RE: RNS4 May 2020 10:48
Orom-Cross is a potential world class graphite project both by size and end-product quality, with a large component of high value large flake product. A 21-year Mining Licence was issued by the Ugandan Government in 2019, following extensive historical work on the deposit.
Orom-Cross presents as a large, shallow open pitable mine, with a resource estimated in excess of 3 billion tonnes of graphite. Development of the resource is expected to benefit from a low strip ratio and free dig operations, thereby providing lower operating and capital costs. Coupled with the predominantly Jumbo, X-Large and Large flake sizes of the deposit, the Company expects Orom-Cross to provide significant margins on production.
3b tonne of jumbo, x-large and large flakes is worth a lot of $$$