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 […]
Blencowe Resources #BRES confirms Successful Infill Drilling on Northern Syncline Lode at Orom-Cross Graphite Project
Blencowe is pleased to provide a further update to the comprehensive JORC Resource diamond drilling program that was completed in 2H 2021 on its Orom-Cross Graphite Project in Uganda Highlights · Drilling at the Northern Syncline Lode delivers some outstanding high grade graphite results in the oxide zone including: o ORNS-L902, 11 metres at 9.01%TGC […]
Blencowe Resources #BRES – Update on Work Programme for 2022 and Appointment of Country General Manager
Blencowe Resources Plc (“Blencowe Resources” or the “Company”) (LSE: BRES) is pleased to announce and update on all activities for 2022 as it seeks to drive its flagship Orom-Cross Graphite Project towards first production in 2023. Highlights Revised, upgraded JORC Standard Resource imminent Further metallurgical test work underway with SGS in Canada Initial Sales and […]
Blencowe Resources #BRES – Mike Ralston discusses the fundraise and how the funds raised will be used to develop the Orom Cross graphite project
Blencowe CEO Mike Ralston discusses the oversubscribed £2m fundraise and how the funds raised will be used to develop the Orom Cross graphite project Link here to listen
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 – Orom-Cross PEA Shows Potential for Long Life, Highly Profitable Graphite Project
Results of internal Preliminary Economic Assessment (“PEA”) demonstrate compelling case for the development of a major new graphite project, paving the way for a Pre-Feasibility Study. Highlights Low operating costs and robust financials for mining operation: · Net Present Value (NPV 8 ) of US$317M / IRR 49% over 13-year life of mine from 2025. · Average nameplate production of […]
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 – Invitation to Webinar
Blencowe Resources is pleased to invite investors to an investor webinar, hosted by Shares Magazine where CEO Mike Ralston will present Blencowe’s plans to develop our potentially world-class Orom-Cross Graphite Project followed by an audience Q&A on Wednesday, Jul 21, 17:30 PM BST. The webinar is open to all existing shareholders or potential investors. To participate […]