RCS - Blencowe Resources - Updated Corporate Presentation

Blencowe ResourcesAnnouncement

10/09/2025 07:00

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RNS Number : 6829Y  Blencowe Resources PLC  10 September 2025

10 September 2025

 

BLENCOWE RESOURCES PLC

("Blencowe" or the "Company")

 

Corporate Presentation

 

Blencowe Resources Plc (LSE: BRES), advancing the large-scale, high-quality
Orom-Cross graphite project in Uganda, is pleased to release its latest
corporate presentation, offering a detailed update on the Project's
development and upcoming milestones.

 

Presentation Highlights:

·      Definitive Feasibility Study (DFS) near completion, targeted for
Q4 2025

·      PFS delivered post-tax NPV8 of US$482M and 49% IRR8 with
economics expected to be materially upgraded in the upcoming DFS

·      Strategic partnership with the US Development Finance Corporation
(DFC), which has provided US$5M non-dilutive grant funding for the DFS

·      Offtake agreements signed that cover the full Phase One
production.

·      Downstream value-add strategy to purify graphite to battery grade
within Uganda underway

·      Targeting first production by end-2026, with plans to scale up
from 10,000 tonnes to 175,000 tonnes production of concentrate

·      Strong ESG credentials, including 100% hydropower, net-zero mine
strategy, and EU-linked offtake via Project SAFELOOP

 

The full presentation is available on the Company's website:

https://blencoweresourcesplc.com/wp-content/uploads/2025/09/Blencowe-Presentation-Sept-2025.pdf
(https://blencoweresourcesplc.com/wp-content/uploads/2025/09/Blencowe-Presentation-Sept-2025.pdf)
 

 

Blencowe's CEO Mike Ralston commented:

"Orom-Cross is building strong momentum as we approach DFS completion. Ahead
of the study's conclusion, we expect the first in a series of assay results
from our recent successful infill drilling campaign, which will underpin a
material resource upgrade and considerably enhance project economics."

"Together with our strategic partnerships, our established infrastructure at
site and our strong ESG credentials, we are positioning Orom-Cross to enter
the financing phase as a significantly de-risked and globally competitive
graphite project."

 

 

For further information please contact:

 

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

 Sam Quinn (London Director)     info@blencoweresourcesplc.com

                                 +44 (0)1624 681 250

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

 Sasha Sethi                     sasha@flowcomms.com

                                 Tel: +44 (0)20 3192 1733 jonathan.evans@tavirasecurities.com

 Tavira Securities

 Jonathan Evans

 

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 has
already completed a successful Pre-Feasibility Study on the Project and is now
within the final stage of 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.

 

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