REG - Blencowe Resources - Corporate Presentation

Blencowe ResourcesAnnouncement

22/09/2023 07:15

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RNS Number : 3508N  Blencowe Resources PLC  22 September 2023

Date: 22 September
2023

 

Blencowe Resources Plc

("Blencowe" or the "Company")

 

Corporate Presentation

Blencowe Resources is pleased to announce the release of an updated
presentation following the completion of the DFC grant.

The presentation can be viewed here
(http://www.rns-pdf.londonstockexchange.com/rns/3508N_1-2023-9-22.pdf) and can
be found on the Company's website at
https://blencoweresourcesplc.com/presentation/
(https://blencoweresourcesplc.com/presentation/)

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)

 First Equity Limited        Tel: +44(0)20 7330 1833

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

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.

 

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