Annual Results for the year ended 30 September 2021
28 January 2022
Blencowe Resources Plc
(“Blencowe” or the “Company“)
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Blencowe Resources Plc, the natural resources company focused on the development of the Orom-Cross Graphite Project in Uganda, is pleased to announce its audited financial results for the year ended 30 September 2021 (the “Annual Report”).
The Annual Report which includes an unqualified audit report and audited Financial Statement for the year ended 30 September 2021 will be made available on the Company’s website at www.blencoweresourcesplc.com. Hard copies will be posted to the Company’s shareholders.
For further information, please contact:
Blencowe Resources Sam Quinn
| Tel: +44 (0) 1624 681 250
|
Investor Enquiries Sasha Sethi | Tel: +44 (0) 7891 677 441
|
Tavira Securities Limited Jonathan Evans | Tel: +44 (0)20 7100 5100
|
First Equity Limited Jason Robertson | Tel: +44 (0)203 192 1733 |
Twitter https://twitter.com/BlencoweRes
LinkedIn https://www.linkedin.com/company/72382491/admin/
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Background
Orom-Cross Graphite Project
Orom-Cross is a potential world class graphite project both by size and end-product quality, with a high component of more valuable larger coarse flakes within the deposit. A 21-year Mining Licence for the project was issued by the Ugandan Government in 2019 following extensive historical work on the deposit and Blencowe is moving into the studies phase shortly as it drives towards first production.
Orom-Cross presents as a large, shallow open-pitable deposit, with a maiden JORC Indicated & Inferred Mineral Resource deposit of 16.3Mt @ 6.0% Total Graphite Content. Development of the resource is expected to benefit from a low strip ratio and free dig operations, thereby ensuring lower operating and capital costs.