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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 (0%)+
Announcement
Release
30 Jul 2026 8:52AM
Price at Release
$0.011
Full Release
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Summary
During the quarter ending 30 June 2026, Black Rock Mining Limited focused on early works to support the Mahenge Graphite Project's development in Tanzania. A significant achievement was securing an extension of the US$204 million credit facility until 30 November 2026, which provides the necessary timeframe to finalize remaining equity investments. The company completed compensation payments for project-affected persons and awarded a bulk earthworks contract, indicating progress towards construction readiness. The project's connection to competitive hydro-dominated power will enhance its sustainability credentials. Financially, Black Rock reported a net cash outflow from operating activities of A$1.77 million and had cash reserves of A$4.9 million at the end of the quarter.
Key Points
  • Extension of US$204m credit facility deadline to 30 November 2026.
  • Focus on early works for Mahenge Graphite Project in Tanzania.
  • Completion of compensation payments for access road.
  • Awarding of bulk earthworks contract to Taifa Mining and Civils Limited.
  • Connection to hydro-dominated power enhances project sustainability.
  • Net cash outflow from operating activities was A$1.77 million.
  • Cash reserves of A$4.9 million at quarter-end.
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.