BKT 0.99% 5.0¢ black rock mining limited

Ann: BKT Signs POSCO Offtake & Prepayment Agreement, page-4

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    Term Sheet signed with POSCO comprising:
    ▪ US$10M prepayment commitment, repayable via delivery of product; and
    ▪ Offtake agreement for 100% of planned fines production (-#100) from Mahenge
    module one
    • Potential remains for an additional US$10M prepayment from Export Credit Agencies
    • Strong end user confidence shown for Black Rock’s high purity graphite product
    supports debt financing activities in train

 
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