TIDMBRES

Blencowe Resources PLC

20 July 2021

20 July 2021

Blencowe Resources Plc

("Blencowe" or the "Company")

Invitation to Webinar

Blencowe Resources is pleased to invite investors to an investor webinar, hosted by Shares Magazine where CEO Mike Ralston will present Blencowe's plans to develop our potentially world-class Orom-Cross Graphite Project followed by an audience Q&A on Wednesday, Jul 21, 17:30 PM BST.

The webinar is open to all existing shareholders or potential investors.

To participate in this webinar, please register using the link:

https://register.gotowebinar.com/register/8965032300449864207

The webinar will not require your participation in the form of audio or video, however, you will have the opportunity to ask questions via an online chat window during the webinar.

Whilst a Stage 2 drilling programme with the objective of further upgrading the higher-grade Resource at Orom-Cross is currently underway, next steps are in-flight to begin moving through development studies into pre-Feasibility and ultimately full Feasibility study in order to fully assess the project economics for Orom-Cross.

Following successful metallurgical testwork where graphite concentrate grades consistently ranged between 97-98% TGC, Blencowe is now better positioned to advance discussions with strategic groups in the knowledge it can deliver a range of high grade end products.

Please find below a link to our latest presentation:

https://blencoweresourcesplc.com/wp-content/uploads/sites/23/2021/05/Blencowe-Presentation-May-2021.pdf

ENDS

For further information please contact:

 
 Blencowe Resources Plc         www.blencoweresourcesplc.com 
  Sam Quinn (London Director)    +44 (0)1624 681 250 
                                 info@blencoweresourcesplc.com 
 Investor Enquiries             Tel: +44 (0) 7891 677 
  Sasha Sethi                    441 
                                 sasha@flowcomms.com 
 Brandon Hill Capital Limited   Tel: +44 (0)20 3463 
  Jonathan Evans                 5000 jonathan.evans@brandonhillcapital.com 
 First Equity Limited           Tel: +44 (0)20 7330 
  Jason Robertson                1883 
                                 jasonrobertson@firstequitylimited.com

Background

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 is moving into the studies phase shortly as it drives towards first production.

Orom-Cross presents as a large, shallow open pitable deposit, with an estimated overall resource between 2-3 billion tonnes of graphite. 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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July 20, 2021 09:01 ET (13:01 GMT)

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