Blencowe Resources #BRES relinquishes Akelikongo Nickel Project to focus on Orom-Cross
Blencowe Resources Plc (“Blencowe Resources” or the “Company”) (LSE: BRES) announces that is has terminated its agreement with SIPA Resources (“SIPA”) with respect to the Akelikongo nickel project. The decision by Blencowe to terminate the agreement means it is no longer required to issue US$350,000 of shares to SIPA as part of the consideration following […]
Blencowe Resources #BRES – Major Milestone as Blencowe Delivers Substantial Pre-Feasibility Study for Orom-Cross Graphite Project
Highlights Pre-Feasibility Study (PFS) completed on time and under budget. PFS indicates a robust, long-term, profitable graphite mining operation at Orom-Cross. Highlights include: Initial life of mine 14 years which can be further incremented by additional drilling. Net Present Value (post-tax) of US$496M / IRR (post-tax) of 50%. Operating cost (FOB Mombasa port) of US$499/t, […]
Blencowe Resources #BRES Engages Leading Global Sustainability Consulting Firm ERM to Build Strong ESG Platform
Blencowe Resources (“Blencowe” or the “Company”) is pleased to announce that is has engaged with one of the leading worldwide consultancy firms specifically relating to life cycle sustainability and ESG (environmental, social and governance) credentials. ERM has led the way in this field globally for some time and their involvement with Blencowe will greatly assist […]
Blencowe Resources #BRES Provides PFS Update for Orom-Cross Graphite Project in Uganda
Blencowe moving to complete PFS on Priority Project by mid-year as precursor to implementing First Graphite Production from 2023 Highlights · Blencowe acquired world class Orom-Cross graphite project less than 2 years ago; has been on fast-track development towards production ever since. · Extensive infill drilling programme was completed in 2021 to provide updated JORC […]