Blencowe Resources PLC Webinar Call
December 08 2021 - 3:27AM
RNS Non-Regulatory
TIDMBRES
Blencowe Resources PLC
08 December 2021
8 December 2021
BLENCOWE RESOURCES PLC
("Blencowe" or the "Company")
Investor Webinar Call
Blencowe Resources (BRES:LON), the graphite explorer developing
the Orom-Cross jumbo flake graphite project in Uganda, is pleased
to announce that it will host a shareholder conference call and
Q&A via Zoom conferencing on Monday 13 December 2021 at 12:00
noon UK time (8:00 p.m. WST time).
The call will be hosted by Blencowe's CEO Mike Ralston who will
update on the Company's recently announced Preliminary Economic
Assessment as well as discussing Blencowe's 2022 work
programme.
Interested investors are invited to register using the following
link:
https://us02web.zoom.us/webinar/register/WN_0QMoNsT3TpmS1B3SouwqeA
Shareholders who wish to do so are invited to submit questions
via email to info@blencoweresourcesplc.com
The most recent copy of the Company's corporate presentation can
be found at the following link:
https://blencoweresourcesplc.com/presentation/
Please note that until the Q&A session has begun that all
participants will initially be muted without audio with the
exception of Company management. A recording of the call will also
be made available on the Company's website following the call.
**ENDS**
Contacts
Blencowe Resources Plc www.blencoweresourcesplc.com
Sam Quinn (London Director) info@blencoweresourcesplc.com
+44 (0)1624 681 250
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
Notes
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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