London-listed Blencowe Assets has began with a definitive feasibility examine (DFS) on the Orom-Cross graphite undertaking, in Uganda.
The corporate is in a course of of choosing an skilled impartial engineering agency to handle and log off on the DFS.
Blencowe printed a prefeasibility examine in July, which states the undertaking has a internet current worth of $482-million and an inside charge of return of 49%.
The DFS marks the final step previous to the board making a choice to mine.
The corporate can also be assembling a administration advisory group to help with all key features of the DFS and its profitable supply, together with plant design, engineering, infrastructure, mining, operations, gross sales, advertising and marketing, environmental and social features.
The group will comprise useful resource executives with appreciable expertise in delivering initiatives by to manufacturing in Africa, significantly graphite initiatives.
In the meantime, Blencowe plans to do extra metallurgical testwork on the undertaking subsequent 12 months, as a part of the DFS, to check the expandability, spheroidization and spherical graphite purification properties of the undertaking.