Check out our new Timeline feature to give you the latest updates on all the stocks you follow. Clickhere to set up your Timeline.

Less Ads, More Data, More Tools Register for FREE
Sponsored Content
Don't want ads? Click here
Sponsored Content
Don't want ads? Click here

Pin to quick picksBlencowe Resources Regulatory News (BRES)

Mike Ralston, CEO of Blencowe Resources will be presenting and taking live Q&A at focusIR's February Investor Webinar. Please register here.

Share Price Information for Blencowe Resources (BRES)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 4.15
Bid: 4.00
Ask: 4.30
Change: 0.00 (0.00%)
Spread: 0.30 (7.50%)
Open: 4.15
High: 4.15
Low: 3.75
Prev. Close: 4.15
BRES Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Timelines are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Bulk Sampling Complete

27 Feb 2023 07:00

RNS Number : 0644R
Blencowe Resources PLC
27 February 2023
 

Date: 27 February 2023 Blencowe Resources Plc

("Blencowe" or the "Company")

 

Bulk Sampling at Orom-Cross Graphite Project complete, Final Stage Metallurgical Testing commenced

 

Highlights

· 100 tonne bulk sample mining completed.

· Transport underway to Chinese graphite processing specialist Jilin Huiyang New Material Technology Company Ltd ("Jilin") for final metallurgical testing in its existing facilities.

· Additional 150kgs sample already sent to Jilin for initial off-site testing.

· Ugandan Government had approved landmark one-off permit for Blencowe to export bulk sample graphite from Orom-Cross earlier in Q1 2023.

 

Blencowe Resources Plc ("Blencowe Resources" or the "Company") (LSE: BRES) is pleased to announce it has completed the mining and packaging of both the 100t bulk sample and 150kg of sample from its flagship Orom-Cross Graphite Project. In January 2023 the Company received an approval from the Ugandan Ministry of Energy and Mineral Development to export materials from its Orom-Cross Graphite Project to Chinese testing facilities to enable final bulk metallurgical test work to be undertaken. Blencowe has mandated industry specialist Jilin to complete this test work in their existing plant facility, negating the requirement for the Company to build its own bulk testing facility on-site in the near term, saving both considerable time and cost.

This final stage of metallurgical test work is a key component of the ongoing Definitive Feasibility Study. Blencowe has already proven twice (in Canada/SGS and Australia/IMO) that it can achieve a high grade, low impurity 97% LOI concentrate from a composite mix of its two deposits at Orom-Cross. The Company expects to achieve the same results with this significantly larger sample size, thereby enabling the pre-qualification of end products and subsequent entry into binding offtake contracts.

Works to excavate and transport the bulk samples were undertaken under supervision of the Company's geologists and the Ugandan Department of Geology, Survey and Mines (DGSM). Works were carried out by local Uganda firm ADT/LogVoy. The 100t bulk sample and the 400litres of groundwater are being sea-freighted from the Port of Mombasa, and the 150kgs of same samples are being fast-track air-freighted to same Jilin facility, to undergo metallurgical testing as a precursor to build knowledge before the larger samples arrive.

Once this bulk sample test is completed over the next few months Blencowe will utilise these same facilities to lift the 97% concentrate to a 99.95% SPG-ready product, which can then be tested by OEMs to ensure it meets their requirements. When this OEM testing is successfully completed binding offtake contracts may then be secured. In parallel Blencowe will also be doing same 99.95% SPG-ready testing in USA to obtain a separate qualification with another technical industry expert, thereby ensuring the widest range of offtake partners are available to the Company.

 

Cameron Pearce, Executive Chairman commented;

"Our process to secure end-product qualification, which then opens the door to binding offtake contracts, is underway. This is a methodical process designed to deliver an end-product that meets the most stringent battery grade testing by the OEMs. We are very confident in the product to be produced from Orom-Cross, especially given the lack of impurities within the concentrate in all testing thus far. If we can continue to demonstrate this quality in the months ahead we will be in excellent shape to complete this pre-qualification process."

 

He added "The pre-qualification process remains a barrier to entry for many would-be graphite producers, as achieving the battery level quality the OEMs require is challenging. However, based on historical test results we are confident we will achieve this and, in doing so, place Orom-Cross as one of the highest quality graphite projects worldwide."

