TIDMBRES

Blencowe Resources PLC

02 March 2023

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   www.blencoweresourcesplc.com 
 
  Sam Quinn                info@blencoweresourcesplc.com 
                           +44 (0)1624 681 250 
 Investor Enquiries       Tel: +44 (0) 7891 677 441 
  Sasha Sethi              sasha@flowcomms.com 
 Tavira Securities        Tel: +44 (0)20 3192 1733 
  Jonathan Evans           jonathan.evans@tavirasecurities.com 
 First Equity Limited     Tel: +44 (0)20 7330 1883 
  Jason Robertson          jasonrobertson@firstequitylimited.com

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END

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March 02, 2023 02:49 ET (07:49 GMT)

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