Blenheim Natural Resources completed some transformational acquisitions in Mali in both a 40% holding in Mansa lithium and 30% holding in Nashwan holdings, which provides exposure to the booming sector of lithium. The fact is lithium demand is being driven globally by both the UK and EU uptake in electric cars and lithium-ion batteries. Whilst Blenheim is early stage in the exploration in Mali, their neighbours Kodal and Birimian have already discovered world class grades of lithium of up to ~4% grades - This in itself has derisked Blenheim and presents a compelling case to invest in BNR.

Interestingly, the neighbouring lithium company "Birimian "had a proposed sale transaction of $107.5m in early 2017, that highlights the value of these projects and one that Blenheim's operating partner "Xantus" is looking to replicate. Blenheim is way undervalued to its peers at a £4m markets cap. However, given its early stage of development, Blenheim offers a speculative investment opportunity and is not without risk.

In September 2017, Blenheim announced it had raised £900k at 0.45p. The proceeds will certainly be used to add further assets to the portfolio, along with IGS (Global Geospatial Consultancy), 20% interest in Kalahari Key, £250,000 investment portfolio and existing cash resources of ~ £1.5m post the September placing.

In the weeks to come, assay results should see the Blenheim share-price align closer to its peers.

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