Lithium
44.03
(0.23%)
Gold
2,667.60
0.15%
Copper
4.35
(1.32%)
Oil
70.82
(0.96%)
Bitcoin
65,500.99
(0.85%)
FTSE 100
8,251.00
(0.5%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
105.80
(1.66%)
USD/AUD
0.67
(0.18%)
Hang Seng
20,318.79
(3.46%)
Lithium
44.03
(0.23%)
Gold
2,667.60
0.15%
Copper
4.35
(1.32%)
Oil
70.82
(0.96%)
Bitcoin
65,500.99
(0.85%)
FTSE 100
8,251.00
(0.5%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
105.80
(1.66%)
USD/AUD
0.67
(0.18%)
Hang Seng
20,318.79
(3.46%)
Lithium
44.03
(0.23%)
Gold
2,667.60
0.15%
Copper
4.35
(1.32%)
Oil
70.82
(0.96%)
Bitcoin
65,500.99
(0.85%)
FTSE 100
8,251.00
(0.5%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
105.80
(1.66%)
USD/AUD
0.67
(0.18%)
Hang Seng
20,318.79
(3.46%)
Lithium
44.03
(0.23%)
Gold
2,667.60
0.15%
Copper
4.35
(1.32%)
Oil
70.82
(0.96%)
Bitcoin
65,500.99
(0.85%)
FTSE 100
8,251.00
(0.5%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
105.80
(1.66%)
USD/AUD
0.67
(0.18%)
Hang Seng
20,318.79
(3.46%)
Lithium
44.03
(0.23%)
Gold
2,667.60
0.15%
Copper
4.35
(1.32%)
Oil
70.82
(0.96%)
Bitcoin
65,500.99
(0.85%)
FTSE 100
8,251.00
(0.5%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
105.80
(1.66%)
USD/AUD
0.67
(0.18%)
Hang Seng
20,318.79
(3.46%)
Lithium
44.03
(0.23%)
Gold
2,667.60
0.15%
Copper
4.35
(1.32%)
Oil
70.82
(0.96%)
Bitcoin
65,500.99
(0.85%)
FTSE 100
8,251.00
(0.5%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
105.80
(1.66%)
USD/AUD
0.67
(0.18%)
Hang Seng
20,318.79
(3.46%)
Lithium
44.03
(0.23%)
Gold
2,667.60
0.15%
Copper
4.35
(1.32%)
Oil
70.82
(0.96%)
Bitcoin
65,500.99
(0.85%)
FTSE 100
8,251.00
(0.5%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
105.80
(1.66%)
USD/AUD
0.67
(0.18%)
Hang Seng
20,318.79
(3.46%)
Lithium
44.03
(0.23%)
Gold
2,667.60
0.15%
Copper
4.35
(1.32%)
Oil
70.82
(0.96%)
Bitcoin
65,500.99
(0.85%)
FTSE 100
8,251.00
(0.5%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
105.80
(1.66%)
USD/AUD
0.67
(0.18%)
Hang Seng
20,318.79
(3.46%)
Lithium
44.03
(0.23%)
Gold
2,667.60
0.15%
Copper
4.35
(1.32%)
Oil
70.82
(0.96%)
Bitcoin
65,500.99
(0.85%)
FTSE 100
8,251.00
(0.5%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
105.80
(1.66%)
USD/AUD
0.67
(0.18%)
Hang Seng
20,318.79
(3.46%)
Lithium
44.03
(0.23%)
Gold
2,667.60
0.15%
Copper
4.35
(1.32%)
Oil
70.82
(0.96%)
Bitcoin
65,500.99
(0.85%)
FTSE 100
8,251.00
(0.5%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
105.80
(1.66%)
USD/AUD
0.67
(0.18%)
Hang Seng
20,318.79
(3.46%)
Lithium
44.03
(0.23%)
Gold
2,667.60
0.15%
Copper
4.35
(1.32%)
Oil
70.82
(0.96%)
Bitcoin
65,500.99
(0.85%)
FTSE 100
8,251.00
(0.5%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
105.80
(1.66%)
USD/AUD
0.67
(0.18%)
Hang Seng
20,318.79
(3.46%)
Lithium
44.03
(0.23%)
Gold
2,667.60
0.15%
Copper
4.35
(1.32%)
Oil
70.82
(0.96%)
Bitcoin
65,500.99
(0.85%)
FTSE 100
8,251.00
(0.5%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
105.80
(1.66%)
USD/AUD
0.67
(0.18%)
Hang Seng
20,318.79
(3.46%)
Lithium
44.03
(0.23%)
Gold
2,667.60
0.15%
Copper
4.35
(1.32%)
Oil
70.82
(0.96%)
Bitcoin
65,500.99
(0.85%)
FTSE 100
8,251.00
(0.5%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
105.80
(1.66%)
USD/AUD
0.67
(0.18%)
Hang Seng
20,318.79
(3.46%)
Lithium
44.03
(0.23%)
Gold
2,667.60
0.15%
Copper
4.35
(1.32%)
Oil
70.82
(0.96%)
Bitcoin
65,500.99
(0.85%)
FTSE 100
8,251.00
(0.5%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
105.80
(1.66%)
USD/AUD
0.67
(0.18%)
Hang Seng
20,318.79
(3.46%)
Lithium
44.03
(0.23%)
Gold
2,667.60
0.15%
Copper
4.35
(1.32%)
Oil
70.82
(0.96%)
Bitcoin
65,500.99
(0.85%)
FTSE 100
8,251.00
(0.5%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
105.80
(1.66%)
USD/AUD
0.67
(0.18%)
Hang Seng
20,318.79
(3.46%)
Lithium
44.03
(0.23%)
Gold
2,667.60
0.15%
Copper
4.35
(1.32%)
Oil
70.82
(0.96%)
Bitcoin
65,500.99
(0.85%)
FTSE 100
8,251.00
(0.5%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
105.80
(1.66%)
USD/AUD
0.67
(0.18%)
Hang Seng
20,318.79
(3.46%)
Lithium
44.03
(0.23%)
Gold
2,667.60
0.15%
Copper
4.35
(1.32%)
Oil
70.82
(0.96%)
Bitcoin
65,500.99
(0.85%)
FTSE 100
8,251.00
(0.5%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
105.80
(1.66%)
USD/AUD
0.67
(0.18%)
Hang Seng
20,318.79
(3.46%)
Lithium
44.03
(0.23%)
Gold
2,667.60
0.15%
Copper
4.35
(1.32%)
Oil
70.82
(0.96%)
Bitcoin
65,500.99
(0.85%)
FTSE 100
8,251.00
(0.5%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
105.80
(1.66%)
USD/AUD
0.67
(0.18%)
Hang Seng
20,318.79
(3.46%)
Lithium
44.03
(0.23%)
Gold
2,667.60
0.15%
Copper
4.35
(1.32%)
Oil
70.82
(0.96%)
Bitcoin
65,500.99
(0.85%)
FTSE 100
8,251.00
(0.5%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
105.80
(1.66%)
USD/AUD
0.67
(0.18%)
Hang Seng
20,318.79
(3.46%)
Lithium
44.03
(0.23%)
Gold
2,667.60
0.15%
Copper
4.35
(1.32%)
Oil
70.82
(0.96%)
Bitcoin
65,500.99
(0.85%)
FTSE 100
8,251.00
(0.5%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
105.80
(1.66%)
USD/AUD
0.67
(0.18%)
Hang Seng
20,318.79
(3.46%)

