BKT 5.00% 3.8¢ black rock mining limited

Ann: BKT 1st Spherical Tests deliver Battery Grade Specifications-BKT.AX, page-12

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  1. 3,331 Posts.
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    Agree there will be a series of announcements over next few months incl resource upgrades as per company presentation

    PFS is expected to be completed this month and results i suspect will be mid next month - this will provide a nice catalyst for price appreciation IMO
    DFS expected in March 2017 and they also stated that they were pursuing "offtake agreements" by end of 2016 and as we all know they working with USA and Japan with additional spherical testing


    The company moves towards the following key strategic milestones:
    • Upgrade and increase to the Company’s JORC resource
    • Results from our Cascades drilling programme
    • Further metallurgical analysis to optimise the TGC purities and yields
    • Delivery of a Pre-Feasibility Study
    • Securing offtake supply agreements
    • Delivery of a Definitive Feasibility Study
    BKT progress moving rapidly and they are more likely to be one of the next graphite producers in Tanzania behind MNS - we are essentially looking at production in 2018 once we get those permits and funding approved next year following the BFS being released - currently with 52,000 tonnes contained graphite per annum we achieve payback inside two years on $50 million capital investment and a IRR of 62% which is excellent

    BKT are another exciting play for me
    GLTA
    G101
    Last edited by Graphite101: 23/09/16
 
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