told investors this morning that further metallurgical test work will commence shortly on its Orom-Cross graphite project in Northern Uganda.
In a statement, the UK-based mineral exploration company said the test work will be critical to understanding the quality of the end-product that Orom-Cross can deliver as a high grade graphite concentrate, as well as what the process flow will look like to achieve this.
Blencowe announced that it has commissioned SGS Lakefield, to undertake further metallurgical assessment of the project to confirm Total Graphite Content (“TGC”) of +95%, high recoveries, concentrate grade and maximising flake sizing.
The aim of additional test work is to confirm the liberation pathway for increased recoveries and higher grade within the concentrate. If Blencowe is able to deliver a concentrate with these properties it will have a graphite product of considerable value, it explained.
Blencowe expects to complete the exercise by the end of 2020 but this remains dependent on business practises remaining normalised with all the challenges Covid-19 presents.
Shares in Blencowe moved up 3% in early morning trading following the announcement.
"The first phase of metallurgical test work completed during the Orom-Cross due diligence exercise provided evidence that the graphite concentrate could achieve minimum standard 94% TGC,” said Executive Chairman of Blencowe Resources, Cameron Pearce.
“This next phase of work is designed to take the product to the next level and is targeting a higher grade 95-97% TCG as well as increased recoveries,” he said. In recent weeks, Blencowe Resources has completed a 69 hole, 1950 meter diamond drilling programme, designed to deliver a maiden JORC Resource for Orom-Cross.
Both the drilling and metallurgical test work are integral parts of the development of this Project and both are required prior to commencement of a feasibility study later in the year.
Currently, drillhole samples from the Project are in transit to SGS Mwanza (Tanzania) for sample preparation which will prepare samples for grade assays and metallurgical test work.
“We are confident we can achieve these objectives and thus deliver a high quality product that will be higher up the price curve as well as in greater demand,” added Pearce.
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