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Investee Company Update: Blencowe Resources PLC
Investee Company Update: Blencowe Resources PLC.
About this update from Jangada Mines Plc
[{"type":"text","content":"\n\nJangada Mines plc / EPIC: JAN.L / Market: AIM / Sector: Mining\n26 June 2025\nJangada Mines plc ('Jangada')\n \nInvestee Company Update: Blencowe Resources PLC\n \nJangada Mines plc, a natural resources development company with interests in Brazil and elsewhere, is pleased to note the announcement released by Blencowe Resources PLC (LON:BRES) in which it holds a 7.1% interest.\n \nJangada Executive Chairman, Brian McMaster, said: \"The confirmation that Orom-Cross remains open at depth is a significant milestone that not only reaffirms its standing as a world-class graphite deposit, but also underscores the scale, longevity, and strategic importance of this asset. With the recent infill drilling unlocking further DFC funding and a substantial number of assays pending to feed into the upgraded JORC Resource and DFS, Blencowe is exceptionally well positioned to continue de-risking the project and delivering considerable long-term value.\"\n \nStart of Blencowe Resources PLC announcement\n \nDate: 26 June 2025 \n \nBlencowe Resources Plc\n(\"Blencowe\" or the \"Company\"),\n \nDeep Drilling at Beehive Confirms Significant Continuity of Graphite\n \nStep-out holes validate scale & depth of deposit at Orom-Cross,\nunlocking 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.\n \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.\n \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 pote...