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Black Rock Mining Ltd's chairman Stephen Copulos buys more on-market

Black Rock Mining Ltd's (ASX:BKT) chairman, Stephen Copulos, has continued to build his stake in the company through on-market purchases.

Copulos picked up another 1,500,000 shares for a consideration of $93,818.40.

Early in the month Copulos bought 1,000,000 shares.

Black Rock is focused on the Mahenge Graphite Project in Tanzania.

A recent Scoping Study indicated the project would generate strong revenues if developed and a payback period of capital in just two years.

Based on the study and resource base, Mahenge could become a long life, low cost graphite concentrate mining operation, based on forecast production of 52,000 tonnes per annum.

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