Black Rock Mining Limited

Black Rock Mining Limited (ASX:BKT)

Offer Price

A$0.0210

per share

Offer Size

A$10,000,000

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Black Rock Mining Limited (ASX:BKT)

BKT

Lead Manager

Contact - Jake Grbavac

0474 484 982

jake@liquidity.com.au

Offer Price

A$0.0210

per share

Offer Size

A$10,000,000

Offer Details

Issue Price (Per Share)

A$0.0210

Discount

-23.53%

Offer Size

A$10,000,000

Shares Available

476,190,476

A$10m capital raising comprising a two-tranche placement (Placement), with the ability to accept oversubscriptions, and share purchase plan (SPP) at A$0.021 per share (together the Offer).

1 new option for every 1 share subscribed under the Offer (New Option). New Options will have an exercise price of A$0.03 & expiry 2 years from issue.

Discount

Discount to last close of A$0.0275/sh: 23.6%. Discount to 5 trading day VWAP of A$0.0279/sh: 24.8%. Discount to 15 trading day VWAP of A$0.0284/sh: 26.1%.

Documents & Downloads

Company Overview

Black Rock Mining Limited (ASX: BKT) is an Australian resources company advancing the Mahenge Graphite Project in Tanzania, one of the world’s largest and highest-purity flake graphite deposits. Designed as a low-cost, long-life operation powered by renewable hydro energy, Mahenge positions Black Rock to be a key supplier to the rapidly growing battery and electric vehicle (EV) sectors. With strategic investment and offtake support from global battery materials leader POSCO, the company is well-placed to deliver sustainable, high-quality graphite products to meet surging global demand.

Mahenge graphite project in Tanzania (84%)

  • Tier 1 – 2nd largest graphite Reserve globally (70.5Mt).
  • Forecast first quartile costs – hydro-dominated grid (Fig 1).
  • Very low carbon-footprint products (decarbonisation).
  • Low impurities and favourable metallurgy – 95-99% Total graphitic carbon (TGC) concentrate.
  • Access to substantial existing infrastructure (Fig 2).

Mahenge NPV10 US$1.4bn (A$2.1bn)

First production target CY27, 24 months from FID

Backed by largest ex-China anode producer POSCO

  • Strategic alliance and major shareholder.
  • Cornerstone offtake partner (3 offtake agreements).

Up to US$254m funding in place

  • US$204m funding signed with DBSA, IDC and CRDB.
  • Up to US$50m funding signed with POSCO.

Use of Funds

Funds raised will be applied to fund early works for the Mahenge graphite project including commencing construction activities and general corporate and working capital.

Indicative Timetable

Offer close – Southern Hemisphere (4pm Syd time)

29 Aug 25

Placement Tranche One Settlement Date

8 Sep 25

Placement Tranche One Allotment Date

9 Sep 25

SPP Opening Date

15 Sep 25

General Meeting

17 Oct 25

SPP Closing Date

20 Oct 25

Placement Tranche Two Settlement Date

23 Oct 25

Placement Tranche Two Allotment Date

24 Oct 25

Announcement of SPP results

24 Oct 25

Disclaimer

This site does not constitute an offer, recommendation, or invitation to any person, nor does it purport to provide all of the information an interested party may require in order to investigate the affairs of Black Rock Mining Limited. This site is provided for information only and has not been prepared with the intention that the recipient should rely on it. Liquidity Technology Pty Ltd ("Liquidity") does not make any representation in relation to the contents of this site or give any assurances as to the accuracy or the degree of care or diligence used in preparing this document. The information, data, and advice herein is provided to recipients on the clear understanding that Liquidity nor any of its representatives, directors, officers, employees, agents, or advisers makes any representation or warranty about its accuracy, reliability, completeness, or suitability for any particular purpose and does not accept liability (including, but not limited to, for any expenses, losses, damages, and/or costs (including, but not limited to, indirect or consequential damage)) nor take any responsibility of any kind whatsoever (including, but not limited to, whether in contract, tort, financial or otherwise) for the information, data, or advice contained in or for any omission or for any other information, statement, or representation provided to any recipient (including, but not limited to, as a result of information, data, or advice being inaccurate, unreliable, incomplete, or unsuitable in any way and for any reason whatsoever). Users of this site must conduct their own investigation and analysis regarding any information, statement, or representation contained or provided to any recipient or its associates by Liquidity or any of the Liquidity Personnel. Each recipient waives any right of action, which it has now or in the future against Liquidity or any of the Liquidity Personnel in respect of any errors or omissions on or from this site, however caused. All rights are reserved. If the whole or any part of a provision of this "Notice and Disclaimer" is invalid, illegal, or unenforceable, then such provision will be severed and neither that part or provision or its severance will affect the validity or enforceability of the remaining parts or provisions.

Disclosure of Interest: Liquidity receives commission from dealing in securities and its introducers of business may directly share in this commission. Liquidity and its associates may hold shares in Black Rock Mining Limited.

Black Rock Mining Limited

Placement

Black Rock Mining Limited (ASX:BKT)

BKT

Offer Price

A$0.0210

per share

Offer Size

A$10,000,000

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