Investor Webinar Invitation - Tuesday, 25 February 2025
28 January 2025
Blencowe Resources (LSE: BRES) is pleased to invite shareholders and investors to a focusIR live Q&A webinar on Tuesday, 25 February 2025, at 18:00 UK time. A recording of the webinar will also be made available post-event.
Blencowe CEO Mike Ralston will provide insights into the Company’s recent developments, including:
· Progress on the 6,700m drilling programme at Orom-Cross, targeting substantial resource and reserve upgrades.
· Advancements in Project SAFELOOP, where Orom-Cross graphite continues to demonstrate exceptional performance in testing.
· Key steps toward DFS completion and upcoming project milestones.
· Market outlook and strategic priorities for Blencowe in 2025.
Mike Ralston, CEO, commented:
“For the previous webinar, I was in Uganda and had some connectivity issues, however, this time I will be joining from home to ensure a smooth session. I look forward to engaging with investors and answering as many questions as possible, please send these in to our [email protected] address and we will be sure to forward to the webinar organisers.”
How to Register:
Investors can register for the webinar here:
https://us06web.zoom.us/webinar/register/5717375627132/WN_Nn5JF-03RN2Gc3ovKHS0hg#/registration
Ask Questions:
Shareholders can submit live questions during the session.
Sign Up for Updates:
Stay informed by subscribing to the Company’s newsletter:
For further information please contact:
Blencowe Resources Plc Sam Quinn |
www.blencoweresourcesplc.com Tel: +44 (0)1624 681 250
|
Investor Relations Sasha Sethi | Tel: +44 (0) 7891 677 441
|
Tavira Financial – Financial Adviser & Broker Jonathan Evans | Tel: +44 (0)20 3192 1733
|
Twitter https://twitter.com/BlencoweRes
LinkedIn https://www.linkedin.com/company/72382491/admin/
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. Blencowe completed a successful Pre-Feasibility Study on the Project in July 2022 and is now within the Definitive Feasibility Study phase as it drives towards first production.
Orom-Cross presents as a large, shallow open-pitable deposit, with an initial JORC Indicated & Inferred Mineral Resource of 24.5Mt @ 6.0% TGC (Total Graphite Content). This Resource has been defined from only ~2% of the total tenement area which presents considerable upside potential ahead. Development of the resource is expected to benefit from a low strip ratio and free dig operations together with abundant inexpensive hydro-electric power off the national grid, thereby ensuring low operating costs. With all major infrastructure available at or near to site the capital costs will also be relatively low in comparison to most graphite peers.
In 3Q 2024 Blencowe introduced a Joint Venture concept with experienced downstream graphite processing partners to ultimately produce upgraded 99.95% SPG in Uganda. This strategy has several key advantages plus substantial cost savings which will assist deliver a world class project once DFS is completed.
