Block Listing Application Update

RNS Number : 7857G

Blencowe Resources PLC

27 November 2020

 

Date: 27 November 2020   

Blencowe Resources Plc

           ("Blencowe" or the "Company")

Block Listing Application Update  

The admission of the Block Listing Shares will become effective from 8.00 am on 2 December 2020 rather than 1 December 2020 as indicated in the RNS dated 25 November 2020. Following the admission, the exercise of equity warrants will be covered by a block listing. The Company will provide updates regarding the total number of shares in issue and the number of warrants outstanding at the end of each six month period and at such other times as required by the Listing Rules.

For further information please contact:

Blencowe Resources Plc Sam Quinn (London Director)	www.blencoweresourcesplc.com Tel: [phone] [e-mail]
Brandon Hill Capital Limited Jonathan Evans (Corporate Finance)	Tel: [phone] [e-mail]

  Background

Orom-Cross is a potential world class graphite project both by size and end-product quality, with a high component of larger flakes identified from previous work performed. A 21-year Mining Licence was issued by the Ugandan Government in 2019 following extensive historical work on the deposit.

Orom-Cross presents as a large, shallow open pitable deposit, with an estimated resource in excess of 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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