viewBlack Rock Mining Ltd

Black Rock Mining Ltd triggers final milestone payment on Mahenge North


Black Rock Mining Ltd (ASX:BKT) confirms that the final milestone payment on Mahenge North PL7802/2012 was recently triggered.

The final payment of A$250,000 was triggered following the company’s share price exceeding a daily VWAP of $0.10 for 10 consecutive days.

The payment is to be made to the vendor of Mahenge North who has elected to receive cash of $225,000 and 250,000 BKT shares.

Following settlement of this last milestone consideration, the company confirms that there are no further consideration commitments on Mahenge North PL7802/.2012.

The recent share price accretion has also resulted in the company’s Performance Rights converting to ordinary shares.

Black Rock's shares last traded at $0.19, around three times higher than their valuation just one month ago.


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

Quick facts: Black Rock Mining Ltd

Price: 0.058 AUD

Market: ASX
Market Cap: $36.48 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Black Rock Mining Ltd named herein, including the promotion by the Company of Black Rock Mining Ltd in any Content on the Site, the Company...



Black Rock Mining Ltd Sydney/Melbourne Investor Luncheon Presentation

Black Rock Mining Ltd Sydney/Melbourne Investor Luncheon Presentation

on 8/3/16

2 min read