Red letter day for Black Rock

By Michael Quinn / May 08, 2018 / www.mining-journal.com / Article Link

The 200kg of concentrate was produced after production from a pilot plant was reprocessed through a polishing circuit, with samples now being sent to potential customers for assessment.

Black Rock said the "value proposition" for high-grade concentrate had recently been made by Syrah Resources, which is reportedly now targeting grades of 97-98%.

"Being able to generate ultra-high grade product using flotation is of significant value to downstream processors who are increasingly finding environmental constraints impacting their business," Black Rock said.

The junior is aiming to complete a definitive feasibility study later this year and be commissioning a graphite operation by late next year.

A prefeasibility study outlined a long-life project with initial capex of US$90 million and above-the-line earnings in the first full year of production of $220 million.

Black Rock started the current quarter with A$3.2 million cash.

Shares in Black Rock closed Monday at 4.6c, capitalising the company at $20.4 million.

The stock has traded in a range of about 5-7c for much of the past year.

 

Recent News

Smaller juniors still financed even in more cautious market

January 13, 2025 / www.canadianminingreport.com

Gold stocks shrug off equity market decline on metal gain

January 13, 2025 / www.canadianminingreport.com

Geopolitical risk outlook unclear after US election

January 06, 2025 / www.canadianminingreport.com

Low valuations offer a cushion to mining sector

January 06, 2025 / www.canadianminingreport.com

Polarized gold and iron ore moves, moderate aluminum and copper gains

December 30, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok