23 August 2023
Blencowe Resources
Holdings - Spreadex Ltd
Blencowe Resources Plc ("Blencowe" or the "Company"), is pleased to advise that it was notified on 21 August 2023 that Spreadex Ltd have notified that they no longer have a notifiable interest in the Company.
**Ends**
For further information please contact:
|
Blencowe Resources Plc Sam Quinn |
www.blencoweresourcesplc.com Tel: +44 (0)1624 681 250
|
| Investor Relations Sasha Sethi | Tel: +44 (0) 7891 677 441
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| Tavira Financial Jonathan Evans | Tel: +44 (0)20 3192 1733 jonathan.evans@tavira.group
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| First Equity Limited Jason Robertson | Tel: +44(0)20 7330 1833 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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