InvestSMART

Black Bear Minerals Limited (ASX:BKB)

ALERT: Price-sensitive ASX Announcement for BKB
Current share price for BKB : $0.515 -0.1 (-16.26%)+
Announcement
Release
2 Jun 2026 8:23AM
Price at Release
$0.615
Full Release
download
Summary
Black Bear Minerals Limited announced that Ausenco Engineering USA South Inc. has been awarded the next phase of operational restart studies for the Shafter Silver Project in Texas. This phase includes detailed technical de-risking and feasibility studies, trade-off and metallurgical studies, mine planning, and an execution plan for restarting operations. The project aims to leverage existing infrastructure to expedite development. Ausenco has received a non-binding Letter of Support from Export Finance Australia for potential financing, contingent upon due diligence and eligibility criteria. This engagement aligns with strategic priorities between U.S. and Australia for securing domestic supply chains of critical minerals, notably silver, supporting government-backed financing avenues.
Key Points
  • Ausenco awarded next phase of operational restart studies for Shafter Silver Project.
  • Focus on technical de-risking, feasibility studies, and mine planning.
  • Existing infrastructure valued at approximately A$150M to be leveraged.
  • Non-binding Letter of Support from Export Finance Australia received.
  • Engagement aligns with U.S.–Australia strategic priorities for critical minerals.
  • Shafter Project represents a high-grade domestic silver opportunity in the U.S.
  • Potential for government-backed financing to support development.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.