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Black Rock Mining Limited (ASX:BKT)

ALERT: Price-sensitive ASX Announcement for BKT
Current share price for BKT : $0.013 -0.004 (-21.88%)+
Announcement
Release
30 Apr 2026 9:50AM
Price at Release
$0.016
Full Release
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Summary
Black Rock Mining Limited's quarterly report outlines the financial activities and project updates for the Mahenge Graphite Project in Tanzania. The report includes a detailed cash flow statement indicating a net cash outflow from operating activities of AUD 1,133,000 for the current quarter, and efforts to secure project financing for the construction phase. The company has signed a US$179m Facilities Agreement with major lenders and is construction-ready pending additional funding. The Mahenge Project is highlighted as a robust and globally significant graphite project with substantial resource estimates and potential returns. Early works, such as the construction of a 220kV transmission line, are nearing completion, and strategic alliances, including with POSCO, are positioned to enhance the project's future prospects.
Key Points
  • Net cash outflow from operating activities was AUD 1,133,000 for the current quarter.
  • The Mahenge Graphite Project is construction-ready pending additional funding.
  • A US$179 million Facilities Agreement has been signed with major lenders.
  • The project has an estimated 70.5 million tonnes of probable ore reserves.
  • Strategic alliances, such as with POSCO, are enhancing project prospects.
  • Early works on infrastructure, including a 220kV transmission line, are nearly complete.
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.