Black Rock Mining (BKT) Q4 2026 TU earnings summary

Executive summary

• Early works for the Mahenge Graphite Project are nearing completion, positioning the project for rapid construction once fully funded and a Final Investment Decision (FID) is made.

• Community compensation for the final project area has been completed, and key infrastructure surveys and contracts are in place.

• The company secured an extension to its US$204m credit facility, extending the financial close deadline to 30 November 2026.

Financial highlights

• Cash reserves stood at A$4.9m as of 30 June 2026, with no drawn debt.

• Net cash used in operating activities for the quarter was A$1.77m; net cash used in investing activities was A$0.53m.

• Net cash from financing activities was A$13.18m for the quarter.

Outlook and guidance

• The extension of the debt facility provides additional time to secure the remaining equity funding required for full project development.

• The company remains focused on achieving financial close and a fully funded FID by the extended deadline.