Blencowe Resources Plc (LSE: BRES ), advancing the large-scale, high-quality Orom-Cross graphite project in Uganda, is pleased to release its latest corporate presentation, offering a detailed update on the Project's development and upcoming milestones.

Presentation Highlights:

  • Definitive Feasibility Study (DFS) near completion, targeted for Q4 2025
  • PFS delivered post-tax NPV8 of US$482M and 49% IRR8 with economics expected to be materially upgraded in the upcoming DFS
  • Strategic partnership with the US Development Finance Corporation (DFC), which has provided US$5M non-dilutive grant funding for the DFS
  • Offtake agreements signed that cover the full Phase One production.
  • Downstream value-add strategy to purify graphite to battery grade within Uganda underway
  • Targeting first production by end-2026, with plans to scale up from 10,000 tonnes to 175,000 tonnes production of concentrate
  • Strong ESG credentials, including 100% hydropower, net-zero mine strategy, and EU-linked offtake via Project SAFELOOP