Blencowe Resources #BRES – Approach from Potential Strategic Party in China

Blencowe Resources Plc (“Blencowe Resources” or the “Company”) (LSE: BRES) is pleased to announce it has received an approach from a group in China that has the potential to ultimately provide an offtake, funding and development scenario for its 100% owned Orom-Cross graphite project in Uganda. Highlights: Approach received from a strategic party in China […]

Blencowe Resources #BRES – Definitive Feasibility Study Commences on Orom-Cross Graphite Project

Blencowe Resources Plc (“Blencowe Resources” or the “Company”) (LSE: BRES) is pleased to announce that it has commenced the Definitive Feasibility Study for its flagship Orom-Cross graphite project located in Uganda, East Africa. Highlights ·    Definitive Feasibility Study (DFS) commences with target completion date 2H-2023. ·    Engagement with specialist graphite engineering firm to manage the […]

Blencowe Resources #BRES – Pre-Feasibility Study Results for Orom-Cross

Pre-Feasibility Study (PFS) Highlights: o  Net Present Value (post-tax) of US$482M, a 52% increase on previously reported Preliminary Economic Assessment (PEA) o  IRR (post-tax) of 49% o  14-year mine life, which can be increased by additional drilling o  US$499/t operating cost (FOB Mombasa port), underlining one of the lowest cost graphite projects worldwide o  US$1,307/t weighted average sales price for […]

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 – Updated Corporate Presentation

Blencowe Resources (BRES:LON), is pleased to announce that an updated corporate presentation has been uploaded to the ‘Investors’ section of the Company’s website incorporating updates relating to its Orom-Cross graphite project with regard to the Pre Feasibility Study. The presentation can be found at this link : https://www.rns-pdf.londonstockexchange.com/rns/9443S_1-2022-7-19.pdf The Company’s website address is www.blencoweresourcesplc.com **ENDS** Contacts […]

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 – Investor Webinar Call

  Blencowe Resources (BRES:LON), is pleased to announce that it will host a shareholder conference call and Q&A via Zoom conferencing on Monday 11 April 2022 at 12:00pm UK time (19:00pm WST time). The call will be hosted by Blencowe’s CEO, Mike Ralston who will discuss the Company’s updated JORC Mineral Resource Estimate, as well […]