Name of the Project
Orom-Cross graphite project.

Location
Uganda.

Project Owner/s
Blencowe Resources.

Project Description
Orom-Cross is a large, shallow openpit deposit, with an estimated overall resource of between two-billion and three-billion tonnes of graphite. A total of 16.3-million tonnes have been drilled to Joint Ore Resource standard.

A preliminary economic assessment (PEA) envisages an openpit, owner-operated mining operation.

The project will use existing indicated and inferred resources as drilled to Joint Ore Reserves Committee resource standards, delivering an estimated 1.4-million tonnes a year of ore for processing through the plant over a 13-year mine life. The strip ratio is 1: 1.1, which is low. 

The plant will contain separate circuits that will, ultimately, deliver an average of 75 000 t/y, comprising four separate end-products – jumbo, large, medium and small flake-size concentrates.

Potential Job Creation
A workforce of about 45 will be on site at any time, some of whom will be a fly-in, fly-out contingent from international locations.

Net Present Value/Internal Rate of Return
The project has a net present value, at an 8% discount rate, of $317-million and an internal rate of return of 49%, with a payback on capital of four years.

Capital Expenditure
The project has an initial capital cost of $80-million, inclusive of 15% contingency.

Planned Start/End Date
Not stated.

Latest Developments
None stated.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
Blencowe Resources, tel +44 1624 681 250 or email info@blencoweresourcesplc.com.