Blencowe Resources Plc · LSE:BRES
Blencowe Resources — Investor Presentation (February 2022)
21 slides from Blencowe Resources's investor presentation, February 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 as 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: 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 ▪ Currently wi
Slide 4: 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. £8.1m Enterprise Value c. £6.5m Mike Ralston Warrants & Options 74.9m CEO Average Exercise Price = 7.5p Issued Share Capital 1
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 their involvement ▪ Social awareness programs ▪ Community Development Agreement in place to return value to the local participants: ▪ US$1.8M
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: Preliminary Economic Assessment
PRELIMINARY ECONOMIC ASSESSMENT COMMERCIAL STUDY SHOWS HUGE POTENTIAL WITHIN OROM-CROSS GRAPHITE PROJECT 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 PFS TO FO
Slide 11: 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
Slide 12: Forecast Market Prices
FORECAST MARKET PRICES Orom-Cross will produce 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
Slide 13: 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
Slide 14: Electric Vehicles: Macro Market, Micro Market
ELECTRIC VEHICLES One of the fastest growing trends worldwide Dec 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)
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 ▪ US$15M spent to date by Sipa & Rio Tinto JV on regional nickel Akelikongo Nickel Project Overview 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 De
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 London
1 King St +44(0)1624 681 250 London EC2V 8AU info@blencoweresourcesplc.com UK 21
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