Blencowe Resources PLC Final Metallurgical Test Work Results (7708N)
June 06 2022 - 2:00AM
UK Regulatory
TIDMBRES
RNS Number : 7708N
Blencowe Resources PLC
06 June 2022
Date: 06 June 2022
Blencowe Resources Plc
("Blencowe" or the "Company")
Blencowe Continues to Deliver Exceptional Results from
Metallurgical Test Work for Orom-Cross Graphite Project
Highlights
-- Final Stage 5 metallurgical test results underline a high
quality end-product as concentrate from Orom-Cross Graphite Project
in Uganda.
-- Composite mix from both deposits delivers a 96-97% LOI
concentrate, with battery sales entry level at 94% LOI.
-- Specific attributes highlight Orom-Cross concentrate as particularly desirable to end-users.
-- Technical Data Sheets (TDS) for all products have been sent
to prospective end-users to gauge their interest.
Blencowe Resources ("Blencowe" or the "Company") (LSE: BRES) is
pleased to announce that recently completed studies on the
metallurgical characterisation of Orom-Cross flake graphite
concentrate provided very impressive results that will generate
significant interest in the ASTM flake graphite grades planned for
production from 2023 onwards. The Orom-Cross Graphite Project
located in Uganda, Africa, has a unique ore body composition with
specific element content that is unequal to other graphite
projects. Key results from the lab work are:
-- Uniform Mesh Size Distribution with 50% as higher value +100 Mesh to +50 Mesh Fractions
-- Sulphur Content < 0.1% across all Mesh Size Fractions
-- Tap Density > 0.73 g/cm(3) - Suitable Precursor for Advanced Micronisation / SPG Processing
-- Halogen Content - Suitable to meet Advanced Foil
Specifications & EBC Nuclear Grade Graphite Product
requirements
-- pH Values Indicate Neutral - Alkaline; Suitable for
Expandable Graphite to meet Fire Retardant Specifications
-- Low Levels of Fe, Ca, Na, and Mg Content; Ideal for Cathode
or SPG Conductive additives for Battery & Electrochemistry
Applications
-- Lower Cost to Purify to 99.95% LOI as a Result of lower
specific elements; Fe, Si, Na, Ca, Mg.
Over the coming months, additional post processing work for new
potential applications for Orom-Cross Graphite Products will be
completed. This work will support the progressive sales and
marketing strategy focusing on both traditional and advanced
graphite applications including both Primary and Secondary Battery
Markets where is it expected the demand ahead for qualified
graphite products will continue to expand and grow.
Cameron Pearce, Executive Chairman commented:
"The specific attributes highlighted above continue to underline
the potential for Orom-Cross to deliver some of the highest quality
graphite concentrate into world markets ahead as we transition to
first production from 2023. End users are very discerning as to the
quality of product they are seeking, hence these results are
particularly encouraging in that our product can meet their high
expectations, and thus provide our Project with a strong base of
customers to sell into as we start selling graphite from next
year.
Orom-Cross is shaping up to become a world class graphite
project in all respects; with considerable size and scale to expand
as necessary to meet anticipated strong future demand, high quality
concentrate as evidenced above to sell our products into various
markets, low operations costs due to low strip ratio and other key
advantages, and a good mix of flake sizes that guarantees a high
overall weighted average selling price. We look forward to sharing
these parameters with the market via our Pre-Feasibility Study
which is due for completion shortly."
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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