Blencowe Resources PLC Bulk Sampling Update & China Visit (2032J)
14 Agosto 2023 - 8:57AM
UK Regulatory
TIDMBRES
RNS Number : 2032J
Blencowe Resources PLC
14 August 2023
Date: 14 August 2023
Blencowe Resources Plc
Confirmation of Commercial-Scaled Production Ability from
Ongoing Studies in China
Highlights:
-- Blencowe has successfully completed a critical component of
the Definitive Feasibility Study ("DFS"), with the successful
scaled commercialisation of the flowsheet within the bulk sample
processing at Chinese pilot plant graphite production facility.
-- Results continue to highlight a high-grade, low impurity
concentrate can be delivered in bulk from Orom-Cross.
-- Several meetings held with leading Chinese graphite offtake
firms seeking both large flake and fines concentrates.
-- Ugandan mining officials visited China with Blencowe and were
shown the process facility in support of the project.
-- Blencowe now approached for downstream processing opportunities.
Blencowe Resources Plc ("Blencowe" or the "Company"), is pleased
to provide an update on the 100 tonne bulk sample processing
program currently underway. The work is being completed by a
leading graphite technical specialist firm, Jilin New Technology,
based in Yanji Province in northern China. This experienced
graphite facility has been conducting similar test work on several
other leading East African graphite projects over the past few
years.
The Company is expecting the bulk sample test program to be
completed by the end of August.
Senior Company personnel travelled to China recently to review
the progress on the bulk sample processing and broaden
relationships in this key market. Accompanying the COO was the
Company's Ugandan Country Manager and a representative of the
Ugandan Directorate of Geological Survey and Mines (DGSM), with the
express purpose of evaluating the progress of the processing and to
demonstrate the full process for the Ugandan Government.
Following a refinement of the Pre-Feasibility Study processing
methodology by Wuhan University specialists, Blencowe wished to
confirm directly with the pilot plant operators the expected
improvements in both overall recovery and concentrate grades and
secure early samples for delivery to potential offtake partners,
following a marked increase in interest for the projects'
concentrate within China. The 100 tonne pilot plant process is
currently nearing completion and to date it is confirming the
commercial processing viability of the Orom-Cross ores. The Company
also visited operating graphite plants and graphite processing
equipment suppliers.
Following the distribution of concentrate samples to potential
end users from the IMO test work and Wuhan University 150kg test
work, several large downstream offtake processors requested
meetings to discuss timing and availability of the high-grade, low
impurity concentrates from the Orom-Cross project. The offtake
meetings involved firms seeking substantial quantities of both
larger flake concentrates and fines feedstock for the SPG
processors. Several downstream processing firms have expressed
interest in opportunities to explore in-country downstream
processing of the Orom-Cross concentrates and Blencowe will
consider this within the DFS that is underway.
Blencowe was pleased to be able to escort a representative of
the Ugandan Directorate of Geological Survey and Mines to view the
final processing of the bulk sample. Blencowe invited the DGSM
representative to view the process in order to continue to develop
a better understanding of the processing technology involved, to
foster a deeper overall understanding of the project within Uganda,
and to continue to work in partnership with the Government in order
to develop the project.
For further information please contact:
Blencowe Resources Plc www.blencoweresourcesplc.com
Sam Quinn Tel: +44 (0)1624 681 250
info@blencoweresourcesplc.com
Investor Relations Tel: +44 (0) 7891 677 441
Sasha Sethi sasha@flowcomms.com
Tavira Financial Tel: +44 (0)20 3192 1733
Jonathan Evans jonathan.evans@tavira.group
First Equity Limited Tel: +44(0)20 7330 1833
Jason Robertson jasonrobertson@firstequitylimited.com
Twitter https://twitter.com/BlencoweRes
LinkedIn https://www.linkedin.com/company/72382491/admin/
Background
Orom-Cross Graphite Project
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 has moved into the Definitive Feasibility
Study phase as it drives towards first production.
Orom-Cross presents as a large, shallow open-pitable deposit,
with a maiden JORC Indicated & Inferred Mineral Resource
deposit of 24.5Mt @ 6.0% Total Graphite Content. Development of the
resource is expected to benefit from a low strip ratio and free dig
operations, thereby ensuring lower operating and capital costs.
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