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.
Company
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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An announcement is expected to be on or before Monday 10 July 2017.
The halt will remain in place until Wednesday 5th July 2017.
Stephen Copulos, chairman, is the company's major shareholder.
Spherical graphite is produced from 99% total graphitic carbon concentrate.
The viability of a long-term commercial arrangement will be evaluated.
The results continue to validate Mahenge as a world-class project.
Metallurgy testwork is being undertaken at a pilot plant in Canada.
The company has received a vote of confidence from its board.
Stephen Copulos is the company's major shareholder.
Foster have a Speculative Buy recommendation for BKT.
PFS results estimate a valuation of A$825 million.
The company's world-class Mahenge Graphite Project in located in Tanzania.
An MOU has been signed with a Japenese spherical graphite producer.
Black Rock is focused on delivering a low capex, high margin graphite mine.
The company will raise over $1.3 million through the option exercise.
Black Rock owns graphite tenure in the Mahenge region of Tanzania.
Continued results like todays will drive ongoing discussions with potential partners.
Tanzania hosts world‐class graphite mineralisation.
Black Rock owns graphite tenure in Tanzania which hosts world‐class graphite mineralisation.
Mahenge is the fourth largest JORC compliant graphite resource in the world.