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Investee Company Update : Blencowe Resources PLC Company Announcement

Blencowe Resources PLC has announced that it has entered into an agreement with the Government of Guyana to acquire a 100% interest in the Aurora Gold Project.

The Aurora Gold Project: A Significant Development

The Aurora Gold Project, located in Guyana, is a highly anticipated mining project that has garnered significant attention in the mining industry. The project’s acquisition by Blencowe Resources PLC marks a major milestone in the development of the project, and Jangada Mines plc is pleased to note its involvement in this venture.

Key Highlights of the Agreement

  • The agreement between Blencowe Resources PLC and the Government of Guyana provides for the acquisition of a 100% interest in the Aurora Gold Project.

    The Partnership

    Blencowe, a leading global mining company, has announced a significant partnership with an Elite European Commission Consortium to exclusively supply graphite concentrate for European electric vehicles (EVs). This strategic initiative aims to bring substantial long-term benefits to Orom-Cross, a leading manufacturer of electric buses.

    Key Benefits

    The partnership will provide several key benefits to Orom-Cross, including:

  • Improved supply chain efficiency and reduced costs
  • Enhanced product quality and consistency
  • Increased access to high-quality graphite concentrate
  • Support for the growth of the European EV market
  • The Importance of Graphite Concentrate

    Graphite concentrate is a critical component in the production of electric vehicle batteries.

    The graphite shortage is a major obstacle to the widespread adoption of lithium-ion batteries.

    The Rise of Graphite in Lithium-Ion Batteries

    Lithium-ion batteries have revolutionized the way we power our devices, from smartphones to electric vehicles. However, the development of these batteries has been hindered by the availability of high-quality graphite, a crucial component in the anode material. In recent years, the demand for graphite has increased significantly, driving innovation in the industry.

    The Challenges of Graphite Sourcing

    Graphite is a soft, black mineral found in metamorphic rocks. It is extracted from mines and then processed into various forms, including flake graphite, which is used in lithium-ion batteries.

    (AETC), will provide technical support and assistance to the Oromia Region in Ethiopia.

    Oromia Region of Ethiopia to Receive EU Green Passport Evaluation

    The Oromia Region of Ethiopia is set to undergo an evaluation by the European Union’s (EU) Green Passport program, a significant development that could enhance the region’s future offtake opportunities within the European and North American markets.

    Background

    The EU Green Passport program is a certification scheme that recognizes the environmental sustainability of products and services.

    The results show that the graphite processor has significantly improved the performance of the Orom-Cross end-products, including the reduction of thermal resistance and the increase of thermal conductivity.

    Introduction

    The world of electronics is constantly evolving, with new technologies and innovations emerging every day. In this fast-paced industry, manufacturers are under immense pressure to develop products that meet the demands of consumers. One area where significant improvements are needed is in thermal management. Thermal resistance and thermal conductivity are critical factors that affect the performance and lifespan of electronic devices.

    The Rise of Orom-Cross’s Graphite

    In the world of high-performance battery anodes, Orom-Cross’s graphite plays a pivotal role. This critical input material is essential for the development of advanced battery technologies, and its unique properties make it an attractive option for manufacturers. But what sets Orom-Cross’s graphite apart, and how is it contributing to the growth of the global graphite market?

    Key Features of Orom-Cross’s Graphite

  • High surface area: Orom-Cross’s graphite boasts an exceptionally high surface area, making it an ideal material for high-performance battery anodes. High electrical conductivity: The graphite’s high electrical conductivity enables efficient charge transfer, leading to improved battery performance. High thermal stability: Orom-Cross’s graphite exhibits high thermal stability, allowing it to withstand the extreme temperatures encountered during battery operation. ## The SAFELOOP Association*
  • The SAFELOOP Association

    The association with SAFELOOP, a leading developer of advanced battery technologies, has significant implications for Blencowe’s position in the global graphite market.

    European Gigafactory Li-Ion Battery Cells

    The European Gigafactory is a massive project aimed at producing large quantities of Li-Ion battery cells for the automotive industry. The project is expected to create thousands of jobs and stimulate economic growth across Europe. AETC has been chosen as the processor of choice for this project due to its unique properties and capabilities.

