Blencowe Resources Plc provided an update of the progress of significant works currently underway across four continents as part of the DFS for its Orom-Cross graphite project in Northern Uganda. Test work is currently nearing completion on a number of phases critical for the meeting of staged milestone payments from the DFC and also for additional discussions with potential off-take firms, specifically for the large flake product generated by the project. Blencowe has progressed the excavation and packaging of an additional 600 tonne bulk sample for processing at the Jilian New Technology pilot plant facility in China.

This is over and above the initial 100 tonne bulk sample that was successfully processed by Jilian earlier in the year.  This larger sample will be used to confirm consistency of end products delivered via commercial scale processing and it will also provide larger quantities of tailings for test work on environmentally friendly tailings disposal.  In addition it will also provide larger scale bulk samples of concentrates for SPG testing. These will be used to confirm the downstream options for the project and provide larger samples of several tonnes to various tier one potential battery off-takers who have requested same for commercial quality testing. Tailings test work is nearing completion at IMO in Western Australia in line with the Company's philosophy to be one of the greenest graphite producers worldwide.

Test work completed to date has shown that the Company can remove up to 80% of the sulphur in the tailings and achieve significant benefits with drying the tailings and removal of acid drainage and wet tailings disposal.  With the substantial advantage of powering the entire mining operation via hydro-energy from the Ugandan national grid Blencowe wants to go even further in its quest for maximum sustainability, as top ESG credentials will be a major advantage ahead as well as a key differentiator to most other graphite projects that cannot match this. Expandability test work on the large flake from the Orom-Cross concentrate has again demonstrated the high quality and purity of the Orom-Cross graphite from all the laboratories which have indicated expansion volumes at the higher ends of industry average for moderate dosages of oxidant and acid wash. This coupled with the quality of the fines concentrate confirms overall highest quality and purity of the Orom-Cross end product in all graphite market segments.  This will bode well for offtake contracts and sales volumes.

Blencowe is now proceeding with additional metallurgical test work for other specialised market segments and to consider downstream processing as part of an enhanced value-add strategy for the project.