Last checked at 20 Jul 2021 14:01
20 July 2021
Blencowe Resources Plc
("Blencowe" or the "Company")
Invitation to Webinar
Blencowe Resources is pleased to invite investors to an investor webinar, hosted by Shares Magazine where CEO Mike Ralston will present Blencowe's plans to develop our potentially world-class Orom-Cross Graphite Project followed by an audience Q&A on Wednesday, Jul 21, 17:30 PM BST.
The webinar is open to all existing shareholders or potential investors.
To participate in this webinar, please register using the link: https://register.gotowebinar.com/register/8965032300449864207
The webinar will not require your participation in the form of audio or video, however, you will have the opportunity to ask questions via an online chat window during the webinar.
Whilst a Stage 2 drilling programme with the objective of further upgrading the higher-grade Resource at Orom-Cross is currently underway, next steps are in-flight to begin moving through development studies into pre-Feasibility and ultimately full Feasibility study in order to fully assess the project economics for Orom-Cross.
Following successful metallurgical testwork where graphite concentrate grades consistently ranged between 97-98% TGC, Blencowe is now better positioned to advance discussions with strategic groups in the knowledge it can deliver a range of high grade end products.
Please find below a link to our latest presentation:
https://blencoweresourcesplc.com/wp-content/uploads/sites/23/2021/05/Blencowe-Presentation-May-2021.pdf
ENDS
For further information please contact:
Blencowe Resources Plc Sam Quinn (London Director)
| www.blencoweresourcesplc.com +44 (0)1624 681 250 info@blencoweresourcesplc.com
|
Investor Enquiries Sasha Sethi
| Tel: +44 (0) 7891 677 441 sasha@flowcomms.com |
Brandon Hill Capital Limited Jonathan Evans
| Tel: +44 (0)20 3463 5000 jonathan.evans@brandonhillcapital.com |
First Equity Limited Jason Robertson | Tel: +44 (0)20 7330 1883 jasonrobertson@firstequitylimited.com |
Background
Orom-Cross is a potential world class graphite project both by size and end-product quality, with a high component of more valuable larger 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 is moving into the studies phase shortly as it drives towards first production.
Orom-Cross presents as a large, shallow open pitable deposit, with an estimated overall resource between 2-3 billion tonnes of graphite. Development of the resource is expected to benefit from a low strip ratio and free dig operations thereby ensuring lower operating and capital costs.