphite mine value
PFS results estimate a valuation of A$825 million.
Black Rock Mining appoints John de Vries as interim CEO
The company's world-class Mahenge Graphite Project in located in Tanzania.
Black Rock Mining signs with Japanese battery player
An MOU has been signed with a Japenese spherical graphite producer.
Black Rock Mining's chairman further increases stake
Black Rock is focused on delivering a low capex, high margin graphite mine.
Black Rock Mining receives investment from own directors
The company will raise over $1.3 million through the option exercise.
Black Rock Mining makes key appointment for Mahenge Graphite Mine
Black Rock owns graphite tenure in the Mahenge region of Tanzania.
Black Rock Mining delivers industry leading battery test results
Continued results like todays will drive ongoing discussions with potential partners.
Black Rock Mining to deliver a low capex, high margin graphite mine
Tanzania hosts world‐class graphite mineralisation.
Black Rock Mining to expand forecast graphite production
Black Rock owns graphite tenure in Tanzania which hosts world‐class graphite mineralisation.
Black Rock Mining increases total graphite resource by 25%
Mahenge is the fourth largest JORC compliant graphite resource in the world.
Black Rock Mining Ltd delivers ultra-pure graphite product
Battery cell testing is underway with preliminary results expected in early 2017.
Armadale says surveys underline Tanzania graphite project's potential
Drilling is planned to start in six to eight weeks and talks with drilling companies have kicked offf
Black Rock Mining Ltd receives international interest for battery grade graphite
Black Rock has been holding meetings with potential European and Asian offtake partners, with its global marketing activities are directed at securing long term offtake supply agreements from Mahenge.
Black Rock Mining Ltd notches more 99% graphite purities
Achieving >99% purities for both oxide and primary zones at Ulanzi and Epanko north underpins the potential for the Mahenge Project to deliver superior graphite products to market, to the lithium ion battery market.
Black Rock Mining Ltd flake graphite test work reveals high purity concentrate
Spherical graphite test work is underway in Europe to determine the suitability of Mahenge graphite for battery applications with results expected in late July.
Black Rock Mining Ltd boosts graphite purity and flake sizing
Black Rock has produced strong metallurgical results at its Mahenge graphite project in Tanzania. Next, new metallurgical samples will be sent over the coming months to test additional portions of the Ulanzi and Cascade lodes.
Black Rock Mining Ltd study reveals robust project returns at Mahenge graphite
Key takeways from the Scoping Study included a 2 year payback period, a Net Present Value of US$285.7 million and an Internal Rate of Return of 62% for development of the the Mahenge Graphite Project.
Black Rock Mining Ltd Sydney/Melbourne Investor Luncheon Presentation
Black Rock Mining Ltd Sydney/Melbourne Investor Luncheon Presentation
Black Rock Mining Ltd now has highest-grade graphite resource in Tanzania
Black Rock now has the third largest JORC graphite resource in Africa, and fourth globally. The next key catalysts will be the Scoping Study results expected in March. Graphite marketing is also underway.