Blencowe Resources PLC Investor Evening
May 06 2022 - 9:09AM
RNS Non-Regulatory
TIDMBRES
Blencowe Resources PLC
06 May 2022
Date: 6 May 2022
Blencowe Resources Plc
("Blencowe" or the "Company")
Investor Evening - Thursday 12 May 2022
Blencowe Resources would be pleased to welcome current
shareholders and potential investors to an Investor Evening on
Thursday 12 May 2022 in the City of London.
The event will take place from 6pm for a 6:30pm start in The
Partner Room at The Counting House, 50 Cornhill, EC3V 3PD - this is
close to Bank station.
Following their return from in-country visits to Uganda, the
Company will provide a short presentation followed by opportunities
for Investor / Management Q&A and networking.
Hospitality will be provided - to help the Company plan for
numbers, it would be appreciated if interested attendees could
please RSVP using the following link:
https://tinyurl.com/35drrxms
Alternatively, RSVPs and other queries can be directed to
info@blencoweresourcesplc.com
Executive Chairman Cameron Pearce commented:
"Until recently, opportunities to meet with our UK based
investors have been limited and our management team look forward to
being able to meet with investors both at this event and in a short
non-deal roadshow on our way back from overdue site in-country
visits. We have recently released a series of positive operational
updates and progress on the project is gathering pace quickly; at
this event we look forward to updating shareholders in person on
progress to date on both our projects."
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 Securities Tel: +44 (0)20 7100 5100
Jonathan Evans jonathan.evans@tavirasecurities.com
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 and
Blencowe is moving through the Feasibility Study phase as it drives
towards first production targeted for 2023.
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.
Akelikongo Nickel Project
Akelikongo is a highly prospective nickel sulphide exploration
project that has previously had considerable work completed by Rio
Tinto and Sipa to establish three mineralised lenses to date. It
represents an opportunity for Blencowe to add further value through
a targeted work programme that will seek to delineate higher grade
and thicker intercepts of nickel.
Nickel sulphide deposits are rare and valuable and the prospect
of further exploration success gives Blencowe suitable incentive to
develop this asset under a structured earn-in agreement, whereby
100% of the asset can ultimately be acquired for US$1.5m, 100%
payable in shares.
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