 

 

For further information please contact:

 

 

Blencowe Resources Plc

Sam Quinn

 

www.blencoweresourcesplc.com

Tel: +44 (0)1624 681 250

info@blencoweresourcesplc.com

 

Investor Relations

Sasha Sethi

Tel: +44 (0) 7891 677 441

sasha@flowcomms.com

 

Tavira Financial

Jonathan Evans

Tel: +44 (0)20 3192 1733

jonathan.evans@tavirasecurities.com

 

First Equity Limited

Jason Robertson

Tel: +44(0)20 7330 1833

jasonrobertson@firstequitylimited.com

 

Twitter https://twitter.com/BlencoweRes

LinkedIn https://www.linkedin.com/company/72382491/admin/

 

 

 

 

 

 

 

 

Background

Orom-Cross Graphite Project

Orom-Cross is a potential world class graphite project both by size and end-product quality, with a high component of more valuable larger coarse flakes within the deposit.

A 21-year Mining Licence for the Project was issued by the Ugandan Government in 2019 following extensive historical work on the deposit and Blencowe completed a successful Pre-Feasibility Study in 2022. The Company has now moved into the Definitive Feasibility Study phase as it drives towards first production.

Orom-Cross presents as a large, shallow open-pitable deposit, with a maiden JORC Indicated & Inferred Mineral Resource deposit of 24.5Mt @ 6.0% Total Graphite Content, with only a small percentage of the overall deposit drilled to date. Development of the resource is expected to benefit from a low strip ratio and free dig operations, thereby ensuring lower operating and capital costs.

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
MSCTFMMTMTBTTIJ
Date   Source Headline
31st Jan 20258:56 amRNSAnnual Financial Report
30th Jan 20257:00 amRNSSAFELOOP Update
28th Jan 20257:00 amRNS-RWebinar 25 February 2025
9th Jan 20257:00 amRNSCommencement of Drilling
19th Dec 202411:02 amRNSResult of Meeting
10th Dec 202410:04 amRNS-RUpdated Corporate Presentation
9th Dec 20247:00 amRNSExercise of Warrants
28th Nov 20247:00 amRNSBlencowe Joins European EV Consortium
26th Nov 202412:12 pmRNSPublication of a Prospectus
19th Nov 20248:00 amRNSShareholder Question & Answers
13th Nov 20247:00 amRNS6,700m Drilling Programme to Commence
12th Nov 20243:11 pmRNSHolding(s) in Company
7th Nov 20247:00 amRNSResults of Retail Offer
6th Nov 20247:01 amRNSBookBuild Retail Offer
6th Nov 20247:00 amRNSCapital Raise of £1.5m
8th Oct 20247:00 amRNSGlobal MSP Accreditation
5th Sep 20247:00 amRNSMoU signed for Graphite Beneficiation in Uganda
2nd Sep 20247:00 amRNS600 tonne Processing Graphite to Battery Ready SPG
22nd Jul 20247:00 amRNSIssue of Equity
15th Jul 20247:00 amRNSDFC Grant Fourth Tranche
5th Jul 20247:00 amRNSConversion of 600t bulk sample to concentrate
25th Jun 20247:17 amRNS600t Bulk Sample Nearing Completion
14th Jun 20247:00 amRNSHalf-year Report
10th Jun 20247:00 amRNSFirst offtake for 15,000 tonnes
3rd Jun 20247:00 amRNSCorporate Presentation Updated
28th May 20249:00 amRNSCEO Video Interview
15th Apr 20247:00 amRNSBulk Sample Update
10th Apr 20247:00 amRNSReceipt of Third Tranche from DFC
26th Feb 20248:52 amRNSResult of AGM
9th Feb 20247:00 amRNSSubscription & Conditional Subscription - Replace
6th Feb 20247:00 amRNSSubscription & Conditional Subscription
31st Jan 20247:00 amRNSAnnual Financial Report
29th Jan 20247:00 amRNSDFC LOI Regarding Project Financing
25th Jan 20247:00 amRNSReceipt of further $1m Tranche from the DFC
2nd Jan 20247:00 amRNSProject Update
11th Dec 20237:00 amRNSDFS Update
30th Oct 20237:00 amRNSSPG Test Work Completed
10th Oct 202312:16 pmRNSReceipt of $1m Grant First Tranche from DFC
22nd Sep 20237:05 amRNSCorporate Presentation
22nd Sep 20237:00 amRNSDFC Grant Completed
4th Sep 20237:00 amRNSBulk Sampling Completed
23rd Aug 20237:16 amRNSHolding(s) in Company
14th Aug 20237:57 amRNSBulk Sampling Update & China Visit
18th Jul 20237:00 amRNSWarrants Update
22nd Jun 20231:49 pmRNSCEO Interview
19th Jun 20237:00 amRNSMetallurgical test work results
2nd Jun 20237:00 amRNSHalf-year Report
24th May 20238:59 amRNSHolding(s) in Company
18th May 20237:46 amRNSPlacing to Raise £635,000
9th May 20237:00 amRNSWebinar Today

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Make Better Investment Decisions

Register for FREE

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.