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An update from Blencowe Resources Plc ( (GB:BRES) ) is now available.
Blencowe Resources Plc has commenced its Phase 7 exploration drilling program at the Orom-Cross graphite project in Uganda, aiming to expand and upgrade its mineral resource inventory. The 6,750-meter drilling campaign is essential for completing the Definitive Feasibility Study and involves upgrading resources to measured status and exploring new high-grade targets. This initiative is crucial for supporting higher production levels and ensuring a longer mine life, marking a significant step towards the project’s first production phase.
More about Blencowe Resources Plc
Blencowe Resources Plc operates in the mining industry, focusing primarily on graphite extraction and processing. The company is engaged in developing the Orom-Cross Graphite Project in Uganda, which is recognized for its large, high-quality deposits. Blencowe aims to produce spheronised, purified graphite with downstream processing partners and has received significant support, including a US$5 million grant from the US Government.
YTD Price Performance: 0.0%
Average Trading Volume: 745,210
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £11.07M
For a thorough assessment of BRES stock, go to TipRanks’ Stock Analysis page.
