Blencowe Resources Plc · LSE:BRES
Blencowe Resources — Investor Presentation (October 2022)
17 slides from Blencowe Resources's investor presentation, October 2022
Slide 1: Orom-Cross Graphite Project Investor Update
Orom-Cross Graphite Project Investor Update Commencement of Definitive-Feasibility Study: October 2022 1
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: Blencowe: 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 Average Exercise Price = 7.5p • Developing the Tier 1 Orom-Cross graphite
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: Orom-Cross: Next Large Scale Graphite Producer
Orom-Cross: Next Large Scale Graphite Producer OROM-CROSS GRAPHITE PROJECT: Orom-Cross Project • Substantial graphite deposit (estimated 2-3 billion tonnes) • Advanced – 21 year Mining License already awarded • All environmental, social and other approvals in place • Updated JORC Resource – 24.5Mt a
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 Value8 Initial Stage Life of Mine IRR8 (post-tax) (from ~2% of deposit drilled to date) (post-tax) US$62M 101,000tpa US$100M Average Production of 97% Average EBITDA
Slide 8: Orom-Cross: Three-Staged Production Profile
Orom-Cross: Three-Staged Production Profile First Production targeted 2025 - Ramping up to 147,000tpa over Life of Mine Stage 1 – Build 2024 / Commission 2025 Capex = US$62M Plant capacity - 800,000tpa Debt (60%) – US$37M Equity (40%) – US$25M End product volume – starts 36,000tpa and ramps up to 50
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/t Large +80 97.7%
Slide 10: Advancing Orom-Cross to Production
Advancing Orom-Cross to Production Forward Strategy and Anticipated Timelines Revised JORC Resource Completion DFS & upgrade delivered Commencement decision to mine Commencement of Definitive Feasibility (Stage 1 main plant Stage 1 mining and ramp Final metallurgical test Study up thereafter r
Slide 11: Definitive Feasibility Study
Definitive Feasibility Study OROM-CROSS GRAPHITE PROJECT: • Detailed analysis of all strategy, operational and capital costs associated with project • Decision on building pilot plant to be delayed until mid-2023 - engagement with offtake partners will ultimately determine requirement • Third party
Slide 12: Qualification of End Products – 2023 (DFS)
Qualification of End Products – 2023 (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 ~6 tonnes 96% concentrate delivered for further test work SPG / Expanda
Slide 13: 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 options Electric dryi
Slide 14: 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 Locking in both Offtake and Funding 02 to meet growing an
Slide 15: 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 15
Slide 16: 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 17: Contact
1 King St +44(0)1624 681 250 London EC2V 8AU info@blencoweresourcesplc.com UK 17
Blencowe Resources — Investor Presentation (October 2022) on 6ix