Graphite: Series1; Episode 5; Net Zero Mining Project

In this fifth 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 environmental credentials of the Orom-Cross Graphite Project in Uganda.

In the video, investors will learn:

- Why ESG is so important to extraction companies in general and Blencowe in particular

- Some of the Net Zero initiatives the Company is putting into place at Orom-Cross

- How the Company is keen to set up a blueprint for how mining companies should act

- Why these initiatives are key to securing offtake and funding partners

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.