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November 2015

MODERN MINING

15

MINING News

Black Rock Mining acquires

Bagamoyo graphite project

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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