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Blencowe Resources PLC
Business and Financial Review • Jun 22, 2023
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Business and Financial Review
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RNS Number : 6336D
Blencowe Resources PLC
22 June 2023
22June 2023
BLENCOWE RESOURCES PLC
("Blencowe" or the "Company")
CEO Video Interview
Blencowe Resources (BRES:LON), is pleased to share a recent interview with CEO Mike Ralston on the Proactive Investors platform.
Within this video interview, Blencowe CEO Mike Ralston provides further detail relating to the recently announced positive metallurgical test work results from Orom-Cross by the leading Chinese graphite technical specialist laboratory (based at Wuhan University) where open cycle floatation tests produced recoveries between 92-94% (previously 90%) and concentrate grades consistently ranging between 95-98% for all graphite mesh sizes.
In the interview, Mr. Ralston also updates on progress with securing a $5 million grant from the US International Development Finance Corporation ("DFC").
Click on the link below to watch: https://www.youtube.com/watch?v=tgdVG1lvlZM&ab_channel=ProactiveInvestors
Interested investors can also sign up to the Blencowe Newsletter at the following link:
https://blencoweresourcesplc.us13.list-manage.com/subscribe?u=ba87c801d05702dc7b8d75a3b&id=bd90aec04f
For further information, please contact:
| Blencowe Resources Plc Sam Quinn (London Director) |
www.blencoweresourcesplc.com +44 (0)1624 681 250 [email protected] |
| Investor Enquiries Sasha Sethi |
Tel: +44 (0) 7891 677 441 [email protected] |
| Tavira Financial Jonathan Evans |
Tel: +44 (0)20 7100 5100 [email protected] |
| First Equity Limited Jason Robertson |
Tel: +44 (0)20 7330 1883 [email protected] |
Twitter: https://twitter.com/BlencoweRes
LinkedIn: https://www.linkedin.com/company/blencowe-resources/
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 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 Definitive Feasibility Study phase shortly 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. Development of the resource is expected to benefit from a low strip ratio and free dig operations, thereby ensuring lower operating and capital costs.
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