Blencowe Resources Plc · LSE:BRES
Blencowe Resources — Investor Presentation (August 2026)
18 slides from Blencowe Resources's investor presentation, Aug 31, 2026
Slide 1: Orom-Cross Graphite Project
OROM-CROSS GRAPHITE PROJECT Uganda / East Africa Key Critical Mineral Project Moving to Near Term Production LSE:BRES blencoweresourcesplc.com
Slide 2: The Journey So Far
“Natural flake graphite demand is forecast to double by 2030” International Energy Agency The Journey So Far 2020 2021 2022 2023 2024 2025 2026 2027 Value Inflection Point Revised JORC Pre-Feasibility Definitive- Completed 7,000m drill Acquired Maiden JORC Resource & Feasibility Study programme Upda
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 168% to 64.3Mt @ 6.04% TGC following Stage 7 / 2025 drill program (at 3.5% TGC cut-off) ➢ JORC Reserves increased 47% to 23Mt @ 5.18% TGC in Stage 7
Slide 5: Updated JORC Standard Mineral Resources & Reserves
UPDATED JORC STANDARD MINERAL RESOURCES & RESERVES Mineral Resources and Reserves Stage 7 (2025) Drill Programme: Area / Deposit Mt % Total Carbon Updated: November 2025 : with 47% Increment in Reserves Inferred 8.14 5.36% Updated February 2026 : with 66% Increment in Resources Indicated 14.19 5.50%
Slide 6: 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 7: Low Capex / Low Opex – Strong Fundamentals
LOW CAPEX / LOW OPEX – STRONG FUNDAMENTALS Third party validation places Orom-Cross favourably against graphite peers in lowest operating cost / low capital intensity 1,000 Montepu… Chilalo Kookabu… Mani… Lac Knife Okanjande Capital Intensity is defined as the Balama Central amount of capital requir
Slide 8: Updated Definitive Feasibility Study: Project Economics
UPDATED DEFINITIVE FEASIBILITY STUDY : PROJECT ECONOMICS US$1.254 Bn HIGHLIGHTS Net Present Value10 51% Optimisation of DFS to incorporate changes since Dec 2025, IRR10 (post-tax) (post-tax) including new products and prices, new offtakers, increased reserves and updated costs ✓ NPV10 US$1.254 Bn -
Slide 9: 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 10: 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 11: Phased Production Roll Out
PHASED PRODUCTION ROLL OUT “ First Production by end-2027 and Ramp Up thereafter based on Delivery, Experience and Success 2026/7 2028/9 2029 2030/31 2032/33 Orom-Cross Downstream Beneficiation Orom-Cross & Downstream Beneficiation Phase 1 Phase 2 Phase 3 Phase 4 Phase 5 Ramp up to 70,000tpa Build S
Slide 12: Production / Sales Strategy – Phase One
PRODUCTION / SALES STRATEGY – Phase One Phase 1 Production All sold directly as Concentrates 45% = 9,000tpa Large flake concentrate Pricing $1,200/t - $2,500/t for different ---------------------------- 100% Offtake Agreements mesh-sized products Average Pricing $1,650/t 20,000tpa concentrate 55% =
Slide 13: Corporate Overview
CORPORATE OVERVIEW Main Board London Stock Exchange (LSE:BRES) Share Price Issued Shares 498m Warrants 43m (~6.0p VWAP) Performance Shares 28m Options 15m (6.5p exercise price) Fully Diluted 584m Market Cap £42m (at 8.5p) (Fully diluted) £50m (at 8.5p) Major Shareholder – Board & Management 14% DIRE
Slide 14: Appendix
APPENDIX. 14
Slide 15: DFC: Project Funding Partner
DFC : PROJECT FUNDING PARTNER DFC 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 Blencowe
Slide 16: 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 17: 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 18: Contact
+44(0)1624 681 250 info@blencoweresourcesplc.com 167-169 Great Portland Street, Fifth Floor London, W1W 5PF
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