RCS - Blencowe Resources - Updated Corporate Presentation

Blencowe ResourcesAnnouncement

10/12/2024 10:15

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RNS Number : 5227P  Blencowe Resources PLC  10 December 2024

Date: 10 December
2024
 

Blencowe Resources Plc

("Blencowe" or the "Company")

 

Updated Corporate Presentation and Q&A Session

 

Blencowe Resources (LSE: BRES), the London-listed graphite development company
advancing the Orom-Cross Graphite Project in Uganda, is pleased to announce
that an updated corporate presentation has been published on the Company's
website.

 

This updated presentation outlines Blencowe's evolving strategy, its unique
approach to value creation, and the key points of differentiation that set it
apart within the graphite sector. The presentation incorporates the Company's
most recent developments, including:

 

·      DFS progress and drilling campaign - Targeting a significant
uplift in JORC Resource and Reserves.

·      Strategic downstream processing initiatives - Plans for a
spheronised, purified graphite (SPG) facility to deliver higher-margin
products.

·      Tier-one partnerships - Recent involvement with the EU-backed
SAFELOOP programme, driving premium pricing opportunities and substantial
offtake potential.

·      Clear roadmap to production - Outlining milestones and key
catalysts ahead.

 

The updated presentation provides a comprehensive insight into Blencowe's
strategy to differentiate itself from other graphite producers and to capture
a greater share of value through downstream integration.

 

The updated presentation, can be viewed at the following link:

 

https://blencoweresourcesplc.com/wp-content/uploads/2024/12/Blencowe-Presentation-Dec-2024-v1.pdf
(https://blencoweresourcesplc.com/wp-content/uploads/2024/12/Blencowe-Presentation-Dec-2024-v1.pdf)

 

Blencowe CEO, Mike Ralston, will also be discussing the Company's latest
developments and strategy on a live Q&A session on the SmallCapPix.com
investor platform on X (formerly Twitter) at 12 noon UK time today.
Investors with access to the X platform can join the session using the
following link:

 

https://x.com/smallcappixuk/status/1864650525167255641
(https://x.com/smallcappixuk/status/1864650525167255641)

 

Interested investors are encouraged to listen in to hear more about Blencowe's
plans for 2024 and beyond. A recording of the session will be made available
shortly afterwards.

 

 

For further information please contact:

   Blencowe Resources Plc    www.blencoweresourcesplc.com

 Sam Quinn                   Tel: +44 (0)1624 681 250

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

 Investor Relations          Tel: +44 (0) 7891 677 441

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

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

 Jonathan Evans              jonathan.evans@tavira.group (mailto:jonathan.evans@tavira.group)

Twitter https://twitter.com/BlencoweRes (https://twitter.com/BlencoweRes)

LinkedIn https://www.linkedin.com/company/72382491/admin/
(https://www.linkedin.com/company/72382491/admin/)

 

 

 

Background

Orom-Cross Graphite Project

Orom-Cross is a potential world class graphite project both by size and
end-product quality, with a high component of more valuable larger coarse
flakes within the deposit.

A 21-year Mining Licence for the project was issued by the Ugandan Government
in 2019 following extensive historical work on the deposit.  Blencowe
completed a successful Pre-Feasibility Study on the Project in July 2022 and
is now within the Definitive Feasibility Study phase as it drives towards
first production.

Orom-Cross presents as a large, shallow open-pitable deposit, with an initial
JORC Indicated & Inferred Mineral Resource of 24.5Mt @ 6.0% TGC (Total
Graphite Content). This Resource has been defined from only ~2% of the total
tenement area which presents considerable upside potential ahead.
Development of the resource is expected to benefit from a low strip ratio and
free dig operations together with abundant inexpensive hydro-electric power
off the national grid, thereby ensuring low operating costs.  With all major
infrastructure available at or near to site the capital costs will also be
relatively low in comparison to most graphite peers.

In 3Q 2024 Blencowe introduced a Joint Venture concept with experienced
downstream graphite processing partners to ultimately produce upgraded 99.95%
SPG in Uganda.  This strategy has several key advantages plus substantial
cost savings which will assist deliver a world class project once DFS is
completed.

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