Blencowe Resources secures approval for enhanced ESIA

LONDON - Blencowe Resources (LSE: BRES), a mining company, announced today that its revised Environmental, Social, Impact Assessment (ESIA) for the Orom-Cross graphite project in Uganda has received approval from the National Environmental Management Authority (NEMA). This marks a significant milestone for the company as it aims to expand its development strategy and enhance sustainability measures.

The revised ESIA reflects substantial changes to the project’s scope, including tripling the planned production rates, which is expected to increase the commercial potential and returns of the Orom-Cross project. A key feature of the updated assessment is the adoption of a dry stack tailings disposal method, which is anticipated to minimize environmental impact and allow for material reuse in local construction industries.

In addition to environmental improvements, the project will integrate hydropower from Uganda’s national grid and additional solar installations to provide sustainable and cost-effective energy. These initiatives are part of Blencowe’s commitment to achieving near net-zero operations and delivering green graphite products.

The company has also expanded community initiatives, reinforcing its dedication to long-term social and economic benefits for local stakeholders. The ESIA revision was carried out in partnership with Tenvicon, a leading Ugandan environmental consultancy, and involved extensive community engagement and government consultation.

Cameron Pearce, Executive Chairman of Blencowe, commented on the approval, stating, "Achieving near net-zero operations is a priority, and this revised ESIA reflects our proactive approach to integrating renewable energy, innovative waste management solutions, and meaningful social programs into our development plan."

Pearce also highlighted the significance of the approval from a financing perspective, noting that many of the company’s strategic funding and offtake partners prioritize sustainability and ESG excellence. The approval is expected to strengthen Blencowe’s position as a preferred supplier of responsibly sourced graphite and align the expanded production with the regulatory framework.

The approval of the revised ESIA is also a crucial step in advancing the ongoing Definitive Feasibility Study (DFS) and moving toward production. The information for this article is based on a press release statement.

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