Blencowe Resources PLC (LSE:BRES) CEO Mike Ralston talked with Proactive's Stephen Gunnion at Resourcing Tomorrow 2025 about the company’s just-released Definitive Feasibility Study (DFS) for its Orom-Cross graphite project.
Ralston shared key highlights from the DFS, which includes a 15-year life-of-mine and forecasts a net present value (NPV) of US$1.087 billion with a 96% internal rate of return (IRR). According to Ralston, "It’s just an incredible project that... we've always believed is unique, at a time where the world needs a lot of graphite."
The company has only explored around 2% of its tenement area, suggesting a much longer production potential beyond the initial plan. The demand outlook for graphite remains strong due to its non-replaceable role in lithium-ion batteries used in electric vehicles and renewable energy storage. Ralston emphasised growing market forecasts, suggesting 1.5 million tonnes per annum could increase to 3 million tonnes by 2030.
Looking ahead, Ralston outlined several upcoming catalysts for investors. These include results from a recent drilling program, a JORC resource update, offtake agreements, and progress on a two-stage funding plan. He also noted upcoming investor meetings in the US, where interest in critical minerals remains high.
Visit Proactive’s YouTube channel for more updates and expert insights. Don’t forget to like this video, subscribe to the channel, and turn on notifications for future content.
#BlencoweResources #GraphiteMining #OromCross #CriticalMinerals #BatteryMetals #DFS #EVBatteries #RenewableEnergyStorage #MiningInvestment #ProactiveInvestors
