Zak Mir talks with Mike Ralston about the latest company announcement, Acquisition of the Orom-Cross Graphite Project, Completion of oversubscribed £2m fundraise at 6p per share, Fully-Funded 2020 Work Program to enable maiden JORC Resource and readmission to the Standard List of the LSE.
The Company will undertake a significant and fully funded drilling campaign during 2020 to define a maiden JORC Resource on part of the broader 3.7 billion tonne graphite deposit.
Blencowe will also complete further metallurgical studies, targeting recoveries of 80% and 96- 97% TGC, thereby confirming a high-value product and enabling discussions with potential off-takers to commence.
Potential world-class graphite project both by size and by end-product quality
A large component of high-value jumbo and large flake product
Shallow open pit deposit = low strip ratio / free digging / low cost mining
Uganda is a stable African country
21-year mining licence in place