focusIR Fundamentals: Graphite: Episode 2 - Graphite Supply

In this second of a six-part series, Blencowe Resources (#BRES) CEO, Mike Ralston, introduces investors to the hurdles regarding graphite supply.

Demand for natural flake graphite is expected to rise substantially. According to industry forecasts, this growth will be driven predominantly by the expanding lithium-ion battery market. As the world continues its transition to greener technologies, natural flake graphite's role in energy storage will solidify its position as a strategic material, with demand projected to outstrip current supply within the next decade.

In this video, investors will learn:

- The 3 key requirements for a successful graphite project

- Why a pre-qualification process is so important

- The risks involved with relying on purely small flake production

- How all these factors impact funding and supply

Reasons to follow Blencowe Resources
- Developing World Class graphite deposit in Uganda; estimated deposit 2-3 billion tonnes graphite, near-to-surface.
- Pre-Feasibility Study (2022) indicates long-life, high margin, low CAPEX mining operation with a post-tax NPV8 of US$482M.
- 21 year Mining License awarded in 2019 and all other permits in place
- US$5M grant awarded by Development Finance Corporation, a tier one US financial institution, to co-fund DFS and provide a project funding solution ahead
- DFS underway, Phase 2 metallurgical test work completed, bulk sample testing in China underway
- Strong Government and local community support
- East African graphite considered as premier grade worldwide. Substantial percentage of higher value large flake product.
- Feasibility Studies underway for downstream beneficiation in-country to deliver higher weighted average sale price.
- First production targeted 2025

To keep up to date with developments at BRES, add them to your watchlist.

#BRES #Graphite #Mining #Uganda