Business
Beehive Delivers 2 Standout +90 metre Intercepts
Blencowe Resources Plc has announced further positive assay results from its Beehive deposit in Uganda, with deep holes L237B and L239B reporting significant graphite intercepts of 93.98 metres at 6.03% TGC and 95.45 metres at 5.62% TGC respectively, reinforcing the deposit's scale and potential for multi-decade production. These results, alongside previous findings from Hole L238B (92.55m @ 6.83% TGC), indicate a thick, continuous graphite system that remains open at depth, supporting the Orom-Cross project's capacity for long-life operations and attractiveness to institutional funding. Assay results from 108 shallow holes at Beehive and 72 at Iyan are pending, with the company progressing funding discussions. Disclaimer*
About this update from Blencowe Resources Plc
[{"type":"text","content":"\n\nDate: 09 January 2026 \n \nBlencowe Resources Plc\n(\"Blencowe\" or the \"Company\"),\n \nBeehive Delivers Further Standout +90 metre Intercepts\nResults Reinforce Multi-Decade Scale & Growth Potential\n \nBlencowe Resources Plc (LSE: BRES) is pleased to report the remaining two deep-hole assay results from the newly discovered Beehive deposit, located approximately 3kms from the existing Northern Syncline and Camp Lode deposits at the Orom-Cross graphite project in Uganda. \nBeehive is an extensive new graphite discovery made during the Company's broader Stage 7 drilling programme in 2025, with exploration there comprising three deep holes to depths below 100 metres to test continuity and 108 shallow holes designed to test graphite mineralisation from surface to 30 metres, which is considered most attractive for low cost-effective mining.\nFollowing the exceptional results previously reported from deep Hole L238B (returning 92.55m @ 6.83% TGC), the Company now reports further excellent drilling results from Beehive deep holes L237B and L239B. These results continue to highlight Beehive as a thick, continuous graphite system and reinforces its potential to deliver meaningful higher-grade early production tonnes within the broader Orom-Cross mining strategy.\nTogether with recent results from the Iyan Deposit and the existing Northern Syncline and Camp Lode resources, these Beehive results further support Orom-Cross as a graphite system of sufficient scale to underpin long-life and multi-decade production; a key consideration for strategic and institutional funding groups.\nIn addition to the three Beehive deep holes the programme included 108 shallow holes at Beehive and 72 shallow holes at Iyan. Assay results from these remaining holes are expected near term, providing a clear pipeline of ongoing newsflow as the Company progresses funding discussions in parallel.\n \n\n \nBeehive Deposit - Key Drill Results\nFigure 1: Beehive Deposit deep-hole drill sections showing thick, continuous graphite mineralisation remaining open at depth.\n\n \nHole L237B:\n93.98m (TW) @ 6.03% TGC, comprising three stacked mineralised intervals from near surface to 118.22m, inc...