Blencowe Resources updates corporate strategy

Published 12/10/2024, 06:08 PM
BRESB
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LONDON - Blencowe Resources PLC (LSE: BRES), a graphite development company, announced today the publication of an updated corporate presentation detailing its strategy and progress at the Orom-Cross Graphite Project in Uganda. The presentation, available on the company's website, outlines a series of recent developments aimed at enhancing the project's value and positioning the company within the graphite sector.

Key highlights from the updated presentation include the advancement of a Definitive Feasibility Study (DFS) and drilling campaigns that target an increase in JORC-compliant resources and reserves. Additionally, Blencowe has unveiled plans for a facility to produce spheronised, purified graphite (SPG), which is expected to yield higher-margin products.

The company has also established tier-one partnerships, notably with the EU-backed SAFELOOP program, which could lead to premium pricing opportunities and substantial offtake potential. A clear roadmap to production was another focal point of the presentation, outlining upcoming milestones and key catalysts.

Blencowe's CEO, Mike Ralston, is set to further discuss these developments and the company's strategy during a live Q&A session on the SmallCapPix.com investor platform on X (formerly Twitter) at 12 noon UK time today. Investors are invited to join the session live or access a recording that will be made available shortly after.

The presentation and subsequent Q&A session aim to provide investors with a comprehensive understanding of Blencowe's approach to differentiating itself from competitors and its strategy for downstream integration to capture a greater share of the graphite market.

This news is based on a press release statement from Blencowe Resources PLC.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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