Blencowe Resources Plc · LSE:BRES
Blencowe Resources — Investor Presentation (September 2023)
19 slides from Blencowe Resources's investor presentation, Sep 22, 2023
Slide 1: Orom-Cross Graphite Project: DFC Partners with Blencowe
Orom-Cross Graphite Project US Development Finance Corporation Partners with Blencowe to provide Project Funding Solution 1
Slide 2: Emerging Tier One Graphite Project
LSE:BRES EMERGING TIER ONE GRAPHITE PROJECT MOVING OROM-CROSS TO PRODUCTION-READY IN ANTICIPATION OF SURGING GRAPHITE DEMAND FOR BATTERIES Estimated deposit 2-3 billion tonnes near-to-surface. 21 year Mining License awarded in 2019 and all Initial JORC Resource 24.5Mt @ 6.0% environmental and other
Slide 3: Corporate Overview
CORPORATE OVERVIEW 10% RAB Capital 9% Board & Management £0.05p £10.5M 9.5% Jangada Mines Share price Market cap 63.3% 8.2% Jub Capital Free float 99M 210M Warrants & Options Issued Share Capital VWAP = 7.75p BOARD & MANAGEMENT WITH RESOURCE DEVELOPMENT EXPERIENCE BOARD MANAGEMENT Chris Whiteley SAL
Slide 4: Structural Deficit Forecast for Flake Graphite from 2025 Onwards
STRUCTURAL DEFICIT FORECAST FOR FLAKE GRAPHITE FROM 2025 ONWARDS Demand for Graphite to Substantially Outstrip Supply over the Next Decade “ Millions TPA Graphite Demand 100 new graphite mining operations required within the next decade to meet surging anticipated demand. Timing for likely first ful
Slide 5: Use of Graphite and Forecast Demand for Flake Graphite
USE OF GRAPHITE Over 150 Different Applications for Flake Graphite depending on the Mesh Size and Quality FORECAST DEMAND FOR FLAKE GRAPHITE Coarse Flake 4000 (mesh size +32 to +50) FORECAST DEMAND 3500 Used in Thermal Sheets and lining Steel Foundries, Flame Retardants, 3000 Gaskets and Seals & Ton
Slide 6: Snapshot: PFS (2022) Project Economics
SNAPSHOT: PFS (2022) Project Economics US$482M 49% 14 Years Net Present Value8 Initial Stage Life of Mine IRR8 (post-tax) (from ~2% of deposit (post-tax) drilled to date) Orom-Cross Project 101,000tpa US$100M US$62M Average Production of 97% Average EBITDA pa LOM Initial Capital Required Concentrate
Slide 7: Strategic Partner: Project Funding Solution
STRATEGIC PARTNER : Project Funding Solution DFS Co-Funding US$5.0M Technical Assistance Grant DEVELOPMENT FINANCE CORPORATION (DFC) • Blencowe has entered a partnership with DFC to provide overall funding solutions for Orom-Cross, including co-funding DFS now and full project funding ahead. Full Or
Slide 8: Strategic Partner: Enlarged Production Strategy (DFS)
STRATEGIC PARTNER : Enlarged Production Strategy (DFS) DFC SUPPORT WILL PROVIDE FURTHER FUNDING TO ENHANCE PROJECT DELIVERABLES Further Orom-Cross drilling to Extends the Orom-Cross mine life increase JORC Resource Allows for greater production volumes Lift start-up production volume from Incr
Slide 9: Downstream Value-Adding & Differentiation
DOWNSTREAM VALUE-ADDING & DIFFERENTIATION Producing 99.95% uncoated battery-ready SPG (spheronised, purified graphite) product in-country Coarse Flake Products On-site processing to Sale of concentrate Mining 6% graphite internationally 96-97% concentrate Fines Product ~$700/t price for fines concen
Slide 10: Orom-Cross: Production Profile Across 2 Sites
OROM-CROSS: PRODUCTION PROFILE ACROSS 2 SITES Orom-Cross plant producing 96-97% concentrate Orom-Cross SPG plant producing uncoated 99.95% battery-ready product Phase 1 (Year 1) 1.6Mtpa plant delivers Phase 2 (Year 1/2) 100,000tpa concentrate SPG Plant delivers 50,000tpa 2027 uncoated 99.95% SPG 202
Slide 11: Orom-Cross Definitive Feasibility Study
OROM-CROSS DEFINITIVE FEASIBILITY STUDY THREE-STAGED APPROACH TO DELIVER HIGHEST VALUE STUDY, MOST COST-EFFECTIVELY Lower cost DFS to commence Stage 1 (Underway): 10 year mine life but quicker output of more • Follows PFS inputs but larger O-C plant tonnes end-product improves results • Lift sta
Slide 12: Qualification of End Products – 2023/4 (DFS)
QUALIFICATION OF END PRODUCTS – 2023/4 (DFS) Metallurgical Testing to complete Product Qualification through to OEMs Bulk Sample Testing / China 100 tonnes raw material from site shipped to China for bulk testing in pilot facility Further 500 tonnes to be sent to China during DFS for bulk testing in
Slide 13: Forecast Market Prices
FORECAST MARKET PRICES Blencowe will sell End Products as High Grade Concentrates or Battery-ready uncoated SPG Current 2023 Forecast 2026 Concentrate % Sales Prices Sales Prices Mesh Size (% LOI) End Product USD USD 97% LOI 97% LOI Jumbo +32 98.0% 1.5% 3,200 3,350/t X-Large +50 98.1% 12.2% 2,570 2,
Slide 14: Sustainability
SUSTAINABILITY Orom-Cross set to become an ESG leader Isimba is a 183 MW Hydroelectric Power Station commissioned in 2019, providing green energy to the national grid Delivering ENVIROMENTAL SOCIAL Green Graphite * All energy from hydro- * Community Agreement power off national grid signed, returnin
Slide 15: Advancing Orom-Cross to Production
ADVANCING OROM-CROSS TO PRODUCTION Forward Strategy and Anticipated Key Milestones Update and upgrade of • Completion DFS & • Commencement of Stage JORC Resource delivered Commencement Definitive decision to mine (Stage 1 1 mining and ramp up Final metallurgical test Feasibility Study main pla
Slide 16: Appendix
BLENCOWE cm RESOURCES
Slide 17: Definitive Feasibility Study
DEFINITIVE FEASIBILITY STUDY OROM-CROSS GRAPHITE PROJECT: • Detailed analysis of all strategy and revenue generation plus operational and capital costs associated with Project • Industry leader CPC Engineering (Australia) to manage and sign off on DFS to ensure all data within DFS is accurate and th
Slide 18: Revised JORC Standard Mineral Resource
REVISED JORC STANDARD MINERAL RESOURCE Updated: April 2022 – with ~2% of Orom-Cross Project drilled to date Mineral Metallurgy Resources Upgraded Recoveries Area Mt % Total Carbon Deposit Concentrate (%) (% LOI) Northern Inferred 10.6 5.78 Northern Syncline Syncline 98.1% 80.9% Lower grade Indicated
Slide 19: 167-169 Great Portland Street, Fifth Floor London, W1W 5PF
+44(0)1624 681 250 167-169 Great Portland info@blencoweresourcesplc.com Street, Fifth Floor London, W1W 5PF 19
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