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Black Rock Mining Limited (ASX:BKT)

ALERT: Price-sensitive ASX Announcement for BKT
Current share price for BKT : $0.011 -0.008 (-42.11%)+
Announcement
Release
29 Sep 2025 8:25AM
Price at Release
$0.019
Full Release
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Summary
Black Rock Mining Limited (ASX: BKT), an Australian company, is progressing with the Mahenge Graphite Project in Tanzania, following a successful A$10 million equity placement. The early works program is set to commence in November 2025, including site access road improvements and plant site earthworks. A formal groundbreaking event is planned for 9 October 2025. The early works aim to facilitate a swift transition to full construction upon securing complete funding and making a Final Investment Decision. The company's strategic partnerships and agreements, such as those with POSCO and TANESCO, alongside resolution of tax issues and increased debt facilities, play a key role in advancing the project.
Key Points
  • Successful A$10 million equity placement to start early works.
  • Formal groundbreaking event on 9 October 2025.
  • Early works include site access road improvements and plant site earthworks.
  • Partnerships and agreements with POSCO and TANESCO.
  • Resolution of tax issues and increased debt facilities.
  • Mahenge project is in Tanzania.
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.