Proactive Investors - Run By Investors For Investors

Black Rock Mining’s former board member increases stake to 20.38%

The company signed its third off-take deal earlier this week for its Mahenge graphite project.
man with briefcase running up ascending share price arrow
The latest off-take was a three year deal for up to 100,000 tonnes per annum

Black Rock Mining Ltd (ASX:BKT) has revealed an increase in holding from substantial shareholder Copulos Group to 20.38% from 18.66%.

Notably, Copulos Group is directly related to the company’s former chairman and non-executive director Stephen Copulos.

The holdings increase follows newsflow earlier this weak revealing that Black Rock had signed a third off-take agreement for its flagship Mahenge Graphite Project in Tanzania.

READ: Black Rock Mining’s third deal takes graphite offtake to 85% of planned annual production

This recent deal along with the two prior off-takes could represent about 85% of proposed annual natural flake graphite production from Mahenge.

View full BKT profile View Profile

Black Rock Mining Ltd Timeline

Related Articles

Vast Resources
January 04 2019
Chief executive Andrew Prelea said Vast Resources is focused on improving results in its core operations in Romania and Zimbabwe.
August 01 2018
Tungsten prices are on the rise and construction is proceeding apace at Barruecopardo
Leonora project location
January 30 2019
The Sprott-backed company posted its quarterly activities and cashflow reports to market yesterday.

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use