REG - Blencowe Resources - Beehive Returns 92.55m @ 6.83% TGC from Surface

Blencowe ResourcesAnnouncement

Tue 07:00

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RNS Number : 5190M  Blencowe Resources PLC  23 December 2025

Date: 23 December
2025

 

Blencowe Resources Plc

("Blencowe" or the "Company"),

 

Beehive Returns 92.55m @ 6.83% TGC from Surface, Confirming Scale and
Continuity at Orom-Cross

Exceptional drilling results continue to validate this world class deposit

 

Blencowe Resources Plc (LSE: BRES) is pleased to report the first deep-hole
assay results from the newly identified Beehive Deposit, located
approximately 3kms from the existing Northern Syncline and Camp Lode deposits
at the Orom-Cross graphite project in Uganda.  Along with these other
deposits Beehive sits within the existing Mining License (ML1959).

The Company is pleased to announce an exceptional drilling result
from Beehive Deposit where early indications of a strong system have now
been materially exceeded by the latest assay results from Hole L238B.

Hole L238B returned 92.55m (True Width) @ 6.83% TGC from surface to 120.60m,
including multiple high-grade zones. This outstanding intercept confirms
Beehive as a thick, continuous, near-surface graphite system and represents
one of the most significant results generated at Orom-Cross to date.

This result is the first of over 100 Beehive holes to be reported, with
further results to follow.

 

Beehive Deposit - Key Drill Result

Hole L238B: 92.55m (TW) @ 6.83% TGC  0.00-120.60m 

including:

·      15.89m @ 9.42% TGC

·      8.38m @ 10.95% TGC

 

Geological Interpretation

The intersection demonstrates continuous graphite mineralisation from
surface, extending well beyond the ~30m oxide boundary and confirming strong
grade continuity at depth. The thickness and consistency of mineralisation in
Hole L238B significantly enhances confidence in the scale and robustness of
the Beehive Deposit.

These results support the interpretation of Beehive as a large, laterally
extensive system with the potential to materially contribute to future
resource growth at Orom-Cross, sitting within the existing Mining License.
Beehive is a new discovery with zero previous drilling to date.

 

Strategic Context

Global demand for secure, high-quality graphite supply continues to
accelerate, with increasing focus from Western governments and industrial
groups on securing critical mineral assets outside of China.

Recent engagement in the United States by senior management highlighted strong
interest in scalable, long-life graphite projects ex-China, capable of
supporting growing downstream supply chains. Orom-Cross, and Beehive in
particular, displays many of the attributes sought by potential strategic and
offtake partners, including scale, grade, near-surface mineralisation and
substantial expansion potential.

 

Executive Chairman Cameron Pearce commented:

"We knew Beehive was shaping up as a promising system, however, the result
from Hole L238B has exceeded all expectations. Delivering over 92 metres of
continuous graphite mineralisation from surface at a strong average grade is
an exceptional outcome and clearly demonstrates the scale potential emerging
at Beehive.

This result sits within a substantial drilling programme that has now been
completed across Beehive and the nearby Iyan deposit. Approximately 182
step-out and exploration holes have been drilled at both, with a steady flow
of assays still pending from the laboratories, alongside the two additional
Beehive deep drill holes underway. The results from this programme are
expected to materially expand the mineralised footprint and support
an updated JORC Mineral Resource Estimate in due course.

Following the Company's recent £3.0 million fundraise we are well capitalised
as we move into 2026, placing us in a strong position to maintain momentum
across drilling, resource growth, early project implementation and ongoing
strategic engagement following the completion of an outstanding DFS. We
continue to see growing interest from potential offtake partners and expect
these discussions to progress as the New Year unfolds.

As we approach the end of the year I would also like to thank shareholders,
stakeholders and supporters of Blencowe for their continued support, and to
wish everyone a happy holiday and festive season."

 

**ENDS**

 

For further information please contact:

  Blencowe Resources Plc    www.blencoweresourcesplc.com

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

                            info@blencoweresourcesplc.com (mailto:info@blencoweresourcesplc.com)
 Investor Relations         Tel: +44 (0) 7891 677 441

 Sasha Sethi                sasha.sethi@blencoweresourcesplc.com
                            (mailto:sasha.sethi@blencoweresourcesplc.com)
                            (mailto:sasha.sethi@blencoweresourcesplc.com)
 Tavira Financial           Tel: +44 (0)20 3192 1733

 Jonathan Evans             jonathan.evans@tavira.group (mailto:jonathan.evans@tavira.group)

 

Twitter https://twitter.com/BlencoweRes (https://twitter.com/BlencoweRes)

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

 

 

 

 

 

 

 

 

 

Map 1: Showing the 4x Orom-Cross deposits, including Camp Lode, Northern
Syncline, and new Iyan (NS western limb) and Beehive (GT 01a) deposits.

 

Diagrams 1-3:  Beehive Core

 

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