For thousands of other reports visit RSC's Mineral Intellingence Map
Black Rock Mining Ltd.
Summary
| Project: | Mahenge | |
|---|---|---|
| Deposit: | Mahenge | |
| Location: | Tanzania | |
| Commodities: | Graphite | |
| Date: | 7/24/2019 | |
| Report Code: | JORC | |
| Report Type: | Feasibility Study | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 24-7-2019: Black Rock Mining Ltd. announces a Feasibility Study report for its Mahenge deposit at the Mahenge project. Enhanced definitive feasibility study results with addition of fourth module. Tanzanian graphite developer Black Rock Mining Limited (BK | |
| Resources: | (Reserve, Prob.) 70Mt @ 8.5% TGC | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | Tanzanian graphite developer Black Rock Mining Limited (BKT: ASX) (“Black Rock” or “the Company”) is pleased to announce it has enhanced the 100% owned Mahenge Graphite Project DFS released on 24 October 2018 to include a fourth production module, and a compressed development schedule, which is now subject to financing and confirmation of the 16% Tanzanian government free carried interest. The enhanced DFS was completed in response to product demand and feedback from customers and financial markets for a more aggressive production schedule and de-risked commissioning plan. Black Rock completed a definitive feasibility study (DFS) on the Mahenge Project in October 2018 and is moving towards securing project financing and progressing into construction and operations with first production targeted in 2020 to 2021. Exact timing of first production will be an outcome of progress on securing finance. The enhanced DFS (eDFS) was considered due to strong customer demand and includes the provision for a fourth production module of 85k tonnes per annum, increasing total steady state production to 340 – 350 k tonnes per annum. The development schedule, subject to financing and confirmation of the 16% Tanzanian government free carried interest, will now consider four production modules each coming online annually after the first module, rather than every two years in the original DFS. The milling schedule was developed using existing pit shells for Ulanzi and Cascades, with no changes in pit inventory or Ore Reserves as an outcome of eDFS. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report