Blencowe Resources PLC - London-based miner focused on developing the Orom-Cross graphite project and Akelikongo nickel project in Uganda - Posts lower interim loss as it reports "excellent progress" at its Orom-Cross project. Pretax loss in the half-year ended March 31 narrows to GBP356,336 from GBP629,681 a year ago.
"Significant progress has already been made but this is an ongoing exercise that will continue forward as the project moves towards first production in 2023," company explains.
Current stock price: 3.23 pence, down 0.5% on Thursday
12-month change: down 50%
By Tom Budszus; tombudszus@alliancenews.com
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Blencowe Resou. (BRES)