Blencowe Resources Plc · LSE:BRES
Blencowe Resources — Investor Presentation (July 2022)
17 slides from Blencowe Resources's investor presentation, July 2022
Slide 1: Orom-Cross Graphite Project Investor Update
Orom-Cross Graphite Project Investor Update Pre-Feasibility Study: July 2022
Slide 2: Disclaimer
DISCLAIMER This presentation has been prepared by Blencowe Plc (“Blencowe”). This document contains background information about Blencowe current at the date of this presentation. The presentation is in summary form and does not purport to be all inclusive or complete. Recipients should conduct thei
Slide 3: Corporate Highlights: Company Overview
CORPORATE HIGHLIGHTS Blencowe: Company Ticker BRES.L Main Board London Stock Exchange/Standard Listing Overview Market Cap @4p £7.5M Emerging Portfolio of Battery Metals Projects Enterprise Value £6.5M Warrants & Options 82.9m • Developing the Tier 1 Orom-Cross graphite Average Exercise Price = 7.5p
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 15 Synthetic Supply for Anode use Widening shortfall in supply and fast-growing demand 14 will likely cause a massive imbalance ahead. 13 Operational Supply Pric
Slide 5: Use of 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 +48) Used in Thermal Sheets 3500 and lining Steel Foundries, Flame 3000 Retardants, Gaskets Tonnes Per Annum (000’s) and Se
Slide 6: Portfolio of Quality Battery Metals Projects
Portfolio of 2 Quality Battery Metals Projects Two Highly Synergistic Projects within just ~150kms of each other in northern Uganda Akelikongo Project Orom-Cross OROM-CROSS GRAPHITE PROJECT: Project • Substantial graphite deposit (2-3 billion tonnes) • Advanced – 21 year Mining Licence already award
Slide 7: Snapshot: Orom-Cross Graphite Project Economics
Snapshot: Orom-Cross Graphite Project Economics Pre-Feasibility Study Highlights Exceptional Returns US$482M 49% 14 Years Net Present Value (post-tax) IRR (post-tax) Initial Stage Life of Mine US$62M 101,000tpa US$100M Average Production of 97% Average EBITDA pa LOM Initial Capital Required Concentr
Slide 8: Orom-Cross: Staged Production Profile
Orom-Cross: Staged Production Profile First Production 2023-Ramping Up to 147,000tpa end product over Life of Mine Stage P (pilot) Production of ~1,500tpa end product from 2H 2023 : Pre-Qualification of all products into end-users Main Plant Stage 1 – Build 2024 / Commission 2025 * Plant capacity -
Slide 9: Forecast Market Prices
Forecast Market Prices Orom-Cross will sell 4x End-Products as High Grade Concentrates Pre-Feasibility Study (2022) Current 2022 Forecast 2025 Concentrate % Sales Prices Sales Prices Mesh Size (% LOI) End Product USD USD 96-97% LOI 96-97% LOI Jumbo +32 / +50 98.0% 13.7% 2,600 2,904 Large +80 97.7% 2
Slide 10: Advancing Orom-Cross to Production
Advancing Orom-Cross to Production Forward Strategy and Anticipated Timelines Revised JORC Resource Decision to mine upgrade delivered Commencement Definitive (Stage 1 main plant Commencement of Feasibility Study including investment) Stage 1 mining and ramp Final metallurgical test Stage ‘P’ pl
Slide 11: Life Cycle Sustainability
Life Cycle Sustainability Blencowe focussed on ESG credentials at Orom-Cross ENVIRONMENTAL: • Focus on renewable energy options to drive all operations: 100% grid energy for processing plant will be generated from Isimba hydro- power station ~150kms from site Solar energy powering camp Electri
Slide 12: Orom-Cross Value Proposition
Orom-Cross Value Proposition Exposure to High Quality Graphite Project 2-3 billion tonnes of graphite; only ~1% 01 drilled to date for initial 14 years life of mine 06 Low capital cost to start-up production Ability to ramp-up production fast Moving to first production of 02 to meet growing anticipa
Slide 13: Additional Battery Metals Project: Akelikongo Nickel Exploration
Additional Battery Metals Project Akelikongo Nickel Exploration • US$15M spent to date by Sipa & Rio Tinto JV on regional nickel exploration, identifying several strong structures, geochemistry and anomalies • Plus 19,000m of drilling to date (regional) • Standout – basal ultramafic unit containing
Slide 14: Appendix
Low capital cost to start-up production Moving to first production of graphite from 2023 Appendix Ability to ramp up production fast to meet high anticipated demand Safe location for long term project delivery; low royalties and taxes Experienced management team to execute
Slide 15: Revised JORC Standard Mineral Resource
Revised JORC Standard Mineral Resource Updated: April 2022 - Less than 1% 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 Indic
Slide 16: Forward Strategy and Anticipated Timelines – Nickel
Forward Strategy and Anticipated Timelines – Nickel Desktop review all Plan drill program existing data from targets Plan work program 2022 1Q 2022 2H-2022 Mid-2022 1H 2023 Airborne EM (electromagnetic) program Execute drill program to to identify drill targets extend nickel sulphide Assess al
Slide 17: 1 King St London EC2V 8AU UK
1 King St +44(0)1624 681 250 London EC2V 8AU info@blencoweresourcesplc.com UK
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