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Blencowe Resources Plc ( (GB:BRES) ) has provided an update.
Blencowe Resources has successfully completed the infill drilling phase of its 6,750m program at the Orom-Cross graphite project in Uganda, aiming to convert existing resources into reserves and expand its resource base. This progress, including the completion of geotechnical drilling and infrastructure upgrades, positions Orom-Cross as a leading graphite project globally, with potential for increased production and extended mine life, thereby strengthening Blencowe’s industry standing.
More about Blencowe Resources Plc
Blencowe Resources Plc operates in the mining industry, focusing on the exploration and development of graphite resources. Its primary project, Orom-Cross in Uganda, is a significant graphite deposit known for its high-quality, large flake graphite. The company aims to enhance its market position by expanding its resource base and advancing towards production.
YTD Price Performance: -12.00%
Average Trading Volume: 650,658
Technical Sentiment Signal: Buy
Current Market Cap: £9.74M
For an in-depth examination of BRES stock, go to TipRanks’ Stock Analysis page.