Business
Beehive Deposit Maiden JORC Resource
Blencowe Resources Plc has announced a significant upgrade to its Orom-Cross graphite project in Uganda, with the maiden JORC Mineral Resource Estimate for the Beehive deposit adding 21.3 million tonnes at 6.58% TGC (Inferred). This brings the total Orom-Cross JORC Mineral Resources to 64.3 million tonnes at 6.03% TGC, representing a 168% increase since the commencement of the Stage 7 drilling program. The Beehive resource is based on only 22% of the anomaly and shallow drilling, with mineralisation extending to approximately 100 metres depth, indicating substantial upside potential. The company is progressing with Definitive Feasibility Study (DFS) optimisation work to incorporate this enlarged resource base and expects an update before the end of Q2 2026. Disclaimer*
About this update from Blencowe Resources Plc
[{"type":"text","content":"\n\n18 May 2026 \nBlencowe Resources Plc\n(\"Blencowe\" or the \"Company\"),\n \nBeehive Maiden JORC Mineral Resource Delivers Major Upgrade at Orom-Cross\nNew Beehive MRE lifts total Orom-Cross resources to 64.3Mt as DFS optimisation work advances\n \nBlencowe Resources Plc (LSE: BRES) is pleased to announce a maiden JORC (2012) Mineral Resource Estimate for the Beehive deposit, part of the Company's 100% owned Orom-Cross graphite project in Uganda.\nBeehive is one of two substantial new discoveries (together with Iyan) made through the Company's most recent drilling programme and represents another major step change in Orom-Cross scale. Following the maiden Iyan JORC Mineral Resource (which lifted the Orom-Cross resource base by 66% to 43.0 Mt), the maiden Beehive JORC Mineral Resource adds 21.3 Mt @ 6.58% TGC (Inferred) and increases total Orom-Cross JORC Mineral Resources to 64.3 Mt @ 6.03% TGC (Measured + Indicated + Inferred) across Northern Syncline, Camp Lode, Iyan and Beehive. \nThis further demonstrates Orom-Cross as a multi-deposit, long-life, large-scale graphite development with total Orom-Cross JORC Mineral Resources up 168% since commencement of the Stage 7 programme.\nImportantly, the current Beehive JORC Resource has been modelled over only circa 22% of the Beehive anomaly and largely within the upper 25-30 metres tested by shallow drilling. Combined with previously reported deep drilling demonstrating mineralisation continuing to approximately 100 metres depth, the Company believes Beehive retains significant upside potential beyond the current modelled area.\nWith a materially expanded resource base now defined, the Company has been progressing further DFS optimisation work to incorporate the enlarged inventory, evolving downstream pathways, and ongoing commercial discussions. This work is well advanced and a further update is expected prior to the end of Q2 2026.\n \nHighlights:\nBeehive Maiden JORC Mineral Resource update;\n· Beehive JORC Mineral Resource: 21.3 Mt @ 6.58% TGC (Inferred) at a 3.5% TGC cut-off\n· Higher-grade component defined: 17.5Mt @ 7.0% TGC\n· ...