Approved, now just financing to commence construction - no more...

Approved, now just financing to commence construction - no more steps between.

• Black Rock Mining’s 100% owned Tanzanian subsidiary Mahenge Resources has been granted twocontiguous mining licenses ML 00668/2018 and ML 00669/2018 for development of the MahengeGraphite Mine
• Combined area of the two mining licenses is 19.68 km2 covering the entire Mahenge Graphite Mine projectdevelopment program consistent with DFS released on 24 October 2018
• Mining licence also includes Epanko area and intermediate areas considered as prospective forextensional mineralisation not included in DFS mine development
• Licences are normal mining licences with a term of 10 years before mandatory renewal

Tanzanian graphite developer Black Rock Mining Limited (BKT: ASX) (“Black Rock” or “the Company”) is pleased toannounce that its 100% owned Tanzanian subsidiary Mahenge Resources has been granted by the MiningCommission of the Tanzanian Ministry of Minerals, two contiguous mining licences, ML 00668/2018 andML 00669/2018, over the Mahenge Graphite Mine development area. The Mining Licences compliment theEnvironmental Permit that was awarded on 5 September 2018.Subject to the completion of detailed engineering and financing, Black Rock Mining is now in a position to commenceconstruction of the Mahenge Graphite Mine that has the following exceptional financial metrics: