AI Terminal
Blencowe Resources PLC
Major Shareholding Notification • Aug 23, 2023
5345_mrq_2023-08-23_556b649a-92e7-4f69-ac33-ceec14be8349.html
Major Shareholding Notification
Open in ViewerOpens in native device viewer
National Storage Mechanism | Additional information 
RNS Number : 1949K
Blencowe Resources PLC
23 August 2023
23 August 2023
Blencowe Resources
Holdings - Spreadex Ltd
Blencowe Resources Plc ("Blencowe" or the "Company"), is pleased to advise that it was notified on 21 August 2023 that Spreadex Ltd have notified that they no longer have a notifiable interest in the Company.
**Ends**
For further information please contact:
| Blencowe Resources Plc Sam Quinn |
www.blencoweresourcesplc.com Tel: +44 (0)1624 681 250 [email protected] |
| Investor Relations Sasha Sethi |
Tel: +44 (0) 7891 677 441 [email protected] |
| Tavira Financial Jonathan Evans |
Tel: +44 (0)20 3192 1733 [email protected] |
| First Equity Limited Jason Robertson |
Tel: +44(0)20 7330 1833 [email protected] |
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 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 has 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. 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 [email protected] 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
HOLEAKPDAFDDEEA