Research Note

RNS Number : 6546R

Blencowe Resources PLC

02 March 2023

 

02 March 2023

BLENCOWE RESOURCES PLC

("Blencowe" or the "Company")

Research Note on Orom-Cross Graphite Project

Blencowe Resources Plc (LSE: BRES) is pleased to note the publication of a new research Initiation report by Resolve Research Limited ("Resolve") on the Company's Orom-Cross graphite project, located in Uganda.

The Resolve note, titled " Blencowe Resources - Walking with Elephants" states that "Orom-Cross is fast becoming a Tier 1 project at an inflection point for graphite demand" and applies a "highly conservative discounted cash flow analysis using a 12% discount rate" to its valuation model.

The report (compiled using publicly available information) and which applies a 23p target price with a "Strong Buy stance" is available on the Company's website at the following link:

https://blencoweresourcesplc.com/wp-content/uploads/2023/03/Blencowe-Resources-Initiation-Report.pdf

For further information please contact:

Blencowe Resources Plc Sam Quinn	www.blencoweresourcesplc.com [e-mail] [phone]
Investor Enquiries Sasha Sethi	Tel: [phone] [e-mail]
Tavira Securities Jonathan Evans	Tel: [phone] [e-mail]
First Equity Limited Jason Robertson	Tel: [phone] [e-mail]

 

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