Black Rock awards US$11m bulk earthworks contract for Mahenge graphite project

Black Rock Mining Limited ( (AU:BKT) ) just unveiled an announcement.

Black Rock Mining has awarded a US$11 million bulk earthworks contract for its Mahenge Graphite Project in Tanzania to local firm Taifa Mining and Civils, following a competitive tender process conducted in line with Tanzanian Mining (Local Content) Regulations. The deal, which remains subject to Mining Commission approval, is split into an early works phase of about US$0.9 million to divert the Mdindo stream and set up contractor facilities, and a larger post-final investment decision phase of about US$10.1 million covering major site earthworks including roads, plant areas, tailings preparation and dams. Company management says the pricing matches previous Front End Engineering Design estimates, reinforcing the project’s cost assumptions, while the early works are intended to de-risk the development by providing unrestricted access to the plant site and enabling a rapid ramp-up to full-scale construction once financing is secured and a final investment decision is taken.

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-purity graphite for global battery and industrial markets, and has structured its development strategy around Tanzanian local content regulations and long-term contract mining and infrastructure partnerships.

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