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Blencowe Resources Achieves Successful Commercial-Scale Production Validation in Ongoing China Studies

23 August 2023 16:48

Blencowe Resources Plc (LON:BRES) has achieved a pivotal milestone, successfully completing a critical component of its Definitive Feasibility Study by realising commercial-scale graphite concentrate production at a Chinese pilot plant facility.

This accomplishment, part of the ongoing study for the Orom-Cross Graphite Project, underscores the potential for high-grade, low-impurity concentrate production, enhancing project viability and attracting industry wide attention.

The Orom-Cross Graphite Project

Situated in Uganda, the Orom-Cross Graphite Project has surfaced as a prospective global-scale graphite deposit distinguished by its substantial size and quality. With an inaugural JORC Indicated & Inferred Mineral Resource assessment of 24.5 million metric tonnes, it showcases a remarkable Total Graphite Content of 6.0%.

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Figure 1: The Orom-Cross Graphite Project location

The Project’s value lies in the substantial presence of larger graphite flakes within the deposit, positioning it favourably in a market that seeks these high-value components.

With a 21-year Mining Licence issued by the Ugandan Government in 2019, the Project has swiftly progressed into the Definitive Feasibility Study phase under Blencowe’s stewardship.

Successful Completion of Bulk Sample Processing

Blencowe’s collaboration with Jilin New Technology, a reputable graphite technical specialist firm based in northern China, has yielded promising results.

The ongoing 100-tonne bulk sample processing program has demonstrated the commercial processing viability of the Orom-Cross ores, with this milestone reflecting the Company’s dedication to advancing its project through rigorous testing and validation, laying the groundwork for future production scalability.

Strong Interest from Chinese Offtake Partners

The positive outcomes from the bulk sample processing have also garnered significant attention from leading Chinese graphite offtake firms.

The Company’s distribution of concentrate samples, based on the outcomes of IMO test work and Wuhan University’s 150kg test work, has led to a surge in inquiries from downstream offtake processors, with these entities interested in securing significant quantities of both larger flake concentrates and fines feedstock for specialised graphite processing.

This growing interest has spurred Blencowe to investigate domestic downstream processing of Orom-Cross concentrates, showcasing the Company’s commitment to enhancing the value chain and supporting local graphite industry growth.

BRES’s London Stock Exchange-listed share price is currently trading at 5.42 pence (4:30pm UTC+ 8 hours).

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