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An update from Black Rock Mining Limited ( (AU:BKT) ) is now available.
Black Rock Mining Limited announced the commencement of its Early Works Program at the Mahenge Graphite Project, following a successful A$10 million placement and oversubscribed share purchase plan. The groundbreaking ceremony, attended by key stakeholders including the Tanzanian Minister of Minerals and representatives from POSCO, marks a significant step towards the project’s development. The project is expected to create over 400 full-time jobs initially, with plans to expand further, and includes the development of a high voltage power line to enhance regional industrialization.
The most recent analyst rating on (AU:BKT) stock is a Buy with a A$0.11 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 graphite developer, primarily focused on the Mahenge Graphite Project. The company operates in the mining industry, with a significant emphasis on graphite production, which is a crucial component in various industrial applications. The Mahenge project is positioned to contribute significantly to the development of the Ulanga region in Tanzania, offering substantial employment opportunities and infrastructure support.
Average Trading Volume: 4,312,482
Technical Sentiment Signal: Sell
Current Market Cap: A$40.8M
For detailed information about BKT stock, go to TipRanks’ Stock Analysis page.