All tagged Black Mountain Resources ASX:BMZ

Black Mountain Resources - Successful ASX Reinstatement, Capital Raising & Restructure

Black Mountain Resources (ASX: BMZ) has been reinstated to trading on the ASX today following the acquisition of the Namakera Vermiculite Mine and the successful $6.05m equity raising. The Company has also announced an aggressive mine upgrade plan for Namakera with new mining fleet and fixed equipment to be installed. A new JORC-2012 Mineral Resource and Ore Reserve is expected shortly.

Black Mountain Resources - Technical Update For Namekara Project

Black Mountain Resources (ASX: BMZ) has defined an Exploration target of 45-55Mt at 20-27% >180µm and 15-19% >425µm for the Namakera Vermiculite Mine in Uganda. The Exploration Target is based on historical internal studies as well as 7 years of intermittent mining. The newly defined Exploration Target will be included in a Replacement Prospectus as part of the capital raising to complete the transaction.