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Blencowe Resources (BRES)

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Wednesday 19 May, 2021

Blencowe Resources

Updated Corporate Presentation

RNS Number : 1612Z
Blencowe Resources PLC
19 May 2021
 

Date: 19th May 2021    Blencowe Resources Plc  

("Blencowe" or the "Company")

 

 

Updated Corporate Presentation

 

Blencowe Resources Plc ("Blencowe Resources" or the "Company") (LSE: BRES), the natural resources company focussed on the development of the 100% owned Orom-Cross Graphite Project in Uganda, is pleased to advise an updated corporate presentation has been uploaded to the Company's website and can be found here:

https://blencoweresourcesplc.com/presentation/

The presentation provides information on the recent maiden JORC resource, current ongoing and fully funded work programs and a broader overview of the increasingly buoyant graphite market, driven by the continued expansion of the EV market.

 

 

For further information please contact:

 

  Blencowe Resources Plc

Sam Quinn

 

 

Investor Relations

Sasha Sethi

 

www.blencoweresourcesplc.com

Tel: +44 (0)1624 681 250

[email protected]

 

Tel: +44 (0)7891  677 441

[email protected]

 

Brandon Hill Capital Limited

Jonathan Evans

Tel: +44 (0)20 3463 5000

[email protected]

 

  First Equity Limited     Tel: +44(0)20 7330 1883

 Jason Robertson    [email protected]

 

 

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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