Blencowe Resources: Additional Offtake Agreement for Purified Graphite

"Following a successful marketing tour of the USA, this MOU is the first of several that we anticipate bringing to market near term. It builds on our initial agreement with Jilin, announced in 2024, to supply up to 15,000tpa large flake concentrate.

As previously outlined, smaller flake graphite products must undergo a rigorous pre-qualification process before buyers can commit to offtake agreements. This process typically takes 2-3 years, requiring the extraction of substantial raw material from site and the processing of that to bulk 96% concentrates, and further beneficiation thereafter to 99.95% purified graphite for OEM testing. We have significantly accelerated this timeline, successfully pre-qualifying and delivering all necessary samples, but the process must still be followed to ensure end users can validate the quality and consistency of Orom-Cross graphite.

"Blencowe continues to execute key milestones as we progress towards an investment decision post-DFS. Orom-Cross stands out as truly a unique graphite project - combining scale, lowest capital and operating costs, and exceptionally high-purity end products. These factors collectively position us ahead of most peers and reinforce the long-term value of the project."

Cameron Pearce, Executive Chairman, Blencowe Resources (BRES)