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 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 […]

Blencowe Resources #BRES Acquires Nickel Sulphide Project in Uganda

Blencowe Acquires Right to Earn-into Highly Prospective Akelikongo Nickel Sulphide and Copper Project (“Project”) located near to existing Orom-Cross Project in Northern Uganda. Akelikongo further enhances emerging portfolio of Battery Metals Minerals Highlights ·   Acquisition represents a very exciting opportunity for Blencowe to add a highly prospective nickel sulphide project to its existing world class Orom-Cross graphite […]

Blencowe Resources #BRES – Over-Subscribed £2m Capital Raise

Company now fully funded through next 12 months of Project development, including Pre-Feasibility Study Highlights; Ø Over-Subscribed £2m fund-raise, including subscriptions from Blencowe Board Ø Orom-Cross now fully funded through to completion of PFS Ø Outlook for graphite market continues to strengthen, driven by EV sector Blencowe Resources (LSE: BRES) (Blencowe or the Company) is […]

Blencowe Resources #BRES Completes Second Successful Drilling Program at Orom-Cross Project

The Company is pleased to provide a further update to the comprehensive JORC Resource diamond drilling program that has been completed on its Orom-Cross Graphite Project in Northern Uganda. Highlights ·    Another successful drilling campaign now completed. ·    An additional 38 infill holes totalling 1,140m was completed in the Northern Syncline and a further 36 […]

Blencowe Resources #BRES – Placing to Raise £235,000

Blencowe Resources, the natural resources company focussed on the development of the Orom-Cross Graphite Project in Uganda, is pleased to announce that it has raised £235,000 in a placing at 6 pence per share through the issue of 3,925,000 new ordinary shares (“Placing”). Also, the placees will receive one warrant per every two placing share […]