focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
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That pesky seller is still around I see!
Also remember First Equity target price of 73p:
https://www.branduk.net/buy-blencowe-resources-bres-with-a-73p-price-target-says-first-equity/
The herd have not yet arrived. When they do......
it takes v little to move this. Lots of shares in sticky hands. GLA.
Only good things to come, certainly seems like two off takes is the route we're taking. Having an offtake outside china is very wise move with all the tension with U.S/West. Think Taiwan situation kicks off - first Chinese will be sanctioned and two forget imports/exports from china during a major war situation.
Back to the day light robbery price of 5p.
Added a few to my ISA last week. Let's hope we stay over 5p this time!
GLA
Could be a lot sooner if they are meeting this month
Definitely feels like our time is coming, very exciting to think about where we could be by eoy
I wonder if there will be an offtaker RNS in the next month or two .... all sounding positive.
Almost certainly taking with POSCO then:
“ Senior management will visit both China and South Korea over the next few weeks to continue discussions on offtake agreements. Strong interest has been shown to date and Blencowe is confident that this will continue with the ongoing large-scale test work.”
"both 96% concentrate and 99.95% spheronised purified graphite ("SPG") provided from this latest bulk sample testing are expected to be delivered in Q2 2024 to potential off-taker parties in sufficient quantity for review, leading to product qualification and ultimately contracts"..........that's Q2 not H2......not long to wait fingers crossed!
Nice update
I posted this as it wasn't initially appearing on LSE.
Bulk Sample Processing underway at Pilot Plant Facility in China
Progression towards Product Qualification and Offtake Contracts
Blencowe Resources Plc (LSE: BRES) is pleased to report significant progress on the Definitive Feasibility Study ("DFS") works for the 100%-owned Orom-Cross graphite project in Uganda including commencement of the 600 tonne bulk sample test work at the Jilin Huiyang New Material Technology Company Ltd ("Jiliin") facility in China.
Highlights:
· Bulk Sample Processing - commencement of the 600-tonne commercial scale processing at Jilin in China marks a significant step forward for Orom-Cross DFS.
· Off-take Agreements Progress - senior management and potential offtake partners to meet during April 2024 to advance off-take discussions following strong interest in the large-scale test work, samples delivered to date, and Orom-Cross products across the board.
· Final Sample Delivery - both 96% concentrate and 99.95% spheronised purified graphite ("SPG") provided from this latest bulk sample testing are expected to be delivered in Q2 2024 to potential off-taker parties in sufficient quantity for review, leading to product qualification and ultimately contracts.
Following the delivery of the 600 tonne bulk sample materials to China, processing has commenced at the Jilin facility. This same facility previously conducted successful bulk metallurgical test work for Blencowe on the 100-tonne Orom-Cross sample in 2023.
Blencowe plans to utilise this product to generate large volumes of both 96% concentrate and 99.95% uncoated SPG product for final qualification with potential off-take partners. This process aims to maintain the same consistently high quality as previously delivered via this commercial-scale production process in 2023.
Senior management will visit both China and South Korea over the next few weeks to continue discussions on offtake agreements. Strong interest has been shown to date and Blencowe is confident that this will continue with the ongoing large-scale test work.
Cameron Pearce, Executive Chairman commented;
"This latest 600 tonne bulk sample testing is a critical part of our DFS. We aim to demonstrate that end products maintain the same high quality and purity in commercial scale processing that have already been achieved in all previous testing to date. The 100 tonne testing last year confirmed this quality maintains to scale and we are confident we can achieve similar results from this latest 600 tonne testing. Thereafter we will have sufficient quantity of 99.95% SPG to provide for testing with tier one offtakers for product qualification."
Mr Pearce added "We are making significant progress across all DFS objectives. Orom-Cross is a world class graphite project with unique characteristics, and its potential is becoming increasingly evident as we deliver each milestone."