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How Black Rock’s A$14M Raise Fuels Mahenge Graphite Project’s Early Works
8:43am on Tuesday 28th of October, 2025 AEDT
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Mining
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How Black Rock’s A$14M Raise Fuels Mahenge Graphite Project’s Early Works
8:43am on Tuesday 28th of October, 2025 AEDT
Key Points
Raised A$10 million via placement and A$4 million through oversubscribed SPP
Early Works Program initiated post-quarter, including site earthworks and infrastructure upgrades
Groundbreaking ceremony attended by Tanzanian Minister of Minerals and POSCO representatives
A$3.6 million cash on hand at quarter end with no drawn debt
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