RCS - Blencowe Resources - Research Note

Blencowe ResourcesAnnouncement

02/03/2023 08:00

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RNS Number : 6546R  Blencowe Resources PLC  02 March 2023

02 March 2023

BLENCOWE RESOURCES PLC

("Blencowe" or the "Company")

 

Research Note on Orom-Cross Graphite Project

Blencowe Resources Plc (LSE: BRES) is pleased to note the publication of a new
research Initiation report by Resolve Research Limited ("Resolve") on the
Company's Orom-Cross graphite project, located in Uganda.

The Resolve note, titled "Blencowe Resources - Walking with Elephants" states
that "Orom-Cross is fast becoming a Tier 1 project at an inflection point for
graphite demand" and applies a "highly conservative discounted cash flow
analysis using a 12% discount rate" to its valuation model.

The report (compiled using publicly available information) and which applies a
23p target price with a "Strong Buy stance" is available on the Company's
website at the following link:

https://blencoweresourcesplc.com/wp-content/uploads/2023/03/Blencowe-Resources-Initiation-Report.pdf

 

For further information please contact:

 

 Blencowe Resources Plc  www.blencoweresourcesplc.com (http://www.blencoweresourcesplc.com)

 Sam Quinn               info@blencoweresourcesplc.com (mailto:info@blencoweresourcesplc.com)

                         +44 (0)1624 681 250
 Investor Enquiries      Tel: +44 (0) 7891 677 441

 Sasha Sethi             sasha@flowcomms.com (mailto:sasha@flowcomms.com)

 Tavira Securities       Tel: +44 (0)20 3192 1733

 Jonathan Evans          jonathan.evans@tavirasecurities.com

                       (file:///C%3A/Users/niked/Downloads/jonathan.evans@tavirasecurities.com)

 First Equity Limited    Tel: +44 (0)20 7330 1883

 Jason Robertson         jasonrobertson@firstequitylimited.com
                         (mailto:jasonrobertson@firstequitylimited.com)

 

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