Modern Mining November 2015

MINING News

Black Rock Mining acquires Bagamoyo graphite project

Connecting Global Competence

The project is located in the Bagamoyo district of Tanzania, approximately 125 km north-west of Dar es Salaam.

ASX-listed Black Rock Mining has executed an exclusive option agreement to acquire a 100 % interest in seven contiguous mineral exploration permits, collectively known as the Bagamoyo graphite project, in Tanzania. Black Rock already holds the Mahenge graphite project, which includes the Cascade and Ulanzi prospects, south-west of Dar es Salaam. “The acquisition of the Bagamoyo graphite project represents a significant strategic milestone and establishes the company as a major graphite explorer and developer in Tanzania,” comments the MD of Black Rock Mining, Steve Tambanis. “The Mahenge project remains our priority and is expected to deliver a significant resource by the end of 2015; however, we see an opportunity to leverage our excellent exploration team into the Bagamoyo graphite project whilst the Ulanzi drill-out is completed. “In addition to being ideally located close to port, rail, power and water, we are particularly excited by the mineralisation observed at the project, which includes the coarsest flake graphite the company has observed in Tanzania. Given the exciting nature of the mineralisa­ tion and favourable location, the company has taken the opportunity to secure an extensive tenure position in the region.” The project is located in the Bagamoyo district of Tanzania, approx­ imately 125 km north-west of Dar es Salaam and covers a total area of 1 116 km 2 . The region is an established supplier of aggregates, sand and building materials into Dar es Salaam and provides significant logistical advantages including access to excellent transport infra­ structure, power and water supply. Initial exploration completed by Black Rock has identified a sig­ nificant coarse flake graphite zone covering an area of approximately 1 km x 200 m of outcrop and extensive float rock. The graphitic min­ eralisation is flat lying to shallow dipping on relatively flat ground and has an observed thickness of approximately 30 m. Preliminary analysis indicates exceptionally coarse flake graphite mineralisation, with typical graphite flake size of 2-7 mm and many occurrences >10 mm. The indicative graphite grade observed is 7 % TGC which, whilst lower than Mahenge, has the potential to result in a premium product given the very coarse flake. Outcrop samples have been dispatched to Australia for flake characterisation. 

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