Blencowe Resources engages ESG specialist to advise on work at Orom-Cross
Blencowe is already taking several initiatives to enhance the ESG credentials of Orom-Cross
Company
LON:BRES
Blencowe Resources PLC is aiming to develop the Orom-Cross Graphite Project in Uganda. Orom-Cross is a potential world-class graphite project both by size and end-product quality, with a high component of more valuable larger flakes within the deposit. A 21-year mining licence for the project was issued by the Ugandan Government in 2019 following extensive historical work on the deposit and Blencowe is moving through the feasibility study phase.
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Blencowe is already taking several initiatives to enhance the ESG credentials of Orom-Cross
The pre-feasibility study is due for completion in mid-2022
The Akelikongo project underlines Blencowe's ambition to become a diversified producer of high-quality source materials for the battery metals industry
Demand for graphite is expected to soar as the electric vehicle market continues to grow
Work at the Orom-Cross graphite project is already well advanced
Graphite is much in demand from the burgeoning electric vehicle sector
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A new resource for Orom-Cross is expected to be released shortly
A PEA was delivered before the end of September and highlighted strong economic returns from a profitable mining venture. The PEA will provide the groundwork for a PFS, due this year.
"We expect considerable news flow... during the first quarter of 2022"
The graphite market could be set for an upward move, given the widespread use of graphite in electric vehicle batteries
"We are pleased that the share register has been strengthened following these on market share purchases."
The company said the PFS is due for completion in mid-2022
Lone Star will help with the marketing and sale of graphite from Blencowe's Orom-Cross project in Uganda
First Equity gives the thumbs up to the company's Uganda graphite property