focusIR’s Post

Graphite: Series1; Episode 5; Net Zero Mining Project In this fifth 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 environmental credentials of the Orom-Cross Graphite Project in Uganda. Watch the video here ▶ https://lnkd.in/eex_vVmC In the video, investors will learn: - Why ESG is so important to extraction companies in general and Blencowe in particular - Some of the Net Zero initiatives the Company is putting into place at Orom-Cross  - How the Company is keen to set up a blueprint for how mining companies should act - Why these initiatives are key to securing offtake and funding partners  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. #Graphite #BRES #Mining