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BLACK ROCK MINING LIMITED — Share Issue/Capital Change 2017
Mar 9, 2017
64531_rns_2017-03-09_45df0bdc-c71f-4da7-99f3-4ac5e5c510c9.pdf
Share Issue/Capital Change
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Escrow Securities
10 March 2017
Black Rock Mining Limited (ASX.BKT) (“Black Rock Mining” or “the Company”) confirms that in accordance with ASX listing rule 3.10A, that 9,088,265 shares will be released from escrow on 31 March 2017.
For further information please contact:
Mr. Steven Tambanis Managing Director Office: +61 8 9320 7550 Email: [email protected]
Mr. Gabriel Chiappini
Director +61 8 9320 7550 Email: [email protected]
About Black Rock Mining
Black Rock Mining Limited is an Australian based company listed on the Australian Securities Exchange. The Company owns graphite tenure in the Mahenge region of Tanzania.
In December 2016, the Company announced a JORC compliant Mineral Resource Estimate of 203m tonnes at 7.8% TGC for 15.9m tonnes of contained Graphite, making this one of the largest JORC compliant flake graphite Mineral Resource Estimates globally. 50% of the Mineral Resource is in the Measured and Indicated categories.
The Company is currently completing a Pre-Feasibility Study likely to target the high grade portion of the Cascade Mineral Resource Estimate that contains 14.0m tonnes at 12.1% TGC. This Study is expected to demonstrate industry leading operational cash costs and a multi-generational mine for a project that can deliver a high purity product from conventional flotation circuit processing.
For further information on the company’s development pathway, please refer to the company’s website at the following link: http://www.blackrockmining.com.au and the corporate video presentation at http://www.blackrockmining.com.au/#video