Blencowe Resources PLC Corporate Presentation
October 04 2021 - 2:00AM
RNS Non-Regulatory
TIDMBRES
Blencowe Resources PLC
04 October 2021
4 October 2021
Blencowe Resources Plc
("Blencowe" or the "Company")
Corporate Presentation
Blencowe Resources (LSE:BRES) is pleased to announce a new
Corporate Presentation has been uploaded on the 'Investors' section
of the Company's website ( www.blencoweresourcesplc.com ),
incorporating information on the recently announced and highly
positive Preliminary Economic Assessment.
For further information please contact:
Blencowe Resources Plc
Sam Quinn www.blencoweresourcesplc.com
Investor Relations Tel: +44 (0)1624 681 250
Sasha Sethi info@blencoweresourcesplc.com
Tel: +44 (0)7891 677 441
sasha@flowscomm.com
Brandon Hill Capital Limited Tel: +44 (0)20 3463 5000
Jonathan Evans jonathan.evans@brandonhillcapital.com
First Equity Limited Tel: +44(0)20 7330 1883
Jason Robertson jasonrobertson@firstequitylimited.com
Twitter https://twitter.com/BlencoweRes
LinkedIn https://www.linkedin.com/company/72382491/admin/
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 following
delivery of exceptional metallurgy test results (July 2021 and an
outstanding Preliminary Economic Assessment (September 2021)
Blencowe is moving into the Pre-Feasibility Study (PFS) stage as it
drives towards first production.
Orom-Cross is a large, shallow open pitable deposit, with an
estimated overall resource between 2-3 billion tonnes of graphite
with 16.3Mt already drilled to JORC Resource standard, covering an
initial 13-year life of mine. Development of the resource is
expected to benefit from a low strip ratio and free dig operations
thereby ensuring lower operating and capital costs.
Blencowe's Preliminary Economic Assessment (PEA) for Orom-Cross
presents the project as low-cost with robust financials and the
Company is confident that Project economics can improve further,
notably by extending the life of mine and/or increasing the levels
of production. The September 2021 PEA delivered an NPV8 of US$317M
and IRR 49% with an average nameplate production of 75,000tpa
graphite sold as concentrate, with ability to extend this after
further drilling.
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END
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