Business
Stage 7 Drilling Program Update
Stage 7 Drilling Program Update.
About this update from Blencowe Resources Plc
[{"type":"text","content":"\n\nDate: 26 June 2025 \n \nBlencowe Resources Plc\n(\"Blencowe\" or the \"Company\"),\n \nDeep Drilling at Beehive Confirms Significant Continuity of Graphite\nStep-out holes validate scale and depth of deposit at Orom-Cross, unlocking further value in upcoming DFS\n \nBlencowe Resources Plc (LSE: BRES) is pleased to report that all three deep holes drilled at the Beehive deposit within its Orom-Cross Graphite Project have intersected significant continuous mineralisation to depths below 100 metres, more than three times deeper than the original 30-metre production horizon.\nImportantly, all three holes ended within mineralisation, confirming the orebody remains open at depth and reinforcing the Project's long-term scale and value potential.\nThe holes, each angled to a vertical depth of 100 metres (120 metres total length), form part of the Stage 7 resource definition programme designed to materially enhance both the upcoming JORC Resource upgrade and the ongoing Definitive Feasibility Study (DFS). Notably, the Beehive deposit - which sits outside the current 24.5Mt JORC Resource - is demonstrating significant depth and grade potential. These results are expected to underpin a material uplift in resource tonnage and overall project valuation.\nThis deep drilling builds on an extensive drill programme comprising 221 resource holes, 8 geotechnical holes, and 6 deep holes, collectively forming the foundation for a robust and substantial JORC Resource update.\nA substantial number of assays are now pending. Consistent positive results from these will support an expanded Resource base, longer mine life, and ultimately a materially higher Net Present Value (NPV) for Orom-Cross. This will also ensure a steady stream of newsflow into both the JORC upgrade and ongoing strategic engagement - reinforcing investor visibility and confidence as Blencowe advances toward development.\n \nHighlights:\n· All three deep holes at Beehive delivered wide graphite intercepts from 30 metres to end-of-hole at 100m.\n· All three deep holes ended in mineralisation, confirming the orebody remains open at depth.\n·&nbs...