Blencowe Resources Plc · LSE:BRES
Blencowe Resources — Investor Presentation (March 2026)
17 slides from Blencowe Resources's investor presentation, March 2026
Slide 1: Orom-Cross Graphite Project: Driving to First Production
OROM-CROSS GRAPHITE PROJECT Driving to First Production March 2026 LSE:BRES blencoweresourcesplc.com
Slide 2: The Journey So Far
“Natural flake graphite demand is forecast to double by 2030” The Journey So Far 2020 2021 2022 2023 2024 2025 2026 1H 2027 Value Inflection Point Revised JORC Pre-Feasibility Definitive- Completed 7,000m drill Acquired Maiden JORC Resource & Feasibility Study programme Updated JORC Resource – 1Q 20
Slide 3: Global Graphite Markets
GLOBAL GRAPHITE MARKETS We are witnessing the first fundamental shift in graphite markets as western offtakers actively seek ex-China supply BUT EX-CHINA SUPPLY IS LIMITED CHINA DOMINANCE SUPPLY CHAIN DISRUPTION WESTERN DEMAND • OEMs + Governments Produces: • Historic reliance on China • Urgent need
Slide 4: Size, Scale & Shallow: A Unique Project
SIZE, SCALE & SHALLOW: A UNIQUE PROJECT 100% Owned Project with 2-3 billion tonnes estimated Resource Iyan Northern Syncline ➢ JORC Resource increased 66% to 43Mt @ 5.76% TGC in 1Q 2026 (at 3.5% TGC cut-off) ➢ JORC Reserves increased 47% to 23Mt @ 5.18% TGC in Nov 2025 which lifts both life of mine
Slide 5: Key Differentiation to Peers
KEY DIFFERENTIATION TO PEERS “ Factors that set Orom-Cross apart 6 Key Fundamentals for success: 1. Low Operating Costs Core Strategy: Uplifting value of end-products by selling more than just concentrates SPG Facility Orom-Cross Project – critical to deliver margins required for commercial success
Slide 6: Definitive Feasibility Study: Project Economics
DEFINITIVE FEASIBILITY STUDY : PROJECT ECONOMICS HIGHLIGHTS US$1.087 Bn 96% ✓ NPV10 US$1.087 Bn - lifted by 225% from PFS Net Present Value10 (NPV8 US$482M). IRR10 (post-tax) (post-tax) ✓ Ratio of NPV to Capex is high, underlining significant returns on capital invested. ✓ 15-year initial life of mi
Slide 7: Addressing Fundamental Issues
ADDRESSING FUNDAMENTAL ISSUES “ Blencowe is Addressing the Biggest Historical Challenge for Commercial Success in Graphite Mining Graphite producers selling Concentrate Only receive low prices for sale of bulk quantities of small flake concentrate into Chinese markets, which reduces their overall we
Slide 8: Beneficiation
BENEFICIATION “ Delivers Higher Prices/Revenues and Lowers Operating costs Micronisation / Industrial Diamonds Downstream Beneficiation Further grinding post-concentrate to Downstream processing in Uganda upgrading 96% deliver 5 niche micronised products: concentrate to battery-ready 99.95% uncoated
Slide 9: Production Strategy
PRODUCTION STRATEGY “ Move to First Production by 1Q-2027 and Ramp Up thereafter based on Delivery, Experience and Success 2026/7 2027/8 2028/9 2030/31 2032/33 Orom-Cross Downstream Beneficiation Orom-Cross Phase 1 Phase 2 Phase 3 Phase 4 Phase 5 Ramp up to 70,000tpa Build SPG Facility Production 12
Slide 10: Sustainability
SUSTAINABILITY “ Isimba is a 183 MW Ugandan Hydroelectric Orom-Cross set to become an ESG leader Power Station commissioned in 2019, providing green energy to the national grid Delivering Green SOCIAL Graphite ENVIROMENTAL Community Agreement All energy requirements signed, returning value locally f
Slide 11: Corporate Overview
CORPORATE OVERVIEW Main Board London Stock Exchange (LSE:BRES) Share Price Issued Shares 488m Warrants 60m (6.0p VWAP) Performance Shares 28m Options 15m (5.5p exercise price) Fully Diluted 591m Market Cap £46m (at 8.5p) (Fully diluted) £54m (at 8.5p) Major Shareholder – Board & Management 14% DIREC
Slide 12: Appendix
APPENDIX. 12
Slide 13: DFC: Project Funding Partner
DFC : PROJECT FUNDING PARTNER DFC has Funded US$5.0M as a Orom-Cross Project Implementation SPG Plant Technical Assistance Grant Debt Funding Partner Debt Funding Partner UNITED STATES GOVT SUPPORT via DEVELOPMENT FINANCE CORPORATION (DFC) Orom-Cross is the first pre-production graphite project Blen
Slide 14: European Union - Project SAFELOOP
EUROPEAN UNION - PROJECT SAFELOOP LONG-TERM, HIGH-VALUE ANNUITY INCOME STREAM FOR BLENCOWE “ Tier-One Project Team delivering Standardised EV Batteries & Buses under EU Project leadership OROM-CROSS PROJECT AETC (US Graphite Specialist) SAFELOOP ADVANTAGES: Delivers Anodes for batteries 1. Exclusive
Slide 15: Net-Zero Mine Site Target
NET-ZERO MINE SITE TARGET “ Orom-Cross set to become a Blueprint for Sustainable Mining Practices Delivering Green Graphite As part of commitment to delivering a ‘greener’ solution Orom-Cross is actively developing relationships and partnerships for the introduction of: Exploring solutions for 2023
Slide 16: Updated JORC Standard Mineral Resources & Reserves
UPDATED JORC STANDARD MINERAL RESOURCES & RESERVES Mineral Resources and Updated: November 2025 : with 47% Increment in Reserves Reserves Updated February 2026 : with 66% Increment in Resources Area Mt % Total Carbon Inferred 8.14 5.36% Metallurgy Indicated 14.19 5.50% Northern Syncline Upgraded Con
Slide 17: info@blencoweresourcesplc.com 167-169 Great Portland Street, Fifth Floor
+44(0)1624 681 250 info@blencoweresourcesplc.com 167-169 Great Portland Street, Fifth Floor London, W1W 5PF
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