Blencowe Resources has reported further significant shallow graphite intercepts at its Iyan deposit within the Orom-Cross Graphite Project in Uganda.
The second batch of Stage 7 drilling assays confirms thick, laterally continuous near-surface mineralisation, with several holes exceeding 30 metres from surface and ending in mineralisation, suggesting deeper potential.
The results support Blencowe’s strategy to develop Iyan as a bulk blending deposit capable of delivering consistent, high-tonnage graphite feed for long-life, low-cost production, while also demonstrating the persistence of higher-grade zones. The data will feed into an updated JORC resource estimate expected in Q1 2026, underpinning talks on larger-scale mining, funding and downstream offtake agreements.
Iyan Drilling – Key Takeaways
· Second assay batch confirms thick, laterally continuous near-surface graphite mineralisation
· Multiple intercepts of >30m from surface, with several holes ending in mineralisation
· Iyan is being developed as a bulk blending deposit, supporting efficient, low-strip mining
· Higher-grade zones persist within bulk mineralisation, enhancing blending flexibility
· Results continue to support near-term resource growth and scale expansion, underpinning an updated JORC estimate and strengthening the basis for larger-scale, longer-tenor mining, funding and downstream offtake discussions
Blencowe Resources Executive Chairman, Cameron Pearce commented:
“Iyan continues to deliver exactly what we are looking for at this stage, with consistency, scale and quality at shallow depth. Even as a bulk blending deposit, we continue to see higher-grade zones within thick intersections, which is a very attractive characteristic for mine planning and long-life production.
With many holes again ending in mineralisation, and deeper drilling at both Iyan and Beehive already demonstrating continuity to around 100 metres, we see clear scope to evaluate depth extensions in due course.
These results align with increasing Western focus on securing long-term supplies of critical minerals outside China. Continued drilling success strengthens the resource base that underpins longer-life development scenarios and supports larger-scale, longer mine life, and will assist with funding discussions and offtake discussions underway. We will look to get out all remaining Iyan and Beehive drill results in February and build toward the next Orom-Cross resource update thereafter.”
