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Blencowe Resources PLC on Monday said it has appointed engineering firm CPC Engineering to manage the definitive feasibility study at its Orom-Cross graphite project in Uganda.
The Uganda-focused mineral exploration and development company said CPC Engineering will lead, deliver and sign off on the DFS at Orom-Cross, citing the latter’s ‘extensive’ experience in other graphite projects in East Africa for other companies.
This includes completing the DFS for the Maniry graphite project in Madagascar, as well as the Mahenge and Chilalo graphite projects in Tanzania.
In Mozambique, CPC Engineering also conducted a scoping study for the Ancuabe graphite project and provided engineering, procurement, construction support and commissioning services for the Balama graphite project.
Blencowe said it was pleased to have partnered with CPC Engineering, a firm with ‘extensive’ experience in both graphite and flotation circuits.
‘We are pleased to add another high-quality partner to the Orom-Cross Project. CPC has a very impressive track record within the graphite market and we are now able to leverage off their skills, experience and relationships to ensure we deliver a first class DFS,’ said Executive Chair Cameron Pearce.
‘The graphite market continues to shift in our favour and we expect the supply-demand imbalance to widen further, as demand for graphite accelerates, given its material role within lithium-ion batteries. Orom-Cross has continued to exceed our expectations and we remain focused on delivering a world class project.’
‘CPC are recognised as one of the top tier engineering firms within the graphite sector and their sign off on the DFS will not only help optimise the project, but also provide the credibility required for project funding and market support.’
Jangada Mines PLC, which holds a 9.5% stake in Blencowe, noted the announcement.
Blencowe Resources shares were 3.5% lower at 4.68 pence each in London on Monday morning, while Jangada Mines shares fell 3.1% to 4.70p each.
By Greg Rosenvinge, Alliance News reporter
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