The 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 second of a six-part series, Blencowe Resources (BRES) CEO, Mike Ralston, will introduce investors to the hurdles regarding graphite supply.
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.
