Blencowe Resources PLC Research Note
March 02 2023 - 2:49AM
RNS Non-Regulatory
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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