    Key Benefits of AETC

  • High-performance materials: AETC’s concentrate has been shown to have exceptional properties, making it an ideal choice for the European Gigafactory. Exceeds EUCAR Hazard Level 3 standards: AETC’s concentrate meets or exceeds the EUCAR Hazard Level 3 standards, ensuring the safety of the battery cells. Perfect alignment with demand: The properties of AETC’s concentrate align perfectly with the expected demand for the European Gigafactory Li-Ion battery cells. ## STREAMS and SAFELOOP Initiatives**
  • STREAMS and SAFELOOP Initiatives

    AETC has been chosen as the processor of choice for two prestigious European Commission funded initiatives, STREAMS and SAFELOOP.

    As we continue to rely on renewable energy sources, the need for efficient and reliable energy storage systems has become increasingly apparent.

    The Need for Energy Storage Solutions

    In today’s mobile society, we are constantly on the move, and our devices are always connected. This has led to an unprecedented demand for energy storage solutions. With the rise of electric vehicles, smart home devices, and portable electronics, the need for efficient and reliable energy storage systems has become a pressing concern.

    The project is led by the Finnish company, Umicore, in collaboration with the University of Oulu and the Finnish Energy Authority.

    Project Overview

    The SAFELOOP project is a groundbreaking initiative that aims to revolutionize the way we think about battery recycling and reuse.

    The timeline is divided into three phases: Phase 1 (0-12 months), Phase 2 (12-24 months), and Phase 3 (24-36 months). Each phase has specific goals and objectives that are critical to the project’s success.

    Phase 1: Setting the Foundation (0-12 months)

    During Phase 1, the focus is on laying the groundwork for the project’s success. This includes:

  • Establishing a strong project team and management structure
  • Conducting thorough feasibility studies and site assessments
  • Finalizing the project’s technical specifications and design
  • Securing necessary permits and approvals
  • Developing a comprehensive project schedule and budget
  • These initial steps are crucial in setting the foundation for the project’s success. By completing these tasks, the project team can ensure that the project is well-planned, well-managed, and well-funded.

    Phase 2: Construction and Testing (12-24 months)

    During Phase 2, the focus shifts to construction and testing. This phase includes:

  • Building the Orom-Cross facility
  • Installing the necessary equipment and infrastructure
  • Conducting thorough testing and commissioning of the facility
  • Identifying and addressing any issues or defects
  • Obtaining necessary certifications and approvals
  • This phase is critical in ensuring that the facility is built to the required standards and is ready for operation.

    The graphite used in these batteries will be sourced from the Blencowe mine, with the majority of the concentrate being used for the production of lithium-ion batteries for electric vehicles.

    ## The SAFELOOP Project: A Game-Changer for the Lithium-Ion Battery Industry

    The SAFELOOP project is a groundbreaking initiative that aims to revolutionize the production of lithium-ion batteries. This ambitious project, led by Blencowe, a leading Australian mining company, has the potential to transform the way we think about energy storage and mobility.

    Blencowe will provide the graphite materials and AETC will process them into usable products. Blencowe will also provide the necessary infrastructure to support the production process. AETC will be responsible for the manufacturing and quality control of the products.

    The Blencowe-AETC Partnership: A Breakthrough in Graphite Production

    A New Era in Graphite Production

    The partnership between Blencowe and AETC marks a significant milestone in the production of graphite, a crucial material in the manufacture of batteries, electrodes, and other electronic components. The collaboration aims to increase the efficiency and effectiveness of graphite production, leading to improved yields and reduced costs.

    The Benefits of Spherical and Non-Spherical Graphites

    Spherical and non-spherical graphites have distinct properties that make them suitable for different applications. Spherical graphites, with their rounded shape, are ideal for use in batteries and other applications where high surface area is required. Non-spherical graphites, with their angular shape, are better suited for use in electrodes and other applications where high mechanical strength is required. Key benefits of spherical and non-spherical graphites: + Spherical graphites:

    • – High surface area
    • – Improved conductivity
    • – Enhanced battery performance
    • + Non-spherical graphites:

    • – High mechanical strength
    • – Improved electrode performance
    • – Enhanced durability
    • The Blencowe-AETC Collaboration

      Blencowe has entered a vendor-processor collaboration relationship with AETC, a leading manufacturer of graphite products.

      End of Blencowe Resources PLC announcement. **ENDS** For further information please visit www.jangadamines.com or contact:

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