Black Rock Advances Mahenge Graphite Project After Groundbreaking and Early Works Progress

Black Rock Mining Limited ( (AU:BKT) ) has shared an update.

Black Rock Mining has marked a major milestone at its Mahenge Graphite Project in Tanzania with an official groundbreaking ceremony, underscoring strong support from the Tanzanian government and strategic partner POSCO as it advances an Early Works program designed to enable a rapid ramp-up of construction after project financing and a Final Investment Decision are secured. During the December quarter, the company completed resettlement for an access road, began work on a 220kV transmission line that is expected to deliver low-cost, hydro-dominated grid power and underpin regional industrialisation, and strengthened its balance sheet with recent equity raisings, leaving it well funded to continue early works while it pursues project funding amid supportive global conditions for critical minerals.

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 in the Ulanga region. The project targets large-scale production of battery-grade graphite, positioning the company within the critical minerals supply chain, particularly for electric vehicle and energy storage markets, with support from global partners such as POSCO and alignment with initiatives like the Minerals Security Partnership.

Average Trading Volume: 3,919,665

Technical Sentiment Signal: Sell

Current Market Cap: A$40.81M

For a thorough assessment of BKT stock, go to TipRanks’ Stock Analysis page.