Blencowe Resources PLC Appointment of SGS Lakefield (0020V)
August 04 2020 - 1:00AM
UK Regulatory
TIDMBRES
RNS Number : 0020V
Blencowe Resources PLC
04 August 2020
Date: 4 August 2020 Blencowe Resources
("Blencowe" or the "Company")
Appointment of SGS Lakefield to complete Metallurgical Test Work
for Orom-Cross Project
The Company is pleased to announce that further metallurgical
test work will commence shortly on its Orom-Cross graphite project
in Northern Uganda. This work is critical to understanding the
quality of the end-product that Orom-Cross can deliver as a high
grade graphite concentrate, as well as what the process flow will
look like to achieve this.
Blencowe has recently completed a 69 hole, 1950 meter diamond
drilling programme, designed to deliver a maiden JORC Resource for
Orom-Cross. Both the drilling and metallurgical test work are
integral parts of the development of this Project and both are
required prior to commencement of a feasibility study later in the
year.
Drillhole samples from the Project are currently in transit to
SGS Mwanza (Tanzania) for sample preparation which will prepare
samples for grade assays and metallurgical test work.
Following the closure of previous metallurgy partner Metzana,
and after evaluation of several organisations, Blencowe is pleased
to announce that it has appointed SGS Lakefield (Canada), to
conduct further metallurgical assessment of the project. SGS
Lakefield have extensive experience in graphite assessment with
contribution to over 25 projects in recent years, and several of
these have been in East Africa and in similar oxide environments to
Orom-Cross.
SGS Lakefield have been commissioned by Blencowe to undertake a
metallurgical test work program to confirm Total Graphite Content
(TGC) of +95%, high recoveries, concentrate grade and maximising
flake sizing. The aim of the additional test work is to confirm the
liberation pathway for increased recoveries and higher grade within
the concentrate.
Highlights;
The objectives of this Phase Two metallurgical test work are as
follows:
-- Confirm a 95-97% TGC (Total Graphite Content) pure
concentrate is possible with low impurities (Thorium and
Vanadium).
-- Confirm 80% recovery is achievable for this concentrate.
-- Confirm the liberation process in order to maintain a
majority of Jumbo/XL/Large flakes within the concentrate.
-- Confirm the process flow diagram for plant design as part of
the forthcoming Feasibility Study.
-- Deliver bulk concentrate to allow Blencowe to initiate
discussions with potential off-take partners.
If Blencowe is able to deliver a concentrate with these
properties it will have a graphite product of considerable value.
Expected timing to complete this exercise is by the end of 2020 but
this remains dependant on business practises remaining normalised
with all the challenges Covid-19 presents.
Executive Chairman Cameron Pearce commented ;
"The first phase of metallurgical test work completed during the
Orom-Cross due diligence exercise provided evidence that the
graphite concentrate could achieve minimum standard 94% TGC. This
next phase of work is designed to take the product to the next
level and is targeting a higher grade 95-97% TCG as well as
increased recoveries.
We are confident we can achieve these objectives and thus
deliver a high quality product that will be higher up the price
curve as well as in greater demand.
Thereafter we intend to use these results to assist with process
flow and plant design, whilst at the same time we will have a
better understanding of the end-product that we can ultimately sell
into world markets."
For further information please contact:
Blencowe Resources Plc
Sam Quinn (London Director)
www.blencoweresourcesplc.com
Tel: +44 (0)1624 681 250
info@blencoweresorcesplc.com
Brandon Hill Capital Limited
Jonathan Evans (Corporate Finance) Tel: +44 (0)20 3463 5000
jonathan.evans@brandonhillcapital.com
Background
Orom-Cross is a potential world class graphite project both by
size and end-product quality, with a high component of larger
flakes identified from previous work performed. A 21-year Mining
Licence was issued by the Ugandan Government in 2019 following
extensive historical work on the deposit.
Orom-Cross presents as a large, shallow open pitable deposit,
with an estimated resource in excess of 3 billion tonnes of
graphite. 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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END
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