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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Blencowe Resources Plc | LSE:BRES | London | Ordinary Share | GB00BFCMVS34 | ORD 0.5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.10 | -1.74% | 5.65 | 5.50 | 5.80 | 5.75 | 5.65 | 5.75 | 225,819 | 12:04:02 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Offices-holdng Companies,nec | 0 | -1.4M | -0.0067 | -8.43 | 11.83M |
TIDMBRES
RNS Number : 3508N
Blencowe Resources PLC
22 September 2023
Date: 22 September 2023
Blencowe Resources Plc
("Blencowe" or the "Company")
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 www.blencoweresourcesplc.com Sam Quinn Tel: +44 (0)1624 681 250 info@blencoweresourcesplc.com Investor Relations Tel: +44 (0) 7891 677 441 Sasha Sethi sasha@flowcomms.com Tavira Financial Tel: +44 (0)20 3192 1733 Jonathan Evans jonathan.evans@tavira.group First Equity Limited Tel: +44(0)20 7330 1833 Jason Robertson jasonrobertson@firstequitylimited.com
Twitter https://twitter.com/BlencoweRes
LinkedIn https://www.linkedin.com/company/72382491/admin/
Background
Orom-Cross Graphite Project
Orom-Cross is a potential world class graphite project both by size and end-product quality, with a high component of more valuable larger coarse flakes within the deposit.
A 21-year Mining Licence for the project was issued by the Ugandan Government in 2019 following extensive historical work on the deposit. Blencowe completed a successful Pre-Feasibility Study on the Project in July 2022 and is now within the Definitive Feasibility Study phase as it drives towards first production.
Orom-Cross presents as a large, shallow open-pitable deposit, with an initial JORC Indicated & Inferred Mineral Resource of 24.5Mt @ 6.0% TGC (Total Graphite Content). This Resource has been defined from only 2% of the total tenement area which presents considerable upside potential ahead. Development of the resource is expected to benefit from a low strip ratio and free dig operations together with abundant inexpensive hydro-electric power off the national grid, thereby ensuring low operating costs. With all major infrastructure available at or near to site the capital costs will also be relatively low in comparison to most graphite peers.
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(END) Dow Jones Newswires
September 22, 2023 02:05 ET (06:05 GMT)
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