Blencowe Resources Plc (LSE:BRES) announces assay results from its recently discovered Beehive deposit showing thick near-surface mineralisation with data from the first 35 of 110 shallow drill holes supporting the Company’s thesis of ‘bulk-mineable near-surface’ potential at the company’s Orom-Cross graphite project in Uganda.
Chief Executive Office, Mike Ralston, describes the results as “exceptional” with further assay results expected in the quick succession.
In this interview investors will learn:
- What the higher-grade assay results from Beehive means for the recently increased JORC resource for Orom Cross
- How significant Beehive is becoming to the entire project
- What is happening to the funding situation for Orom Cross as it progresses from an ‘outstanding’ DFS stage to first production
- Which headlines are likely to be forthcoming from Blencowe
- How the conflict in the Middle East is impacting the graphite sector and Blencowe’s business model
Reasons to add Blencowe Resources Plc (LSE:BRES) to your watchlist:
- 100% owner of the Orom-Cross Graphite project in Uganda, one of the world's largest estimated graphite deposits
- Lowest percentile operating costs, low capital startup requirements, with proven end product
- DFS results include US$2bn free cashflow over the initial 15 years Life-Of-Mine
- Has received full Minerals Security Partnership accreditation
- Received US$5m grant from the DFC, LoI for funding from the AFC and is a member of the international SAFELOOP consortium
- Plans to build an in-country downstream purification facility
- First production expected in 2027
Mike Ralston, CEO of Blencowe Resources was interviewed for focusIR by Sarah Lowther.
