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Pin to quick picksBlencowe Resources Share News (BRES)

Share Price Information for Blencowe Resources (BRES)

London Stock Exchange
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Share Price: 5.55
Bid: 5.30
Ask: 5.80
Change: 0.00 (0.00%)
Spread: 0.50 (9.434%)
Open: 5.55
High: 5.65
Low: 5.55
Prev. Close: 5.55
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IN BRIEF: Blencowe Resources ends Orom-Cross pre-feasibility study

Tue, 19th Jul 2022 14:46

Blencowe Resources PLC - London-based miner focused on developing the Orom-Cross graphite project and Akelikongo nickel project in Uganda - Completes pre-feasibility study on time and on budget. Says the study indicates a robust and "profitable" graphite mining operation at the Orom-Cross graphite project in Uganda. Estimates a net present value of USD482 million and a 14-year mine life that can be increased by additional drilling. Plans to move towards initial stage production at Orom-Cross by the second half of 2023.

Current stock price: 3.73 pence, up 9.6% on Tuesday

12-month change: down 33%

By Abby Amoakuh; abbyamoakuh@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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