Blencowe Confirms Deeper Mineralisation at Orom-Cross Graphite Project
Blencowe Resources (AIM: BRES) has completed three deep drill holes at the Northern Syncline zone of its Orom-Cross graphite project in Uganda, reinforcing recent success at the nearby Beehive target.
For the first time, drilling at both locations—approximately three kilometres apart—has confirmed consistent graphite mineralisation below 100 metres, extending well beyond the previously defined 30-metre production horizon. This represents a significant increase in the project’s potential commercial scale.
To date, exploration and resource modelling have focused on mining licence ML 1959, which benefits from a 21-year permit. However, Blencowe also controls adjacent tenements showing similar geological features, offering substantial potential for future resource expansion.
Final sample processing and assays are underway for over 230 holes drilled during Stage 7, with results expected to support both an upgraded resource estimate and progress toward a Definitive Feasibility Study (DFS). Workstreams are also advancing on offtake agreements, mine design, infrastructure, ESG, and permitting.
A larger and deeper resource base will feed directly into strategic engagement with offtakers and funding partners. The company also anticipates the next US$750,000 tranche from the US International Development Finance Corporation (DFC) grant in the near term.
Executive Chairman Cameron Pearce commented:
“Further success from the three deep holes at Northern Syncline underlines once again the sheer scale of this graphite deposit at Orom-Cross. With all deep holes ending in mineralisation, Orom-Cross is shaping up to be even more substantial than previously recognised – and this is before we have received most of the assays from the broader programme. Blencowe still owns 100% of this license area, which is a huge advantage in considering commercial outcomes.”
“We are now working towards reaching two significant value accretive targets in the near term. The scale of data collected, coupled with the positive drilling results, will help deliver a compelling upgraded JORC Resource. This will feed into the Definitive Feasibility Study, which is well advanced. We believe that both will have a measurable impact on the value of Blencowe and with ongoing strategic discussions progressing. With strong graphite demand tailwinds we are well positioned for a transformative period in the months ahead.”
