Blencowe Resources Plc · LSE:BRES

Blencowe Resources — Investor Presentation (November 2021)

18 slides from Blencowe Resources's investor presentation, November 2021

  1. Slide 1: Developing the Substantial Orom-Cross Graphite Project

    LSE: BRES #BRES DEVELOPING THE SUBSTANTIAL OROM-CROSS GRAPHITE PROJECT Highly leveraged into the rapidly growing Electric Vehicle market 1

  2. 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

  3. Slide 3: Company Overview

    COMPANY OVERVIEW BOARD OF DIRECTORS CORPORATE HIGHLIGHTS Ticker BRES.L Cameron Pearce Main Board London Stock Exchange/Standard Listing Chairman Market Cap @6p c. £9.3m Enterprise Value c. £7.0m Mike Ralston Warrants & Options 69.8m CEO Average Exercise Price = 7.5p Issued Share Capital 161.9m Alex

  4. Slide 4: Blencowe Value Proposition

    BLENCOWE VALUE PROPOSITION Orom-Cross Graphite Project Overview  Estimated 2.5Bn tonnes graphite within tenements  First 15 years’ Life of Mine drilled to JORC Standard  97.3% TGC concentrate / low impurities / high recoveries  Good mix of jumbo / large / small flakes sizes  21 year Mining Lice

  5. Slide 5: Key Milestones Over Past 18 Months

    KEY MILESTONES OVER PAST 18 MONTHS BLENCOWE HAS ALREADY ADDED CONSIDERABLE VALUE TO THE PROJECT  Acquired Orom-  Successful completion Cross Project and of metallurgical test raised £2m for work (SGS labs project Toronto) on end development product graphite as  Maiden JORC concentrate  Raised £2

  6. Slide 6: Forward Strategy and Anticipated Timelines

    FORWARD STRATEGY AND ANTICIPATED TIMELINES 2025 Commencement of mining and ramp up Development plant and infrastructure 2024 Decision to mine (full investment and plant) 2H 2023 Raise necessary funding Pilot plant commissioned, producing small quantum graphite on-site Early-2023 2H 2022 Commencement

  7. Slide 7: Preliminary Economic Assessment

    PRELIMINARY ECONOMIC ASSESSMENT COMMERCIAL STUDY SHOWS THE HUGE POTENTIAL WITHIN OROM-CROSS Key Performance PRODUCTION LIFE OF MINE EBITDA Indicators TONNAGE 13 years US$40M 75,000 tpa CAPITAL WEIGHTED AVERAGE OPERATING COST EXPENDITURE SELLING PRICE US$80M US$1,050/t US$498/t NET PRESENT IRR PAYBAC

  8. Slide 8: JORC Mineral Resource

    JORC MINERAL RESOURCE Less than 1% of Project drilled to date Mineral Resources Metallurgy Area Mt % Total Carbon Upgraded Recoveries Deposit Concentrate Northern Syncline Inferred 3.5 6.09 (%) (% TGC) Indicated 1.9 5.82 Northern Syncline Weathered sub-total 98.1% 80.9% 5.5 5.99 Lower grade Inferred

  9. Slide 9: Forecast Market Prices

    FORECAST MARKET PRICES Orom-Cross 4x End-Products as High Grade Concentrates Estimated % 2021 CIF China 2021 CIF China Mesh Size Concentrate (% TCG) 2025 CIF China End Product USD 94-95% TGC USD 97-98% TGC USD 97-98% TGC Jumbo +32 / +48 98.0% 13.7% 1,250 1,400 1,650 Large +80 97.7% 22.5% 850 1,000 1

  10. Slide 10: Orom-Cross End Product

    OROM-CROSS END PRODUCT Sales options Typical applications for different graphite flake sizes Orom-Cross to sell 65% End Product as Small/Medium flake concentrate and 35% as Jumbo/Large concentrate Jumbo/Large Medium Small (20 to 80 mesh) (80 to 150 mesh) (+150 mesh)  Gaskets and seals  Basic refra

  11. Slide 11: Macro Market Micro Market: Electric Vehicles

    ELECTRIC VEHICLES One of the fastest growing trends worldwide Nov 2021 Low Range Forecast High Range Forecast 15m 140m 20x Growth 600m 80x Growth Total EVs Today China Europe USA RoW Forecast EVs by 2030 7m 5m 2m 1m Source – Benchmark Minerals Intelligence 20-year demand-supply forecast (July 2019)

  12. Slide 12: Flake Graphite - Long Term Supply Forecast, 2015-2040

    FLAKE GRAPHITE - LONG TERM SUPPLY FORECAST, 2015-2040 We expect that market to remain in structural deficit requiring ongoing investment in new capacity Widening shortfall in supply and fast-growing demand Synthetic Supply for Anode use will likely cause a massive imbalance ahead Operational Supply

  13. Slide 13: ESG Compliant

    ESG COMPLIANT Environmental, Social & Governance responsibilities Blencowe takes its ESG responsibilities seriously and has policies in place and actions underway to maintain high ESG standards as it drives towards first production. Company wants to ensure that all stakeholders ultimately prosper fr

  14. Slide 14: Blencowe Resources Investment Case

    BLENCOWE RESOURCES Orom-Cross set to become a Top 10 Global, lowest- cost quartile graphite producer INVESTMENT CASE Outstanding economics for a multi-decade operation Located in a safe mining jurisdiction High quality concentrate with low impurities Significant potential to extend both production v

  15. Slide 15: Contact details

    Walton House +44(0)1624 681 250 25 Bilton Road, Rugby info@blencoweresourcesplc.com Warwickshire, CV22 7AG 15

  16. Slide 16: Appendix

    Appendix aT : f | } Wie aap hs : Was} EuAy aah 1D j { } Wav iig Gey i AN vp). i NM f DN AAP i y

  17. Slide 17: Graphite Growth in Li-ion Battery Megafactories

    GRAPHITE GROWTH IN Li-ion BATTERY MEGAFACTORIES Fully leveraged to EV growth BMI announced 200th Megafactory under commission or producing Forecast Demand for Flake Graphite to 2030 worldwide in March 2021 – each one requires substantial graphite (Million tonnes per annum) Total now ~250 Source – Be

  18. Slide 18: EVs - Shifting Global Strategy

    EVs - Shifting global strategy Almost every major vehicle manufacturer worldwide has an aggressive EV strategy for the next decade, which will result in considerably more EV sales and associated Li-ion battery sales. Natural flake graphite demand will rise in sync. 500k units in 2020, from 200k 1 mi

Blencowe Resources — Investor Presentation (November 2021) on 6ix