BLK, page-112

'They need capital to extend the mine life beyond this year, where is that coming from?'

That's a good question.

BLK provided shareholders with the following reassurance on page (48) of the Mar'19 Prospectus under the sub-heading 'Future Capital Requirements'...

'Whilst the Entitlement Offer is expected to position the Company well, the Company may require further financing for exploration and development of its existing projects, and will require funding for the expansion plans the subject of the proposed Expansion DFS, in addition to amounts raised under the Entitlement Offer. Any additional equity financing that the Company may undertake in the future may dilute existing shareholdings.

Debt financing, if available, may involve restrictions on financing and operating activities.

There can be no assurance that the Company will be able to obtain additional financing when required in the future, or that the terms and time frames associated with such financing will be acceptable to the Company. This may have an adverse effect on the Company's ability to achieve its strategic goals, including the expansion the subject of the proposed Expansion DFS, and have a negative effect on the Company's financial results, liquidity position and the value of the shares'