#BRES Blencowe Resources – Receipt of Further $1m tranche from the DFC

Blencowe Resources Plc (“Blencowe” or the “Company”) (LSE: BRES) is pleased to announce it has received its second tranche US$1 million funding payment from the United States International Development Finance Corporation (“DFC”).  This represents a further 20% of the full US$5 million DFC grant to be utilised for Orom-Cross Definitive Feasibility Study (“DFS”) costs, with […]

#BRES Blencowe Resources – Orom-Cross Graphite Project Update

Blencowe Resources Plc (“Blencowe” or the “Company”), is pleased to provide an update on the progress of the Orom-Cross Definitive Feasibility Study (“DFS”), and some of the expected activities in the current quarter. Highlights: ·    Further 600 tonne bulk sample completed for shipment to China for commercial scale testing and further OEM testing of processed […]

#BRES Blencowe Resources – SPG Test Work Completed

Successful Completion of Orom-Cross Graphite Project SPG Test Phase Recent testwork has confirmed the quality of Orom-Cross graphite concentrate to generate a high purity SPG product with excellent battery characteristics Highlights: ·    Blencowe has successfully completed critical next-step metallurgical test work with initial stage SPG (“spheronised purified graphite”) upgrading now completed. ·    Test work was completed by […]

#BRES Blencowe Resources PLC – Receipt of $1m Grant First Tranche from DFC

Blencowe receives first US$1 Million Grant funding from Development Finance Corporation for Orom-Cross Graphite Project Initial 20% Mobilisation tranche paid to Blencowe for Project Feasibility Costs Blencowe Resources Plc (“Blencowe” or the “Company”) (LSE: BRES) is pleased to announce it has received its first US$1 million mobilisation tranche payment from the Development Finance Corporation (“DFC”).  […]

Buy Blencowe Resources #BRES with a 73p price target says First Equity

Buy Blencowe Resources #BRES says First Equity Ltd The securing of a $5m grant from the DFC is a commendable achievement for Blencowe and significantly reduces financing risks at Orom Cross. We have re-calibrated the PFS published last year from a NPV8 to NPV10 to reflect a higher cost of borrowing world (from $482m to […]

#BRES Blencowe Resources PLC – Corporate Presentation

Blencowe Resources is pleased to announce the release of an updated presentation following the completion of the DFC grant. The presentation can be viewed here and can be found on the Company’s website at https://blencoweresourcesplc.com/presentation/ For further information please contact:       Blencowe Resources Plc Sam Quinn   www.blencoweresourcesplc.com Tel: +44 (0)1624 681 250 […]

#BRES Blencowe Resources PLC – DFC Grant Completed

Orom-Cross is the first pre-production graphite project to achieve support from the Development Finance Corporation (“DFC”), a USA government backed finance provider DFC to co-fund the Definitive Feasibility Study (“DFS”) and also be lead partner for the project financing of the Orom-Cross into production Highlights: Ground-breaking technical assistance agreement signed with tier one financial institution […]

#BRES Blencowe Resources PLC – Bulk Sampling Completed

Completion of 100t Bulk Sample underlines high quality graphite product from Orom-Cross   Highlights: ·    Blencowe has now successfully completed critical pre-qualification metallurgical test work with 100t bulk sample works concluded in China. ·    Commercial scale results continue to confirm that a high-grade, low impurity concentrate (95-97% TGC) can be delivered from Orom-Cross graphite project […]

#BRES Blencowe Resources PLC – Bulk Sampling Update & China Visit

Highlights: ·    Blencowe has successfully completed a critical component of the Definitive Feasibility Study (“DFS”), with the successful scaled commercialisation of the flowsheet within the bulk sample processing at Chinese pilot plant graphite production facility. ·    Results continue to highlight a high-grade, low impurity concentrate can be delivered in bulk from Orom-Cross. ·    Several meetings […]