Blencowe Resources PLC on Friday said its graphite material ‘substantially’ enhances performance, delivering higher capacity and longer battery life.
The London-based mining firm’s sole license covers the Orom-Cross prospect in Uganda, which Blencowe describes as ‘a stable African country’ for mineral exploitation.
Blencowe said the latest testing by Apollo Energy Systems Inc showed that Orocom-Cross graphite delivered around 12% enhanced performance in lead-acid battery cells.
Executive Chair Cameron Pearce said: ‘We have extensive testing underway in multiple locations worldwide, using different partners with deep technical expertise in their respective fields. This latest programme with Apollo Energy has opened a potential new market opportunity for Orom-Cross graphite in the large, well-established lead-acid battery sector.
‘These latest results further confirm what sets Orom-Cross apart and specifically that our graphite material substantially enhances performance delivering higher capacity, greater charge acceptance and longer battery life. This means Orom-Cross graphite can add real value in a market that already consumes tens of thousands of tonnes of graphite each year and operates outside the Chinese supply chain.’
Blencowe shares rose 2.5% to 6.92 pence each on Friday afternoon in London.
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