Blencowe Resources Regulatory News (BRES)

Date: 19th May 2021 Blencowe Resources Plc 

("Blencowe" or the "Company")

Updated Corporate Presentation

Blencowe Resources Plc ("Blencowe Resources" or the "Company") (LSE: BRES), the natural resources company focussed on the development of the 100% owned Orom-Cross Graphite Project in Uganda, is pleased to advise an updated corporate presentation has been uploaded to the Company's website and can be found here:

https://blencoweresourcesplc.com/presentation/

The presentation provides information on the recent maiden JORC resource, current ongoing and fully funded work programs and a broader overview of the increasingly buoyant graphite market, driven by the continued expansion of the EV market.

For further information please contact:

 First Equity Limited Tel: +44(0)20 7330 1883

 Jason Robertson 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 larger flakes identified from previous work performed. 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 deposit, with an estimated resource 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 ensuring lower operating and capital costs.