Tanzania: Black Rock Mining to Finalise Funding for Graphite Exploration

Posted on : Tuesday, 27th October 2015

Black Rock Mining (ASX:BKT) has been granted a trading halt this morning, with its shares placed in pre-open.

The company requested the halt pending the finalisation of funding for its exploration program, and to strengthen its balance sheet.

Earlier in the month Black Rock hit its highest graphite grades yet at its Mahenge graphite project in Tanzania.

The halt will remain in place until the opening of trade on Wednesday 28th October 2015, or earlier if an announcement is made to the market.