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Black Rock Mining Appoints POSCO Nominee to Board as Mahenge Project Advances

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Black Rock Mining Appoints POSCO Nominee to Board as Mahenge Project Advances

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Black Rock Mining Limited ( (AU:BKT) ) just unveiled an announcement.

Black Rock Mining Limited announced the appointment of Dongjoo (DJ) Kim as a Non-Executive Director, nominated by POSCO, its strategic alliance partner. This appointment is seen as a strong endorsement of POSCO’s commitment to supporting Black Rock’s Mahenge Graphite Project, which is on track for development. The addition of DJ Kim, with his extensive experience in raw materials investment, is expected to bolster Black Rock’s board capabilities as the company progresses towards the construction phase of the project.

More about Black Rock Mining Limited

Black Rock Mining Limited is an Australian-based company listed on the Australian Securities Exchange. The company holds an 84% interest in the Mahenge Graphite Project in Tanzania, a significant graphite reserve globally. Black Rock has entered into a Strategic Alliance with POSCO, a major shareholder and strategic partner, to develop the project, including securing environmental approvals, mining licenses, and a special mining license.

YTD Price Performance: 10.0%

Average Trading Volume: 800,388

Technical Sentiment Consensus Rating: Buy

Current Market Cap: A$41.32M

See more data about BKT stock on TipRanks’ Stock Analysis page.

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