** Black Rock Mining's BKT.AX shares fall as much as 16.7% to A$0.023, their lowest level since December 2014
** Graphite explorer gets commitments to raise A$5 million ($3.14 million) via placement at an issue price of A$0.023 per share
** Issue price represents a discount of 14.8% to stock's last closing
** Funds will be applied to general corporate costs and working capital - BKT
** Stock on track for sharpest intraday pct fall since November 27
** Stock has fallen 14.8% this year, as of 2337 GMT
($1 = 1.5931 Australian dollars)
(Reporting by Roshan Thomas in Bengaluru)
((Roshan.Thomas@thomsonreuters.com))
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