Company Interview / Small-cap secures large backing

John de Vries from Black Rock Mining (ASX: BKT) emphasises the significance of their Tanzanian graphite project. He highlights agreements with Tanzania Electric Supply Company to build a 70 km power line, reducing power tariffs and leading to competitive production costs for the global graphite industry.

John explains the financial backing in place, with debt agreements securing $189 million. Partnering with Posco of Korea, Black Rock benefits from a $10 million prepaid and a $40 million equity pledge. This positions the company to be approximately 70% funded for their operations.

John details the globally substantial graphite resource, second largest JORC reserve, set for a 26-year mine life. He mentions the relationship with Posco, aiming to establish an ex-China supply chain, crucial amid China's current market control. Despite potential interest, John insists their commitment to independently run the project is unaffected.