REG - Blencowe Resources - Corporate Presentation Updated

Blencowe ResourcesAnnouncement

03/06/2024 07:00

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RNS Number : 7487Q  Blencowe Resources PLC  03 June 2024

03 June 2024

BLENCOWE RESOURCES PLC

("Blencowe" or the "Company")

Corporate Presentation Updated

 

Blencowe Resources (BRES: LON) wishes to advise it has updated its corporate
presentation which can be found on the Company's website
(www.blencoweresourcesplc.com (http://www.blencoweresourcesplc.com) ).

The corporate presentation provides and up to date overview of the Company,
its assets and strategy. The Company will be updating its presentation
regularly in the forthcoming months and will notify interested parties upon
each material update.

A direct link to the presentation:
https://blencoweresourcesplc.com/presentation/
(https://blencoweresourcesplc.com/presentation/)

 

For further information please contact:

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

 Sam Quinn (London Director)     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
 Tavira Financial                Tel: +44 (0)20 7100 5100

 Jonathan Evans                  jonathan.evans@tavira.group

 

Twitter https://twitter.com/BlencoweRes
(https://twitter.com/BlencoweRes?s=20)

LinkedIn https://www.linkedin.com/company/blencowe-resources/
(https://www.linkedin.com/company/blencowe-resources/)

 

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 completing the  Definitive Feasibility Study prior to commencing
production of graphite concentrate.

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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