Black Rock Mining Limited - Default Lifted from Mahenge Special Mining Licence

About this update from Black Rock Mining Limited

Tanzanian graphite developer Black Rock Mining Limited (ASX: BKT) (Black Rock, BKT or the Company) is pleased to advise that the Mining Commission of Tanzania ( Mining Commission ) has provided formal confirmation that a notice of default (Notice) issued in relation to the Special Mining Licence (SML) granted to the Company's Tanzanian subsidiary, Faru Graphite Corporation Limited (Faru) (Black Rock 84%), in relation to the Mahenge Graphite Project in Tanzania (Mahenge, the Project), as referred to in the Company's trading halt request of 14 April 2025 , has been lifted. The Company understands that the Notice was one of ninety-five breach notices issued by the Mining Commission to large and medium-scale licence holders. Upon receipt of the Notice, the Company promptly submitted a formal written response, along with supporting documentation, to the Mining Commission to address the Notice. After market close on 9 May 2025 , the Company received a letter from the Mining Commission confirming that the default had been lifted. In relation to the SML, the Company confirms that there is no change to the terms of the SML and that there are no impediments to operations. The Company welcomes the confirmation of the lifting of the default in relation to the SML and looks forward to working with the Government of the United Republic of Tanzania to develop the world class Mahenge Graphite Project . In relation to the Company's suspension pursuant to Listing Rule 17.3, as announced 22 April 2025 , the Company confirms that it is in compliance with Listing Rule 3.1, and the Listing Rules generally, and that the Company is not aware of any reason why the suspension should not be lifted. Contact: John de Vries Tel: +61 438 356 590 Email: [email protected] Steuart McIntyre Tel: +61 413 555 609 Email: [email protected] Forward looking statements disclaimer This announcement contains certain 'forward-looking statements' and comments about future matters. Forward looking statements can generally be identified by the use of forward-looking words such as, 'expect', 'anticipate', 'likely', 'intend', 'should', 'estimate', 'target', 'outlook', and other similar expressions and include, but are not limited to, the timing, outcome and effects of the financing process. Indications of, and guidance or outlook on, future earnings or financial position or performance are also forward-looking statements. You are cautioned not to place undue reliance on forward-looking statements. Any such statements, opinions and estimates in this release speak only as of the date hereof, are preliminary views and are based on assumptions and contingencies subject to change without notice. Forward-looking statements are provided as a general guide only. There can be no assurance that actual outcomes will not differ materially from these forward-looking statements. Any such forward looking statement also inherently involves known and unknown risks, uncertainties and other factors and may involve significant elements of subjective judgement and assumptions that may cause actual results, performance and achievements to differ. Except as required by law the Company undertakes no obligation to finalise, check, supplement, revise or update forward-looking statements in the future, regardless of whether new information, future events or results or other factors affect the information contained in this announcement. (C) 2025 Electronic News Publishing, source ENP Newswire

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