Black Rock awarded special mining licence in Tanzania

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Black Rock awarded special mining licence in Tanzania

Graphite developer Black Rock Mining has been awarded a special mining licence at its Mahenge graphite project, in Tanzania.

Black Roc MD John de Vries confirmed the reports and said the special mining licence was a “major empowering document for the company that would allow Black Rock to move ahead with the Mahenge project quickly.

Development timeline

“So the development timeline considered under the special mining licence will see us commence the finance process shortly, with the view that we’ll get into construction at the end of this year, early next year,” said John de Vries.

Works on the project is set to likely take between 15 and 18 months, depending on the wet season, with the company now starting work on debt financing to develop Mahenge. Black Rock in February reported a 25% increase in the measured resource at Mahenge, where the mineral resource is estimated at 213.1-million tonnes, at 7.8% total graphitic carbon, with the measured resource making up 31.8-million tonnes, and the indicated resource estimated at 84.6-million tonnes.

A 2019 definitive feasibility study estimated that Mahenge could produce 340 000 t/y of graphite during Stage 1 operations, for a capital investment of $116-million. De Vries said that Black Rock was working to update the feasibility study estimates as part of the front-end engineering work being undertaken at the project.

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