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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 specialises in exploration and development in Tanzania

Black Rock Mining Ltd’s (ASX:BKT) recently appointed non-executive director Ian Murray has demonstrated confidence in the company with his first acquisition of shares.

Murray, who was appointed to the board last week, purchased a total of 216,864 shares on May 2, 2019.

READ: Black Rock Mining makes appointments to drive Mahenge Graphite Project

The purchase comes as the company progresses towards beginning construction at Black Rock's flagship Mahenge Graphite Project in Tanzania this calendar year.

The company also appointed Jeffrey Dawkins as chief financial officer (CFO) and joint company secretary.

Black Rock’s chairman Richard Crookes said: “We are excited to have secured capabilities and experience that both Ian and Jeff will add to Black Rock.

“Importantly both have extensive experience in the resources sector with a strong resume of success.”

READ: Black Rock Mining achieves improved concentrate grades in Chinese pilot plant test works

In April this year the company revealed the final metallurgical performance results from steady state operations of its 18-tonne Chinese pilot plant test works.

Notably, the industry leading results replicated and improved upon Black Rock’s 90-tonne pilot plant test works performed in Canada.

Quick facts: Black Rock Mining Ltd

Price: 0.054 AUD

Market: ASX
Market Cap: $33.96 m

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