Mike Ralston CEO of Blencowe Resources discusses their Maiden JORC Resource at their Orom-Cross graphite project

Mike Ralston CEO Blencowe Resources discusses their Maiden JORC Resource announced today for their Orom-Cross graphite project

Blencowe Resources Plc is pleased to announce its maiden JORC Mineral Resource Estimate at its 100% owned Orom-Cross graphite project in Uganda:

Highlights

·    JORC Indicated & Inferred Mineral Resource for Northern Syncline deposit of 16.3Mt @ 6.0% Total Graphite Content (4% TGC cut off), approximately double the targeted 8-10Mt.

·    Includes higher grade zones of 3Mt @ 8.1% TGC (7% TGC cut off).

·    Resources commence from surface to a depth of 30m, where drilling ended in mineralisation.

·    Drill results from higher grade Camp Lode deposit to be added into a further Orom-Cross JORC Resource statement ahead, further boosting both tonnes and average grade.

Orom-Cross is a potential world class graphite project both by size and end-product quality, with a high component of larger flakes identified from previous work performed. A 21-year Mining Licence was issued by the Ugandan Government in 2019 following extensive historical work on the deposit.

Orom-Cross presents as a large, shallow open pitable deposit, with an estimated resource in excess of 3 billion tonnes of graphite. Development of the resource is expected to benefit from a low strip ratio and free dig operations, thereby ensuring lower operating and capital costs.