REG - Blencowe Resources - Beehive Drilling Results

Blencowe ResourcesAnnouncement

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RNS Number : 6583A  Blencowe Resources PLC  16 April 2026

Date: 16 April 2026

 

Blencowe Resources Plc

("Blencowe" or the "Company"),

 

Beehive Drilling Extends Northern Coverage With Multiple +30 Meter Intercepts

Further shallow assay results reinforce continuity and the Beehive JORC growth
runway

 

Blencowe Resources Plc (LSE: BRES) is pleased to provide an update on further
assay results from shallow drilling at the company's new Beehive deposit.
Both Beehive and Iyan are substantial new exploration finds within the most
recent 2025 drill programme and both will contribute significantly to the size
and scale of the Orom-Cross graphite project.

As part of the Stage 7 drilling programme, the Company completed 110 shallow
drill holes at Beehive, designed to test the continuity, thickness and
near-surface extent of graphite mineralisation. This announcement reports
further assay results from 36 holes (including additional coverage toward the
northern extent), following the Company's previous Beehive assay update.

The shallow programme was designed to define near-surface, bulk mineable
graphite mineralisation, with holes drilled to a planned depth of
approximately 30 metres. The majority of reported holes intersected graphite
mineralisation from near surface to end-of-hole, with many holes ending in
mineralisation, highlighting potential for continuation below the current
shallow drilling depth.  This is consistent with previously reported deeper
drilling at Beehive, which demonstrated graphite mineralisation continuing to
approximately 100 metres depth.

Whilst the drilling was intended to close out the northern extent of the
deposit, results also indicate potential for additional extensions of up to
~400m - particularly toward the northern and western end of the deposit -
within the broader target area.

 

Beehive Drilling Highlights

An additional 36 assay results were received and compiled from the Stage 7
programme:

·    Thick near-surface mineralisation: multiple holes deliver ~30-32
meters mineralisation from surface, supporting depth continuity and bulk
mining potential.

·    Strong bulk grades across the batch: 12 holes average ≥5.0% TGC and
8 holes average ≥6.0% TGC over the drilled intervals highlighting strong in
situ grades within Beehive.

·    High-grade frequency: all holes are mineralised and grades are
consistently higher than overall average grades for other deposits within
Orom-Cross.

 

Selected Beehive Significant Shallow Intercepts Include:

o  BHDD-L101: 31.5 meters @ 8.19% TGC from surface

o  BHDD-L111: 31.4 meters @ 8.00% TGC from surface

o  BHDD-L327: 31.2 meters @ 7.67% TGC from surface

o  BHDD-L113: 31.92 meters @ 7.59% TGC from surface, including 9.32m @ 11.14%
TGC

o  BHDD-L133: 31.4 meters @ 6.83% TGC from surface

o  BHDD-L102: 29.61 meters @ 6.11% TGC from surface

o  BHDD-L325: 31.3 meters @ 6.21% TGC from surface

 

Interpretation and Next Steps

These additional shallow results continue to support a thick graphite system
at shallow depths, while previously reported deeper drilling has demonstrated
mineralisation continuing to approximately 100 metres depth. Together, this
work is building the dataset required to define the near-surface component and
progress modelling toward a maiden Beehive JORC Mineral Resource scheduled for
Q2 2026.

Further Beehive assay batches are being passed directly to the Company's
independent geological consultants, Minrom, for validation and quality
assurance. Results will be reported progressively as batches are cleared and,
subject to modelling, are intended to support a future Beehive JORC Mineral
Resource update and provide further clarity on overall scale and development
readiness as Blencowe continues to progress strategic and funding discussions
in parallel.

Beehive has been defined over approximately 1,200 metres of strike and 480
metres of width to date, with scope for extensions beyond the current drill
lines.

 

Blencowe Resources Executive Chairman, Cameron Pearce commented:

"We are pleased to report a further batch of Beehive assay results and
appreciate shareholders' patience as results move through laboratory reporting
and independent validation. We expect a further set of assay results to become
available shortly and will provide updates as batches are cleared.

Beehive continues to build momentum. This further batch reinforces continuity
at shallow depths, with multiple plus-30 meter intercepts from surface and
standout results including 31.5m @ 8.19% TGC and 31.4m @ 8.00% TGC.

Following the recent maiden Iyan JORC Mineral Resource of 16.9 million tonnes,
which increased total Orom-Cross JORC Mineral Resources by 66% to 43.0 million
tonnes, Beehive remains the next clear growth lever as we progress toward a
maiden Beehive JORC Mineral Resource update this quarter. We would expect the
continuity and thickness being demonstrated at Beehive to translate into a
material increase in overall tonnage, subject to completion of assay flow,
modelling and JORC reporting.

With access to renewable hydroelectric power and an expanding resource base,
Orom-Cross continues to be positioned as an integral part of the western
markets' drive for secure, non-China critical mineral supply chains,
supporting downstream pathways and longer-term offtake discussions."

 

 

Beehive Deposit - Key Drill Results

Figures 1-2: Beehive Deposit drill sections showing thick, continuous graphite
mineralisation remaining open at depth.

 

 

 

 

 

 

 

 

 

 

 

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

 

 

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

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