RCS - Blencowe Resources - Broker Research Initiation

Blencowe ResourcesAnnouncement

Tue 07:00

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RNS Number : 5917O  Blencowe Resources PLC  13 January 2026

13 January 2026

 
 

Blencowe Resources Plc

("Blencowe" or the "Company")

 

Broker Research Initiation

 

Blencowe Resources Plc (LSE: BRES) announces that Oak Securities has published
an initiation research note, which is now publicly available on the Company's
website.

 

The note reviews Blencowe's Orom-Cross Graphite Project in Uganda and reflects
recent operational and corporate milestones, including the completion of the
Definitive Feasibility Study ("DFS"), which outlines a staged development
strategy.

The research also references the Company's expanding resource footprint
following recent drilling at the newly identified Iyan and Beehive deposits.
At Beehive, recently announced deep holes have intersected thick, continuous
graphite mineralisation to depths of around 100 metres, with all holes ending
in graphite. Assay results from a further c.180 shallow and step-out holes
across these new deposits remain pending and are expected to be incorporated
into an updated JORC Resource in due course.

 

The DFS defines an initial 15-year mine life based on a relatively small
portion of the licence area, with scope for substantial life extension as
additional resources are incorporated. The study also highlights Orom-Cross'
low projected operating costs, staged capital intensity and exposure to
higher-value downstream graphite products.

 

Blencowe continues to progress funding discussions with a range of strategic,
institutional and development finance groups as it advances Orom-Cross toward
construction and production.

 

A copy of the Oak Securities research note is available at:

 

https://blencoweresourcesplc.com/wp-content/uploads/2026/01/OAK-Securities-Initiation-Blencowe-Resources-09.01.2026.pdf
(https://blencoweresourcesplc.com/wp-content/uploads/2026/01/OAK-Securities-Initiation-Blencowe-Resources-09.01.2026.pdf)

 

Investors and stakeholders can also register to receive Company updates,
including regulatory announcements and media releases, via Blencowe's mailing
list at:

 

https://blencoweresourcesplc.us13.list-manage.com/subscribe?u=ba87c801d05702dc7b8d75a3b&id=bd90aec04f
(https://blencoweresourcesplc.us13.list-manage.com/subscribe?u=ba87c801d05702dc7b8d75a3b&id=bd90aec04f)

 

**ENDS**

 

 

For further information please contact:

 

 Blencowe Resources Plc                   www.blencoweresourcesplc.com

 Sam Quinn (Director)                     Tel: +44 (0)1624 681 250

                                          info@blencoweresourcesplc.com (mailto:info@blencoweresourcesplc.com)

 Sasha Sethi (Investor Relations)         Tel: +44 (0) 7891 677 441

                                          sasha.sethi@blencoweresourcesplc.com
 Tavira Financial (Joint Broker)

 Jonathan Evans                           Tel: +44 (0)20 3192 1733

                                          jonathan.evans@tavira.group (mailto:jonathan.evans@tavira.group)
 Oak Securities (Joint Broker)

 Calvin Man /Mungo Sheehan / Jerry Keen   Tel: +44 (0)20 3973 3678

 Twitter                                  https://twitter.com/BlencoweRes (https://twitter.com/BlencoweRes)
 LinkedIn                                 https://www.linkedin.com/company/72382491/admin/
                                          (https://www.linkedin.com/company/72382491/admin/)

 

 

 

 

 

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