Blencowe Resources - London-based mineral exploration and development company - Successfully completes metallurgical test work on its Orom-Cross graphite project in Northern Uganda on a substantially increased scale of 150 kilograms. Testing developed by Chinese graphite test laboratory at Wuhan University in partnership with Jilin New Technology. Says results indicate a high grade, low impurity concentrate. The company has more volume of end product concentrate to send to potential offtake and strategic parties ahead. Blencowe says that open cycle flotation test produced recoveries between 92% to 94% and a concentrate grades range between 95% and 98% for all graphite mesh sizes.
Chair Cameron Pearce said: "These results indicate that our concentrate is a highly marketable end product and will translate to more interested strategic and offtake parties being able to buy our product."
Current stock price: 5.18 pence, up 3.6% on Monday
12-month change: up 52%
By Will Neill, Alliance News reporter
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Blencowe Resou. (BRES)