Blencowe Assets Plc (LSE: BRES), advancing the large-scale, high-quality Orom-Cross graphite challenge in Uganda, is happy to launch its newest company presentation, providing an in depth replace on the Challenge’s improvement and upcoming milestones.
Presentation Highlights:
· Definitive Feasibility Research (DFS) close to completion, focused for This fall 2025
· PFS delivered post-tax NPV8 of US$482M and 49% IRR8 with economics anticipated to be materially upgraded within the upcoming DFS
· Strategic partnership with the US Improvement Finance Company (DFC), which has supplied US$5M non-dilutive grant funding for the DFS
· Offtake agreements signed that cowl the total Part One manufacturing.
· Downstream value-add technique to purify graphite to battery grade inside Uganda underway
· Focusing on first manufacturing by end-2026, with plans to scale up from 10,000 tonnes to 175,000 tonnes manufacturing of focus
· Robust ESG credentials, together with 100% hydropower, net-zero mine technique, and EU-linked offtake through Challenge SAFELOOP
The total presentation is out there on the Firm’s web site:
https://blencoweresourcesplc.com/wp-content/uploads/2025/09/Blencowe-Presentation-Sept-2025.pdf
Blencowe’s CEO Mike Ralston commented:
“Orom-Cross is constructing robust momentum as we method DFS completion. Forward of the research’s conclusion, we count on the primary in a collection of assay outcomes from our latest profitable infill drilling marketing campaign, which is able to underpin a cloth useful resource improve and significantly improve challenge economics.”
“Along with our strategic partnerships, our established infrastructure at web site and our robust ESG credentials, we’re positioning Orom-Cross to enter the financing section as a considerably de-risked and globally aggressive graphite challenge.”
For additional info please contact:
Blencowe Assets Plc Sam Quinn (London Director) |
information@blencoweresourcesplc.com +44 (0)1624 681 250 |
Investor Enquiries Sasha Sethi |
Tel: +44 (0) 7891 677 441 sasha@flowcomms.com |
Tavira Securities Jonathan Evans |
Tel: +44 (0)20 3192 1733 jonathan.evans@tavirasecurities.com |
Twitter https://twitter.com/BlencoweRes
LinkedIn https://www.linkedin.com/firm/72382491/admin/
Background
Orom-Cross Graphite Challenge
Orom-Cross is a possible world class graphite challenge each by dimension and end-product high quality, with a excessive part of extra invaluable bigger coarse flakes throughout the deposit.
A 21-year Mining Licence for the challenge was issued by the Ugandan Authorities in 2019 following intensive historic work on the deposit. Blencowe has already accomplished a profitable Pre-Feasibility Research on the Challenge and is now throughout the last stage of the Definitive Feasibility Research section because it drives in the direction of first manufacturing.
Orom-Cross presents as a big, shallow open-pitable deposit, with an preliminary JORC Indicated & Inferred Mineral Useful resource of 24.5Mt @ 6.0% TGC (Whole Graphite Content material). This Useful resource has been outlined from solely ~2% of the entire tenement space which presents appreciable upside potential forward.
Improvement of the useful resource is anticipated to profit from a low strip ratio and free dig operations along with plentiful cheap hydro-electric energy off the nationwide grid, thereby making certain low working prices. With all main infrastructure out there at or close to to web site the capital prices may also be comparatively low compared to most graphite friends.
Click on right here for the total Press Launch