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Black Rock Mining Breaks Ground on Mahenge Project Amid Strong Funding Momentum

9:50am on Friday 30th of January, 2026 AEDT Mining
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Black Rock Mining Breaks Ground on Mahenge Project Amid Strong Funding Momentum

9:50am on Friday 30th of January, 2026 AEDT
Key Points
  • Official groundbreaking ceremony attended by Tanzanian Minister and POSCO representatives
  • Early works including access road resettlement and 220kV transmission line underway
  • Raised A$4 million in oversubscribed Share Purchase Plan, well-funded with A$9.6 million cash
  • Ongoing project financing discussions supported by global critical minerals policies
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