This article needs to be updated. (January 2018) |
Black Rock Mining Ltd (ASX:BKT). BKT’s Mahenge Graphite Project (Mahenge) located in Tanzania hosts a multi-generational graphite resource and is one of the largest JORC-compliant flake graphite resources globally, with 213m tonnes @ 7.8% TGC, and a reserve of 70m tonnes @ 8.5% TGC[1]. The company's Chief Executive Officer is John de Vries[2].
| Formerly | Mokuti Mining Limited Green Rock Energy Limited |
|---|---|
| ASX: BKT | |
| Industry | Mining |
| Headquarters | Perth , Australia |
Key people | John de Vries (CEO) |
| Website | www |
Black Rock’s Enhanced Definitive Feasibility Study[3] for the Project considers a four-stage construction schedule to deliver in full production 347,000 tonnes per annum of up to 99% LOI Ultra Purity flake graphite concentrate for 26 years.
The project has a number of distinct advantages, including:
- Tier 1 scale;
- First quartile costs due to hydro-dominated grid power;
- Higher revenue profile with large flake distribution and purity; and
- Backed by largest ex-china anode producer, POSCO[4].
All key Govt agreements and permits are in place, along with US$153m in debt approvals[5]. The project is construction ready, subject to financing.
References
edit- ^ See Black Rock ASX release dated 10 October 2022, Black Rock completes FEED and eDFS Update. All technical parameters, including in the estimation of Mineral Resources or Ore Reserves, underpinning the estimates continue to apply and have not materially changed. The estimated Ore Reserves and Mineral Resources underpinning the production and financial forecasts were prepared by Competent Persons in accordance with the requirements in Appendix 5A (JORC Code).
- ^ "Black Rock Appoints John de Vries as CEO" (PDF).
- ^ "Black Rock Completes FEED and DFS Update" (PDF).
- ^ "POSCO Investment in BKT" (PDF).
- ^ "Black Rock confirms approvals now in place for US$153m in loan facilities" (PDF).