Research Note

RNS Number : 2751T

Blencowe Resources PLC

21 July 2022

 

21 July 2022

BLENCOWE RESOURCES PLC 

("Blencowe" or the "Company")

Research Note on Orom-Cross Graphite Project

Blencowe Resources ("Blencowe" or the "Company") (BRES:LON), is pleased to note the publication of a new research note by First Equity Limited on the Company's Orom-Cross graphite project, located in Uganda.

In the note, First Equity Limited, u sing the new PFS numbers, have updated their risked valuation model, based upon a revised NPV8 of $482m for Orom-Cross and by applying a 30% development/resource, 50% finance and 25% country risk factors to derive an estimated £105.4m (prev. £43m) value.

A £105.4m risked graphite project value equates to a price per share of 59p, which is more than double their previous 27p target and represents an uplift of around 18 times from the current share price.

Click here to read: https://blencoweresourcesplc.com/capital-structure/

**ENDS**

Contacts

Blencowe Resources Plc Sam Quinn (London Director)	www.blencoweresourcesplc.com [phone] [e-mail]
Investor Enquiries Sasha Sethi	Tel: [phone] [e-mail]
Tavira Securities Jonathan Evans	Tel: [phone] [e-mail]
First Equity Limited Jason Robertson	Tel: [phone] [e-mail]

 

END

 

 

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