Blencowe Resources PLC Investor Evening

TIDMBRES

Blencowe Resources PLC

06 May 2022

Date: 6 May 2022

Blencowe Resources Plc

("Blencowe" or the "Company")

Investor Evening - Thursday 12 May 2022

Blencowe Resources would be pleased to welcome current shareholders and potential investors to an Investor Evening on Thursday 12 May 2022 in the City of London.

The event will take place from 6pm for a 6:30pm start in The Partner Room at The Counting House, 50 Cornhill, EC3V 3PD - this is close to Bank station.

Following their return from in-country visits to Uganda, the Company will provide a short presentation followed by opportunities for Investor / Management Q&A and networking.

Hospitality will be provided - to help the Company plan for numbers, it would be appreciated if interested attendees could please RSVP using the following link:

https://tinyurl.com/35drrxms

Alternatively, RSVPs and other queries can be directed to [e-mail]

Executive Chairman Cameron Pearce commented:

"Until recently, opportunities to meet with our UK based investors have been limited and our management team look forward to being able to meet with investors both at this event and in a short non-deal roadshow on our way back from overdue site in-country visits. We have recently released a series of positive operational updates and progress on the project is gathering pace quickly; at this event we look forward to updating shareholders in person on progress to date on both our projects."

For further information please contact:

 
  Blencowe Resources Plc   www.blencoweresourcesplc.com 
   Sam Quinn                Tel: [phone] 
                            [e-mail] 
 Investor Relations        Tel: [phone] 
  Sasha Sethi               [e-mail] 
 Tavira Securities         Tel: [phone] 
  Jonathan Evans            [e-mail] 
 First Equity Limited      Tel: [phone] 
  Jason Robertson           [e-mail] 
 

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 and Blencowe is moving through the Feasibility Study phase as it drives towards first production targeted for 2023.

Orom-Cross presents as a large, shallow open-pitable deposit, with a maiden JORC Indicated & Inferred Mineral Resource deposit of 24.5Mt @ 6.0% Total Graphite Content. Development of the resource is expected to benefit from a low strip ratio and free dig operations, thereby ensuring lower operating and capital costs.

Akelikongo Nickel Project

Akelikongo is a highly prospective nickel sulphide exploration project that has previously had considerable work completed by Rio Tinto and Sipa to establish three mineralised lenses to date. It represents an opportunity for Blencowe to add further value through a targeted work programme that will seek to delineate higher grade and thicker intercepts of nickel.

Nickel sulphide deposits are rare and valuable and the prospect of further exploration success gives Blencowe suitable incentive to develop this asset under a structured earn-in agreement, whereby 100% of the asset can ultimately be acquired for US$1.5m, 100% payable in shares.

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May 06, 2022 09:09 ET (13:09 GMT)