Blencowe Resources Plc · LSE:BRES
Blencowe Resources — Investor Presentation (May 2023)
17 slides from Blencowe Resources's investor presentation, May 1, 2023
Slide 1: Orom-Cross Graphite Project
Orom-Cross Graphite Project Delivering Sustainable Products into an Emerging Green Market 1
Slide 2: Emerging Tier One Graphite Project
LSE:BRES EMERGING TIER ONE GRAPHITE PROJECT MOVING TO PRODUCTION-READY IN ANTICIPATION OF SURGING GRAPHITE DEMAND FOR BATTERIES 21 year Mining License awarded in 2019. Developing the world class Orom- Existing JORC Resource of 24.5Mt @ 6.0% TGC, Cross graphite project in Uganda based upon 2% of the
Slide 3: Corporate Overview
CORPORATE OVERVIEW 10% RAB Capital 9% Board & £0.055 £11M 63.3% 9.5% Management Janganda Mines Share price Market cap 8.2% Jub Capital 92.8M 197.4M Free float Warrants & Options Issued Share Capital VWAP = 7.2p BOARD & MANAGEMENT WITH RESOURCE DEVELOPMENT EXPERIENCE BOARD MANAGEMENT Cameron Pearce A
Slide 4: Snapshot: Orom-Cross Graphite Project Economics
Snapshot: Orom-Cross Graphite 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
Slide 5: 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 “ 100 new graphite mining operations required within Millions TPA Graphite Demand the next decade to meet surging anticipated demand. Timing for likely first ful
Slide 6: Use of Graphite and Forecast Demand for Flake 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) FORECAST DEMAND 3500 Used in Thermal Sheets and lining Steel Foundries, Flame Retardants, 3000 Tonnes Per Annum (000’s
Slide 7: Strategic Partner: Project Funding Solution
Strategic Partner : Project Funding Solution DFS Funding US$4.5M DEVELOPMENT FINANCE CORPORATION (DFC) Technical Assistance Grant • Major challenge for all graphite projects is how to fund DFS and full production. • Respected US development financial institution with significant experience funding p
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 ramps up quickly to 50,000tpa concent
Slide 9: Orom-Cross: Mine Layout & Production Facilities
Orom-Cross: Mine Layout & Production Facilities 2023 2027 End-2023 2025 2025 Mid-2024 9
Slide 10: Forecast Market Prices
Forecast Market Prices Orom-Cross will produce up to 4 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 97% LOI 97% LOI Jumbo +32 / +50 98.0% 13.7% 2,600 2,900/t Large +80 97.
Slide 11: Advancing Orom-Cross to Production
Advancing Orom-Cross to Production Forward Strategy and Anticipated Key Milestones Update and upgrade of Completion DFS & JORC Resource delivered Commencement decision to mine Commencement of Definitive Feasibility (Stage 1 main plant Stage 1 mining and ramp up Final metallurgical test Study t
Slide 12: Definitive Feasibility Study
Definitive Feasibility Study OROM-CROSS GRAPHITE PROJECT: • Detailed analysis of all strategy and revenue generation plus operational and capital costs associated with Project • Industry leader CPC Engineering (Australia) to lead and sign off on DFS to ensure all data within DFS is accurate and thor
Slide 13: 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 will be produced for further test work SPG /
Slide 14: 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 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 – with ~2% of Orom-Cross Project drilled to date Mineral Metallurgy Resources Upgraded Recoveries Area Mt % Total Carbon Deposit Concentrate (%) (% LOI) Northern Syncline Inferred 10.6 5.78 Northern Syncline 98.1% 80.9% Lower grade Indicated
Slide 17: 167-169 Great Portland Street, Fifth Floor London
+44(0)1624 681 250 167-169 Great Portland info@blencoweresourcesplc.com Street, Fifth Floor London, W1W 5PF 17
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