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
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
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:
Twitter https://twitter.com/BlencoweRes
LinkedIn 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.