Blencowe Resources Plc · LSE:BRES

Blencowe Resources — Investor Presentation (June 2024)

14 slides from Blencowe Resources's investor presentation, June 2024

  1. Slide 1: Building a Differentiated Mining-to-Battery Strategy

    Orom-Cross Graphite Project Building a Differentiated Mining-to-Battery Strategy 1 LSE:BRES blencoweresourcesplc.com

  2. Slide 2: World Class Orom-Cross Graphite Project

    WORLD CLASS OROM-CROSS GRAPHITE PROJECT Standout, Tier-One Project  Estimated deposit 2-3 billion tonnes  21 year Mining License awarded in 2019 and all graphite, near-to-surface. environmental and other permits in place.  Initial JORC Resource 24.5Mt @ 6.0%  Strong Govt and local community supp

  3. Slide 3: Pre-Feasibility Study (2022): Project Economics

    Pre-Feasibility Study (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 Co

  4. Slide 4: 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. Orom-Cr

  5. Slide 5: Production Strategy

    PRODUCTION STRATEGY Move to First Production beginning 2026 and Ramp Up thereafter based on Experience and Success 2026 2027 2028 2030 2032 Phase 1 Phase 2 Phase 3 Phase 4 Phase 5 Production 5,000t Production 50,000t Production 100,000t Production 150,000t Production 25,000t concentrate concentrate

  6. Slide 6: Orom-Cross: Uganda Production Strategy Across 2 Sites

    OROM-CROSS : UGANDA PRODUCTION STRATEGY ACROSS 2 SITES Orom-Cross plant producing 96% graphite concentrate Orom-Cross Phase 3 Phase 1 25,000tpa Uncoated SPG plant 80ktpa plant delivers (99.95% spheronised, purified graphite) 5,000tpa concentrate & 1,000tpa micronised SPG Plant 2027 2027 Location of

  7. Slide 7: What does SPG Production In-Country offer

    What does SPG Production In-Country offer 50% Large Flake Concentrate Selling Price $1,300/tonne Total Concentrate Less Low Operating Margin Typical Graphite Average Selling Price Operating Cost Circa $350/t $950/t $600/t Producers/Peers 50% Small Flake Concentrate Selling only Concentrate delivers

  8. Slide 8: Project Differentiation

    PROJECT DIFFERENTIATON Orom-Cross Unique amongst its Peers in the “Must-Have’s” Orom-Cross Difference • PFS Operating cost $499/t = lowest • Most graphite projects selling concentrate only percentile graphite market & will lower will have LOM average sales price $750/t-$1,000/t.  Low Operating cost

  9. Slide 9: 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 ENVIROMENTAL SOCIAL * All energy requirements from hydro-power off * Community Agreement Delivering Ugandan national grid signed, ret

  10. Slide 10: Corporate Overview

    CORPORATE OVERVIEW RAB Capital 10% £0.055p £12.0M 9% Board & Management Share price Market cap 9.5% Jangada Mines 63.3% 8.2% Jub Capital 67M 218M Free float Warrants & Options Issued Share Capital VWAP = 7.7p BOARD & MANAGEMENT WITH RESOURCE DEVELOPMENT EXPERIENCE BOARD MANAGEMENT Chris Whiteley SAL

  11. Slide 11: Appendix

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  12. Slide 12: The Relevance of Graphite

    THE RELEVANCE OF GRAPHITE The Unreplaceable Input into All Batteries  Traditional markets – mainly heat resistance & electrical conductivity products. Graphite Markets Key  Traditional battery markets – lead acid batteries and alkaline batteries. Applications  Emerging markets – lithium-ion batte

  13. Slide 13: 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

  14. Slide 14: 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 14

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