02 March 2023
BLENCOWE RESOURCES PLC
("Blencowe" or the "Company")
Research Note on Orom-Cross Graphite Project
Blencowe Resources Plc (LSE: BRES) is pleased to note the publication of a new research Initiation report by Resolve Research Limited ("Resolve") on the Company's Orom-Cross graphite project, located in Uganda.
The Resolve note, titled "Blencowe Resources - Walking with Elephants" states that "Orom-Cross is fast becoming a Tier 1 project at an inflection point for graphite demand" and applies a "highly conservative discounted cash flow analysis using a 12% discount rate" to its valuation model.
The report (compiled using publicly available information) and which applies a 23p target price with a "Strong Buy stance" is available on the Company's website at the following link:
https://blencoweresourcesplc.com/wp-content/uploads/2023/03/Blencowe-Resources-Initiation-Report.pdf
For further information please contact:
| Blencowe Resources Plc
Sam Quinn |
+44 (0)1624 681 250 |
| Investor Enquiries Sasha Sethi
| Tel: +44 (0) 7891 677 441
|
| Tavira Securities Jonathan Evans
| Tel: +44 (0)20 3192 1733 |
| First Equity Limited Jason Robertson | Tel: +44 (0)20 7330 1883 |
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