In this fourth episode in our six-part Introduction to Graphite series, Mike Ralston, CEO of Blencowe Resources (BRES), continues our look at the sought-after material and discusses the benefits of working in Uganda, location of the Orom-Cross Graphite Project.
In the video, investors will learn:
- How stability impacts growth
- How the Government is supporting the Project and the tax incentives available
- Why tapping into hydro-electric energy supply is critical
- What terms have already been agreed within the Mining License
- What community support the Company will supply as the Project progresses
Reasons to follow Blencowe Resources:
- Developing World Class graphite deposit in Uganda; estimated deposit 2-3 billion tonnes graphite, near-to-surface.
- Pre-Feasibility Study (2022) indicates long-life, high margin, low CAPEX mining operation with a post-tax NPV8 of US$482M.
- 21 year Mining License awarded in 2019 and all other permits in place
- US$5M grant awarded by Development Finance Corporation, a tier one US financial institution, to co-fund DFS and provide a project funding solution ahead
- DFS underway, Phase 2 metallurgical test work completed, bulk sample testing in China underway
- Strong Government and local community support
- East African graphite considered as premier grade worldwide. Substantial percentage of higher value large flake product.
- Feasibility Studies underway for downstream beneficiation in-country to deliver higher weighted average sale price.
- First production targeted 2025
To keep up to date with developments at BRES, add them to your watchlist.
Blencowe Resources (BRES)
