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Black Rock Mining Limited (ASX:BKT)

ALERT: Price-sensitive ASX Announcement for BKT
Current share price for BKT : $0.012 -0.008 (-40%)+
Announcement
Release
24 Oct 2025 8:24AM
Price at Release
$0.020
Full Release
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Summary
Black Rock Mining Limited, an Australian company, announced that its Share Purchase Plan (SPP) was significantly oversubscribed, receiving applications for approximately A$6.0 million, far exceeding the original target of A$2.0 million. The company decided to accept a maximum oversubscription of A$2.0 million, bringing the total proceeds to A$4.0 million. This funding will accelerate the Early Works Program at the Mahenge Graphite Project in Tanzania, including construction activities and earthworks. All valid applications were scaled back on a pro-rata basis, and excess application monies will be refunded. The success of the SPP reflects strong shareholder belief in the project's potential.
Key Points
  • Black Rock's Share Purchase Plan (SPP) was oversubscribed.
  • Applications received totaled approximately A$6.0 million.
  • The company accepted a maximum oversubscription of A$2.0 million.
  • Total SPP proceeds amounted to A$4.0 million.
  • Funds will accelerate the Mahenge Graphite Project's early works.
  • Excess application monies will be refunded.
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.