Member Info for Spank.theMonkey

LW - it was more likely released to calm any doubts given the shenanigans at the Kitgum District Council meeting, are you playing catch up?

Fair point Short.

It has been shipped - https://www.lse.co.uk/news/BRES/blencowe-resources-ships-bulk-graphite-to-china-for-testing-yj4axtphlnmrquv.html

Https://www.proactiveinvestors.co.uk/companies/news/1037247/blencowe-resources-sends-more-graphite-for-bulk-testing-moving-closer-on-us-grant-funding-1037247.html

The longer it stays around here the more I can accumulate in my SIPP through work so let them manipulate to their hearts content (sorry that's selfish).

Blencowe Resources Plc ("Blencowe" or the "Company"), is pleased to provide an update on the progress of the Orom-Cross Definitive Feasibility Study ("DFS"), and some of the expected activities in the current quarter.

Highlights:

· Further 600 tonne bulk sample completed for shipment to China for commercial scale testing and further OEM testing of processed 99.95% purified SPG product. Testing to be carried out in Q1 2024. Interest in Orom-Cross product has been high from various tier one battery off-takers.

· Strong support for Orom-Cross from Government of Uganda and specifically Ministry of Mines and Energy. Tenements and licenses in good standing, relations remain strong.

· Next milestone for further grant funding from the US Government Development Finance Corporation is close to completion and will be announced once funds have cleared.

· DFS work continuing with activities in four countries, including Uganda, China, US and Australia. Further environmental work continues in parallel to infrastructure studies.

· Downstream processing options which may provide transformational value opportunities continue to be explored.

A further 600 tonnes of bulk sample graphite was mined at Orom-Cross in late 2023 in order to provide significantly more product for commercial scale testing in China, using the same graphite expert (Jilin) who had successfully completed the testing on the 100 tonne sample previously. This product will be shipped to China and testing will be done in 1Q 2024 and the resultant concentrate will then be further processed to 99.95% purified product for OEM testing thereafter. This is ultimately expected to lead to offtake agreements. To date all testing has been extremely positive and as a result there is plenty of interest in all Orom-Cross products from various tier one battery off-takers.

The Government of Uganda, and specifically the Ministry of Mines and Energy, have been very supportive of this latest bulk sample programme (with representatives in attendance at the time of bulk sampling) and their backing of Orom-Cross continues at all levels. All tenements and licenses are in good standing and relations remain strong.

Blencowe is near to delivering on the next milestone for further grant funding from the US Government Development Finance Corporation ("DFC") and this will be announced once funds are cleared. This remains an important, non-dilutive, source of funding for project work

dfs work will continue with activities continuing in four countries, including uganda, china, us and australia. further environmental work is also underway and will continue in parallel to infrastructure studies in-country. orom-cross benefits from substantial key infrastructure already in place near to the project, including roads, communications and access to hydro-electric energy from the national grid. further announcements in relation to dfs progress will follow as key deliverables are achieved.

test work on expandability of purified co**** flake product will also be finalised in 1q 2024 with a leading graphite technical expert in chicago, usa. this will determine the quality and characteristics of purified co**** flake end products as opposed to purified smaller flake products which were successfully tested in late 2023. orom-cross project has a strong mix of both co**** (+195) and smaller flake (-195) products, all of which are in demand.

executive chairman cameron pearce commented:

"blencowe continues to progress the dfs on a number of key fronts, working towards a project strategy that ultimately delivers the most value for the company. we have a unique value proposition at orom-cross, with low operating costs, low capital costs and high grade of purity for all end products, which together provide a very compelling case for this project moving into production ahead of most of its peers. we will also continue to explore downstream processing options as this can potentially take orom-cross to yet another level and we will report to market as we progress this. all in all we envisage an exciting year ahead as we complete the dfs and move the project towards a decision to mine."

12 tonnes per truck sounds about right.....love the judges full bottomed wig.

Locals up in arms by the sound of it, thinking that Orom Cross is already being mined and that they're missing out / being deceived, it's difficult to understand everything being said but I think that's the gist (hopefully get something from Blencowe in response) - https://www.youtube.com/watch?v=0sDWqy0b8do

That thing in Australia, how long before anything comes of it?..........how long before ORCP have sweet FA left to function?

3.8 or 5, hopefully one day it will be pretty much academic.

I think (hope) your sub 5p days are numbered.

Jstar - exactly, just a cursory glance at this farce (not much DD required) and they wouldn't touch it with a barge pole.....well done Naheed, worst CEO in the AIM by a country mile, absolutely useless.......'long and illustrious' career my foot.

I wonder when our precious queen will give the next Investor Meet update, can't wait for the questions and answers, share purchase plan still in the offing? - just need to find one that's economical to run......need to preserve funds for pay, travel and expenses.

I'm surprised at the extent of the battering Syrah Resources has taken this year, it doesn't seem to make sense when graphite demand is set to increase (and with China etc).

Naheed has said a lot of things.....including the fact that she was going to prioritise finding a director share plan replacement, that is something squarely in her control and something that is yet to materialise.....I take anything she says now with a pinch of salt.

How long's a piece of string, I know one thing, if this is still floating around 5p at the end of 2024 with a completed DFS and DFC led funding solution I'm throwing in the towel.

GH - I don't think anyone is saying anything is dead easy in terms of bringing any of the projects to fruition, it's more about being lied to and misled and poor management of funds (she could have raised more in earlier placings so clearly she's at the very least been clueless all along about the ongoing costs involved in running the business). I also feel like shareholders have been treated with a degree of contempt.

Some institutional investment would queer the pitch wouldn't it?