RCS - Blencowe Resources - CEO Interview

Blencowe ResourcesAnnouncement

07/11/2025 08:00

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RNS Number : 6574G  Blencowe Resources PLC  07 November 2025

7 November 2025

 

Blencowe Resources Plc

("Blencowe" or the "Company")

 

 

CEO Interview Highlighting Upcoming Catalysts at Orom-Cross

 

Blencowe Resources Plc (LSE: BRES) provides a summary of key points discussed
by Chief Executive Officer Mike Ralston in a recorded interview with
respected market commentator Charles Archer. The interview focuses on the
Company's strategy to de‑risk and advance the Orom‑Cross Graphite
Project in Uganda, progress towards a JORC Resource & Reserve update,
and complete the Definitive Feasibility Study ("DFS") including in‑country
downstream purification.

 

In the interview, Mr. Ralston explains how Blencowe's de-risking
strategy has successfully positioned Orom-Cross as one of the most advanced
graphite development projects globally, supported by US and EU initiatives,
and underpinned by having all of the six key fundamentals considered critical
for success in mining graphite projects:

 

 1. Low Operating Costs      4. 100% Ownership
 2. Low Capex                5. 21-Year Mining Licence
 3. High-Purity End Product  6. Stable Jurisdiction

 

Key discussion points include:

 

§ JORC Resource & Reserve upgrade expected in approximately two weeks,
providing key final data sets for the DFS.

§ DFS nearing completion, with delivery targeted for late-November. The study
will include new downstream processing component to produce purified
graphite in-country, significantly enhancing project value.

§ Material uplift expected in project NPV and IRR relative to 2022 PFS
($482M post-tax NPV8), notwithstanding now using higher discount rates.

§ Recent drilling has delivered strong continuity and high-grade,
near-surface graphite across Camp Lode and Northern Syncline deposits,
confirming large-scale potential and supporting mine sequencing to deliver
early cash flow advantages.

§ New discoveries at Beehive and Lyan deposits add further growth
potential; with exploration updates for both expected to follow post-DFS.

§ EU SAFELOOP exclusive supplier status for all natural flake graphite
concentrate and ongoing collaboration with the US DFC - both enhance global
strategic positioning.

§ WaterBorne Capital advancing lender‑ready financial modelling to align
with debt providers and strategic partners requirements ahead of DFS
completion.

 

 

 

Blencowe Resources CEO Mike Ralston commented:

 

"Orom‑Cross is entering a transformational phase which should be very
value-enhancing. We have systematically de‑risked the project technically,
financially and commercially and we are now approaching the finish line with
both the JORC upgrade and DFS due shortly. The revised JORC Resource statement
will confirm a larger, longer-life Reserve base, while the DFS will deliver a
finance-ready operating plan incorporating in-country purification of graphite
to maximise project value. With quality, scale, government support and
downstream processing potential, we believe Orom‑Cross will emerge as a
premier new graphite project globally."

 

Listen to the full interview here:

 

https://tinyurl.com/pztcdew3 (https://tinyurl.com/pztcdew3)

 

Note: This announcement and the referenced interview contain no new material
information beyond that already disclosed by the Company.

 

**ENDS**

 

 

Contacts:

 Blencowe Resources Plc          www.blencoweresourcesplc.com (http://www.blencoweresourcesplc.com)

 Sam Quinn (London Director)     info@blencoweresourcesplc.com

                                 +44 (0)1624 681 250
 Investor Enquiries              Tel: +44 (0) 7891 677 441

 Sasha Sethi                     sasha.sethi@blencoweresources.com

 Tavira Securities               Tel: +44 (0)20 7100 5100 jonathan.evans@tavirasecurities.com

 Jonathan Evans

 

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