Black Rock Mining Ltd (ASX:BKT) chief executive officer John de Vries updates Proactive Investors about the graphite company’s development of its Mahenge Graphite Project in Tanzania.
Mahenge is one of the largest JORC-compliant flake graphite resources globally, with 211.9 million tonnes at 7.8% total graphitic carbon for 16.6 million tonnes of contained graphite.
Black Rock’s pre-feasibility study for the project considers a three-stage construction schedule to deliver up to 250,000 tonnes per annum of 98.5% graphite concentrate for 31 years.
“The PFS delivered a $905 million NPV10 (net present value at a 10% discount), after tax, after government free-carried, on top of a $90 million-dollar investment,” de Vries says.
He continues, “that is a 10-1 NPV to capital ratio which is just simply unheard of in a lot of modern projects.”
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