Black Rock Mining is Australian based graphite developer. Black Rock’s Mahenge project has completed a Pre-Feasibility study in August 2017 and is planning to complete a Definitive Feasibility study in the H2 2018.
Pre-Feasibility outcomes indicate an exceptional quality project with a reserve ranked second behind Syrah. Project development is via a three stage self funded “bootstrap” model, delivering an after tax NPV10 of US$ 905m, with an IRR of 45.1%.
With pre-production capex of only US$ 90.1m, and an operating cost of only US$ 378 per tonne FOB, the Mahenge project is a unique high quality exposure to the emerging new energy and fire proof insulation thematics.