Black Rock Mining (ASX: $BKT) secures US$53.4m loan approval

Black Rock Mining's Debt Process Update


Tanzanian graphite developer Black Rock Mining Limited (ASX: $BKT) has received approval for a senior term loan of US$53.4m from The Industrial Development Corporation of South Africa (IDC) for the Mahenge Graphite Project. This loan, along with the previously approved US$59.6m senior loan from The Development Bank of Southern Africa, is expected to form the US$113m Term Loan for Mahenge. The loan terms are anticipated to include a seven-year tenor and an interest rate based on the Secured Overnight Financing Rate (SOFR) plus a margin.

Executive Commentary on Funding and Project Development


The Company is pleased to have secured the IDC's approval for the senior term loan, marking a significant milestone in the debt process for the Mahenge Graphite Project. The funding from both debt and equity sources is crucial for the Project's progression towards production. We are also in the final stages of securing a potential cornerstone equity position from our Strategic Alliance Partner, POSCO International Corporation, which further demonstrates the confidence in our project. The Company remains focused on achieving first production from Module 1 in 2026.

Summary of Black Rock's Debt Process Update


Black Rock Mining Limited has successfully obtained approval for a US$53.4m senior term loan from the IDC, contributing to the anticipated US$113m Term Loan for the Mahenge Graphite Project. The Company's strategic focus on securing both debt and equity funding highlights its commitment to advancing the Project towards production. With the potential cornerstone equity position from POSCO International Corporation and the targeted first production from Module 1 in 2026, Black Rock is poised to progress its ambitious corporate strategy for the Mahenge Graphite Project.

BLACK ROCK MINING LIMITED
BKT | ASX | Materials
0.050(+0%)
At close 14/10 (AEDT)
Market cap
$62.6M
Volume
2,713,198
DY Yield
PE Ratio
52 Week Range
0.046 - 0.135
1YR Return
N / A

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