RE: Informal Approaches to Buy OC9 Oct 2025 13:21
NEWS FLOW
1. Assays
2. JORC update (reserves)
3. DFS (internal target end of November).
4. Exploration target - infilling next year/year after etc.
- to add to resources.
- not part of DFS.
WHY UNIQUE
• Unique for size and scale - 100 years life of mine.
• Key fundamentals
- size / low capital costs / high purity / mining licence / 100% ownership / safe jurisdiction
• Orom Cross is the only one that has all of those.
• Very few mines can do what we do.
TIMELINES
• In London presenting at conference in first week of December
• Does not want to be there without the DFS.
• Internal target is the end of November.
• All other work is getting done in parallel (not waiting).
• Camp Lode is important for Phase 1.
FUNDING
• Fully funded for DFS.
• Plan to get Phase 1 production up and running ASAP.
• 3rd parties doing DD.
• Target to get production up and ready for 2026.
• 10,000 tonnes p/a for Phase 1.
• BUT – putting Phase 2 funding in progress & SPG plant in parallel.
• Phase 3 to get downstream SPG into place ASAP.
• A lot of news flow and exciting events.
• Potentially different funding partners for each Phase.
SHARE REGISTER / PARTNERS
• Funds and institutional markets – larger MCAPS and derisked companies.
• As this continues to happen, looking at institutional support.
• One of the reason for presenting at the event – cornerstone investors.
• Any equity (either at Orom Cross level or Blencowe Level) with be at a significantly higher MCAP/SP.
• USA interest – talking about stockpiling significant amount of graphite.
• A lot of interest through Department of War (AET – our technical partner in Chicago).
• Some of our product being tested by NASA at the moment.
• As soon as DFS is done, MR will hit the road “and market the hell out of it”.
BUY OUT / OFFERS / OFFTAKES
• “Has there been any offers”
“Yes…but we are batting them away”
“Every moment on the journey that derisks it, our value goes up”
• “We are on radars for sure”.
• “We are the best looking girl at the dance”.
• All Phase 1 offtakes are tied up (and a large chunk of Phase 2).
• We have found ways to sell waste product out of the SPG plant.
• SafeLoop are still developing the Generation 3 battery (max. 1.5 years) and we are the provider.
• We want to knock the $480 million NPV out of the park.
• Current challenges:
Cost of money and borrowing is higher.
• BUT - DFC typically charge c.50% less interest…and if a large chunk of our debt comes from this DFC or similar institutions, it’s hugely positive…and not looking to go to commercial banks.
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