TIDMBRES

RNS Number : 1949K

Blencowe Resources PLC

23 August 2023

23 August 2023

Blencowe Resources

Holdings - Spreadex Ltd

Blencowe Resources Plc ("Blencowe" or the "Company"), is pleased to advise that it was notified on 21 August 2023 that Spreadex Ltd have notified that they no longer have a notifiable interest in the Company.

**Ends**

For further information please contact:

 
 
   Blencowe Resources Plc     www.blencoweresourcesplc.com 
   Sam Quinn                  Tel: +44 (0)1624 681 250 
                              info@blencoweresourcesplc.com 
 Investor Relations         Tel: +44 (0) 7891 677 441 
  Sasha Sethi                sasha@flowcomms.com 
 Tavira Financial           Tel: +44 (0)20 3192 1733 
  Jonathan Evans             jonathan.evans@tavira.group 
 First Equity Limited       Tel: +44(0)20 7330 1833 
  Jason Robertson            jasonrobertson@firstequitylimited.com

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 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 and Blencowe has moved into the Definitive Feasibility Study phase as it drives towards first production.

Orom-Cross presents as a large, shallow open-pitable deposit, with a maiden JORC Indicated & Inferred Mineral Resource deposit of 24.5Mt @ 6.0% Total Graphite Content. Development of the resource is expected to benefit from a low strip ratio and free dig operations, thereby ensuring lower operating and capital costs.

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END

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August 23, 2023 02:16 ET (06:16 GMT)

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