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IN BRIEF: Blencowe Resources narrows half-year loss, sees progress

23rd Jun 2022 11:10

Blencowe Resources PLC - London-based miner focused on developing the Orom-Cross graphite project and Akelikongo nickel project in Uganda - Posts lower interim loss as it reports "excellent progress" at its Orom-Cross project. Pretax loss in the half-year ended March 31 narrows to GBP356,336 from GBP629,681 a year ago.

"Significant progress has already been made but this is an ongoing exercise that will continue forward as the project moves towards first production in 2023," company explains.

Current stock price: 3.23 pence, down 0.5% on Thursday

12-month change: down 50%

By Tom Budszus; [email protected]

Copyright 2022 Alliance News Limited. All Rights Reserved.

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