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Graphite: Series 1: Episode 4; Why Uganda is the perfect location for the Orom-Cross Project In this fourth episode in our six-part Introduction to Graphite series, Mike Ralston, CEO of Blencowe Resources, continues our look at the sought-after material and discusses the benefits of working in Uganda, location of the Orom-Cross Graphite Project. Watch the video here ▶ https://lnkd.in/eMNAw-JD In the video, investors will learn: - How stability impacts growth - How the Government is supporting the Project and the tax incentives available - Why tapping into hydro-electric energy supply is critical - What terms have already been agreed within the Mining License - What community support the Company will supply as the Project progresses  Reasons to follow Blencowe Resources: - Developing World Class graphite deposit in Uganda; estimated deposit 2-3 billion tonnes graphite, near-to-surface.  - Pre-Feasibility Study (2022) indicates long-life, high margin, low CAPEX mining operation with a post-tax NPV8 of US$482M.  - 21 year Mining License awarded in 2019 and all other permits in place  - US$5M grant awarded by Development Finance Corporation, a tier one US financial institution, to co-fund DFS and provide a project funding solution ahead  - DFS underway, Phase 2 metallurgical test work completed, bulk sample testing in China underway  - Strong Government and local community support  - East African graphite considered as premier grade worldwide. Substantial percentage of higher value large flake product.  - Feasibility Studies underway for downstream beneficiation in-country to deliver higher weighted average sale price.  - First production targeted 2025  To keep up to date with developments at BRES, add them to your watchlist.   #BRES #Graphite #Mining #Uganda 

Graphite: Series 1: Episode 4; Why Uganda is the perfect location for the Orom-Cross Project

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