Australian junior Black Rock Mining has released the scoping study results for its Mahenge graphite project, in Tanzania, which revealed that the project could support a 52 000 t/y graphite concentrate operation, with a mine life of over 25 years.
Speaking at the inaugural Paydirt Australian Graphite conference, in Perth, Black Rock MD Steven Tambanis reported that the project would require a capital investment of $57-million. It could deliver a net present value of $285.7-million and an internal rate of return of 62%.
