TIDMBRES

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 and can be found on the Company's website at 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 
 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 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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September 22, 2023 02:05 ET (06:05 GMT)

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