Blencowe Resources PLC

Report Publication Announcement • May 19, 2021

National Storage Mechanism | Additional information

RNS Number : 1612Z

Blencowe Resources PLC

19 May 2021

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:

Blencowe Resources Plc Sam Quinn Investor Relations Sasha Sethi	www.blencoweresourcesplc.com Tel: +44 (0)1624 681 250 info@blencoweresourcesplc.com Tel: +44 (0)7891  677 441 sasha@flowscomm.com
Brandon Hill Capital Limited Jonathan Evans	Tel: +44 (0)20 3463 5000 jonathan.evans@brandonhillcapital.com

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.

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