Blencowe Resources PLC (LSE:BRES) said recently completed studies on the metallurgical characterisation of flake graphite concentrate from its Orom-Cross project in Uganda are “very impressive” and will likely “generate significant interest”.
Production is planned from 2023 onwards.
The Orom-Cross graphite project has a unique ore body composition with specific element content that is unequal to other graphite projects. Key results from the lab work indicated that a high-quality end product can be produced.
Over the coming months, additional post processing work for new potential applications for Orom-Cross graphite products will be completed.
This work will support the progressive sales and marketing strategy focusing on both traditional and advanced graphite applications including both the primary and secondary battery markets where is it expected the demand for qualified graphite products will continue to expand and grow.
Executive chairman Cameron Pearce said Orom-Cross has the potential “to deliver some of the highest quality graphite concentrate into world markets.”
“End users are very discerning as to the quality of product they are seeking, hence these results are particularly encouraging in that our product can meet their high expectations, and thus provide our Project with a strong base of customers to sell into as we start selling graphite from next year. Orom-Cross is shaping up to become a world class graphite project in all respects.”
The project also has considerable size and scale to expand as necessary to meet anticipated strong future demand, and low operating costs.