Mike Ralston from Blencowe Resources says the pre-feasibility study for its Orom-Cross graphite project in Uganda underlines it is a' world class asset'.
The study shows Orom-Cross to have a net present value of US$482mln, a 52% boost on the number previously ascribed to it in an earlier preliminary economic assessment
That is an outstanding result, he adds, especially with the capex requirement also reducing and graphite prices starting to tick up.