Blencowe Resources Plc · LSE:BRES
Blencowe Resources — Investor Presentation (April 2022)
21 slides from Blencowe Resources's investor presentation, Apr 11, 2022
Slide 1: Building a Portfolio of Sustainable 'Green' Battery Metals Projects
LSE: BRES #BRES BUILDING A PORTFOLIO OF SUSTAINABLE ‘GREEN’ BATTERY METALS PROJECTS Highly Leveraged to Deliver Renewable Energy Source Materials into the Rapidly Growing Electric Vehicle market 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
BLENCOWE - COMPANY OVERVIEW BOARD OF DIRECTORS CORPORATE HIGHLIGHTS Ticker BRES.L Cameron Pearce Main Board London Stock Exchange/Standard Listing Chairman Market Cap @5p c. £9.0m Enterprise Value c. £7.2m Mike Ralston Warrants & Options 82.9m CEO Average Exercise Price = 7.5p Issued Share Capital 1
Slide 4: Emerging Portfolio of Key Battery Metals Projects
EMERGING PORTFOLIO OF KEY BATTERY METALS PROJECTS Two Highly Synergistic Projects within just ~150kms of each other in northern Uganda OROM-CROSS GRAPHITE: Substantial graphite deposit (2-3 billion tonnes) Akelikongo Advanced – 21 year mining license already awarded Nickel Project Revised JORC
Slide 5: Life Cycle Sustainability
LIFE CYCLE SUSTAINABILITY Focus going well beyond the ESG norm to deliver Sustainable Green Graphite Products from Operations ENVIRONMENTAL: Focus on renewable energy options to drive all operations: o 100% grid energy for processing plant will be generated from Isimba hydro-power station ~150kms
Slide 6: Life Cycle Sustainability - Community Development and Participation
LIFE CYCLE SUSTAINABILITY Community Development and Participation SOCIAL DEVELOPMENT: Building an operation in close co-operation with local population and with their involvement Social awareness programs Community Development Agreement in place to return value to the local participants: US$
Slide 7: Value Proposition - Orom-Cross Graphite Project Overview
VALUE PROPOSITION Orom-Cross Graphite Project Overview Estimated 2.5Bn tonnes graphite within tenements First 15 years’ Life of Mine drilled to JORC Standard; no further drilling required 97.3% TGC concentrate / low impurities / high recoveries Good mix of jumbo & large (35%) / medium & smal
Slide 8: Key Milestones Over Past 24 Months
KEY MILESTONES OVER PAST 24 MONTHS BLENCOWE HAS ALREADY ADDED CONSIDERABLE VALUE TO OROM-CROSS GRAPHITE 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 through
Slide 9: Forward Strategy and Anticipated Timelines - Graphite
FORWARD STRATEGY AND ANTICIPATED TIMELINES - GRAPHITE 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 Mid-2023 2H 2022 Com
Slide 10: Revised JORC Mineral Resource
REVISED JORC MINERAL RESOURCE Updated: April 2022 - Less than 1% of Orom-Cross Project drilled to date Mineral Resources Metallurgy Area Mt % Total Carbon Upgraded Recoveries Deposit Concentrate (%) (% TGC) Northern Syncline Inferred 10.6 5.78 Northern Syncline 98.1% 80.9% Indicated 10.4 5.85 Lower
Slide 11: Forecast Market Prices
FORECAST MARKET PRICES Orom-Cross will produce 4x End-Products as High Grade Concentrates Preliminary Economic Assessment (2021) Current 2021 CIF 2021 CIF Estimated Concentrate (% % China China 2022 Prices Mesh Size 2025 CIF China TCG) End Product USD 94-95% USD 96-97% USD 96-97% TGC USD 96-97% TGC
Slide 12: Advancing Orom-Cross from PEA (2021) to PFS (2022)
ADVANCING OROM-CROSS FROM PEA (2021) TO PFS (2022) Changing Focus to Lower Risk Start-up with Ability to Expand Fast Thereafter Key Performance Indicators Preliminary Economic Assessment Pre-Feasibility Study LIFE OF MINE 13 years 15-20 years ANNUAL PRODUCTION 75,000tpa (average) 25,000tpa – 100,000
Slide 13: Orom-Cross End Products
OROM-CROSS END PRODUCTS 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 refr
Slide 14: Macro Market Micro Market - Electric Vehicles
ELECTRIC VEHICLES One of the fastest growing trends worldwide Dec 2021 Low Range Forecast High Range Forecast 15m 100m 6x Growth 400m 25x Growth Total EVs Today China Europe USA RoW Forecast EVs by 2030 7m 5m 2m 1m Currently 282 Megafactories under construction or operating worldwide Source – Benchm
Slide 15: 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
Slide 16: Value Proposition - Akelikongo Nickel Project Overview
VALUE PROPOSITION Akelikongo Nickel Project Overview 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 disseminate
Slide 17: Cross Section of Shallow (0-60m) Mineralised Zone
CROSS SECTION OF SHALLOW (0-60m) MINERALISED ZONE 17
Slide 18: Deeper (300m) Mineralised Zone
DEEPER (300m) MINERALISED ZONE 18
Slide 19: Forward Strategy and Anticipated Timelines - Nickel
FORWARD STRATEGY AND ANTICIPATED TIMELINES – NICKEL Execute drill program to extend nickel sulphide mineralised zone 2H-2022 Mid-2022 Plan drill program from targets Airborne EM (electromagnetic) program to identify drill targets 2Q 2022 Downhole EM program on existing Akelikongo mineralised zone 1Q
Slide 20: 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 Sustainability Located in a safe mining jurisdiction Diversification Leverage High quality concentrate with low impurities Significa
Slide 21: Contact
1 King St +44(0)1624 681 250 London EC2V 8AU info@blencoweresourcesplc.com UK 21
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