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.