Black Rock Mining

Primary ticker: ASX:BKT
Stage of development: Development
Primary minerals: Graphite
Project to promote: Mahenge Graphite Project

Live financials

Black Rock Mining is an ASX (BKT) listed developer and 100% owner of the globally significant Mahenge Graphite Project. A Definitive Feasibility Study completed in 2018 delivered exceptional investment metrics of NPV10 of $US $895m and an IRR 42.8%, after tax, and after FCI. An initial capital cost of $USD 115m, cash flow funds a further two stages of development. A JORC Mineral Reserve globally of 69.6 Mt at 8.5% TGC, supports a 32 year mine life delivering over 6 million of concentrate with a steady state EBITDA of over $200m USD.

Management Profile

John de Vries – CEO and Managing Director

Mining Engineer with over 35 years-experience in mine development and operations. Previously, General Manager Technical Services with St Barbara and integral in the 2014 turnaround. John has held positions at BHP Ni West, and was Global Business Manager, Advanced Mining Solutions with Orica Mining Services. John’s geographic experience includes Africa, the Pacific, the FSU, North America and South America.

What is your rationale for attending 121 Mining Investment?

Mahenge Project is a high-quality graphite development set to produce premium graphite products at an attractive cash cost. The project has been technically de-risked through an extensive work program including two separate plot plants processing a total of 110 tonnes of ore. Mahenge is progressing into the financing phase of project development and we are actively seeking debt and equity investors.

What recent news would you like to highlight to investors attending?

Enhanced Definitive Feasibility Study is now complete. Continued progress on developing finance options and development permits

What are your key goals for the next 3, 6 and 12 months?

3 Months:

Secured all development permits and fully permitted

6 Months:

Financed and construction ready

12 Months:

Construction commenced

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Black Rock Mining has established a through process to identify and secure funding for development of Mahenge. Progressing the funding process to establish Mahenge as one of the world’s leading ex China sources of premium graphite remains our primary objective.

In a sentence, what do you think makes your company such a compelling investment?

Mahenge is a unique combination of low capex, high margin, technically straight forward project being developed into a market experiencing a period of profound growth.