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Black Rock Mining Limited (ASX:BKT)

ALERT: Price-sensitive ASX Announcement for BKT
Current share price for BKT : $0.012 -0.007 (-36.84%)+
Announcement
Release
28 Oct 2025 8:26AM
Price at Release
$0.019
Full Release
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Summary
Black Rock Mining Limited released its quarterly activities report for the period ending 30 September 2025, detailing significant milestones in its Mahenge Graphite Project in Tanzania. The report highlights the initiation of contractor selection for the Early Works Program and anticipates the commencement of physical site earthworks in late October 2025. The graphite market remained stable, with increased demand pressures due to Chinese export controls and rising inbound inquiries from ex-China customers. The company completed an equity placement and SPP, issuing new options to participants, and plans to use the funds raised for the Early Works Program and corporate activities. The report also covers environmental, social, and governance initiatives, including the construction of a village-use well and engagement with local leaders. Financially, the company reported a net cash flow from financing activities of A$4.2 million and ended the quarter with A$3.6 million in cash reserves.
Key Points
  • Initiation of contractor selection for Early Works Program in Tanzania.
  • Stable graphite market despite Chinese export controls.
  • Increased demand for graphite from ex-China customers.
  • Completion of equity placement with new options issued.
  • Funds to be used for Early Works Program and corporate activities.
  • ESG initiatives include village well construction and local engagement.
  • Net cash flow from financing activities of A$4.2 million.
  • Quarter-end cash reserves of A$3.6 million.
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.