Blencowe Resources Plc · LSE:BRES

Blencowe Resources — Investor Presentation (November 2025)

21 slides from Blencowe Resources's investor presentation, November 2025

  1. Slide 1: Orom-Cross Graphite Project

    OROM-CROSS GRAPHITE PROJECT A Unique Battery Metals Project within A Global Energy Transition November 2025 LSE:BRES blencoweresourcesplc.com

  2. Slide 2: World Class Orom-Cross Graphite Project: The Journey So Far

    WORLD CLASS OROM-CROSS GRAPHITE PROJECT The Journey So Far 2020 2021 2022 2023 2024 2025 2026 Value Inflection Point Revised JORC Resource Completed new 6,750m Acquired Maiden JORC Pre-Feasibility Definitive-Feasibility & Reserves plus drill program Orom-Cross Resource Study Study Metallurgical test

  3. Slide 3: What Makes Orom-Cross a Standout Project

    WHAT MAKES OROM-CROSS A STANDOUT PROJECT “ 100% Owned Tier-One Project with 2-3 billion tonnes estimated resource Initial JORC Resource 24.5Mt based on just 2% of license area drilled to date. Third Blencowe drill programme completed 2Q 2025 targeting substantial increase to this Resource. 21-Year M

  4. Slide 4: Key Differentiation

    KEY DIFFERENTIATION “ 6 Key Fundamentals: Low Operating Costs Unique Factors that set Orom-Cross apart – critical to deliver margins required for Unique Relationships: Core Strategy: SPG Facility Orom-Cross Project commercial success Development Finance Corp Uplifting value of end-products by sellin

  5. Slide 5: Unique Relationships

    UNIQUE RELATIONSHIPS 5

  6. Slide 6: 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

  7. Slide 7: Minerals Security Partnership: Full Accreditation

    MINERALS SECURITY PARTNERSHIP: FULL ACCREDITATION “ Another Tier One relationship adding value OROM-CROSS FUNDING SOLUTION to Orom-Cross Minerals Security Partnership Alliance of 14 countries and EU to catalyse public and private investment to support critical minerals supply: Possible MSP Funding (

  8. Slide 8: Strategy

    ae ik STRATEGY _

  9. Slide 9: Addressing Fundamental Issues

    ADDRESSING FUNDAMENTAL ISSUES “ Blencowe is Addressing the Biggest Challenge for Commercial Success in Graphite Mining Graphite producers selling Concentrate Only will receive lower prices for sale of bulk quantities of small flake concentrate into Asian markets, which will likely reduce their overa

  10. Slide 10: Value-Adding Strategy

    VALUE-ADDING STRATEGY “ Delivers Higher Prices/Revenues and Lowers Operating costs Micronisation Downstream Beneficiation Further grinding post-concentrate to Downstream processing in Uganda deliver 5 niche micronised products: upgrading 96% concentrate to battery- (45 / 25 /15 / 10 / 5 microns) rea

  11. Slide 11: Production Strategy

    PRODUCTION STRATEGY “ Move to First Production by End-2026 and Ramp Up thereafter based on Delivery, Experience and Success 2026 2027 2028 2030 2032 Orom-Cross Downstream Beneficiation Orom-Cross Phase 1 Phase 2 Phase 3 Phase 4 Phase 5 Production up to 20,000t Ramp up to 70,000t Ramp up SPG Facility

  12. Slide 12: Sustainability

    SUSTAINABILITY 12

  13. Slide 13: 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

  14. Slide 14: 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

  15. 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

  16. Slide 16: Corporate Overview

    CORPORATE OVERVIEW LSE:BRES Share Price Issued Shares 403m Warrants 83m (6.0p VWAP) Options 24m (5.0-6.0p exercise price) Performance Shares 12m Fully Diluted 522m Market Cap £32m (at 8.25p) (Fully diluted) £43m (at 8.25p) Additional Funds Incoming Outstanding DFC Grant Funding $0.25m (£0.2m) Signif

  17. Slide 17: Board of Directors and Senior Management

    BOARD OF DIRECTORS AND SENIOR MANAGEMENT BOARD Cameron Pearce Alex Passmore Sam Quinn CHAIRMAN NON-EXEC DIRECTOR NON-EXEC DIRECTOR Corporate executive with 20 years’ experience Senior mining executive and geologist with UK lawyer with 15 years’ LSE capital markets developing junior resource companie

  18. Slide 18: Pre-Feasibility Study (2022): Project Economics

    PRE-FEASIBILITY STUDY (2022): PROJECT ECONOMICS US$482M 49% 14 Years Net Present Value8 Initial Stage Life of Mine IRR8 (post-tax) (from ~2% of deposit (post-tax) drilled to date) 101,000tpa US$100M US$62M Average Production of 97% Average EBITDA pa LOM Initial Capital Required Concentrate over Life

  19. Slide 19: Appendix

    APPENDIX. 19

  20. Slide 20: JORC Standard Mineral Resource (2022)

    JORC STANDARD MINERAL RESOURCE (2022) “ Revised JORC Resource Statement due by end-November 2025 – with just ~2% of Orom-Cross Project drilled to date Mineral Resources Metallurgy Area Mt % Total Carbon Upgraded Concentrate Recoveries Deposit (% TGC) (%) Inferred 10.6 5.78 Northern Syncline 98.1% 80

  21. Slide 21: Contact

    +44(0)1624 681 250 info@blencoweresourcesplc.com 167-169 Great Portland Street, Fifth Floor London, W1W 5PF

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