Business
Corporate Presentation
Corporate Presentation.
About this update from Blencowe Resources Plc
[{"type":"text","content":"\n\nDate: 22 September 2023 \n \nBlencowe Resources Plc\n(\"Blencowe\" or the \"Company\")\n \nCorporate Presentation\nBlencowe Resources is pleased to announce the release of an updated presentation following the completion of the DFC grant.\nThe presentation can be viewed here and can be found on the Company's website at https://blencoweresourcesplc.com/presentation/\nFor further information please contact:\n \n\n\n\n\n \n Blencowe Resources Plc\nSam Quinn\n\n\n \nwww.blencoweresourcesplc.com\nTel: +44 (0)1624 681 250\[email protected]\n \n\n\n\n\nInvestor Relations\nSasha Sethi\n\n\nTel: +44 (0) 7891 677 441\[email protected]\n \n\n\n\n\nTavira Financial\nJonathan Evans\n\n\nTel: +44 (0)20 3192 1733\[email protected]\n \n\n\n\n\nFirst Equity Limited\nJason Robertson\n\n\nTel: +44(0)20 7330 1833\[email protected]\n \n\n\n\n\nTwitter https://twitter.com/BlencoweRes\nLinkedIn https://www.linkedin.com/company/72382491/admin/\n \n\n \n\n \nBackground\nOrom-Cross Graphite Project\nOrom-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.\nA 21-year Mining Licence for the project was issued by the Ugandan Government in 2019 following extensive historical work on the deposit. Blencowe completed a successful Pre-Feasibility Study on the Project in July 2022 and is now within the Definitive Feasibility Study phase as it drives towards first production.\nOrom-Cross presents as a large, shallow open-pitable deposit, with an initial JORC Indicated & Inferred Mineral Resource of 24.5Mt @ 6.0% TGC (Total Graphite Content). This Resource has been defined from only ~2% of the total tenement area which presents considerable upside potential ahead. Development of the resource is expected to benefit from a low strip ratio and free dig operations together with abundant inexpensive hydro-electric power off the national grid, thereby ensuring low operating costs. With all major infrastructure avail...