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Black Rock Mining Limited ( (AU:BKT) ) has shared an announcement.
Black Rock Mining has reported solid progress on early works at its Mahenge Graphite Project in Tanzania, designed to ensure a rapid ramp-up of construction once project financing is secured and a Final Investment Decision is made. Key milestones include completing resettlement along the 7.2km access road corridor, clearing the way for road construction, advancing surveys and tower spotting for a new 220kV transmission line that will link Mahenge to low-cost hydro-dominated power, and launching tender processes for long-lead equipment to compress development timelines. The 220kV line, to be built by its 84%-owned subsidiary Faru Graphite Corporation and later transferred to TANESCO with capital costs recouped over the first four years of production, is expected to reduce operating costs, lower the project’s carbon footprint and deliver broader regional infrastructure benefits. With resettlement completed in line with Tanzanian law and IFC performance standards and funding conditions described as supportive for critical minerals across major markets, the company is positioning Mahenge as a construction-ready, environmentally competitive graphite supplier as it continues global funding discussions.
The most recent analyst rating on (AU:BKT) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Black Rock Mining Limited stock, see the AU:BKT Stock Forecast page.
More about Black Rock Mining Limited
Black Rock Mining Limited is a Tanzanian-focused graphite developer listed on the ASX, advancing the Mahenge Graphite Project. The company aims to supply high-quality, low-carbon graphite products, leveraging access to hydro-dominated grid power and positioning itself within the global critical minerals supply chain serving battery and industrial markets.
Average Trading Volume: 5,249,124
Technical Sentiment Signal: Sell
Current Market Cap: A$42.95M
Find detailed analytics on BKT stock on TipRanks’ Stock Analysis page.