Blencowe Resources (LSE:BRES) releases ‘outstanding’ Definitive Feasibility Study for its world class Orom-Cross graphite mine in Uganda.
After the most recent JORC resource update lifted project reserves, the DFS reveals an initial 15-year life of mine with expectations of ‘significant’ extensions as further drilling converts additional resources to reserves.
With the potential for another big JORC update early next year, Chief executive Mike Ralston says Orom-Cross is a ‘fabulous’ project emerging in a growing market.
In this interview investors will learn:
- What the results of the 39 infill holes in the JORC update revealed, with data from another 192 holes flagged for release early 2026
- Why current estimates of up to 3 billion tonnes of graphite at Orom-Cross suggests life-of-mine could be hundreds of years
- How the downstream processing element of the business has more than doubled the NPV of the project with the potential of becoming one of the first plants outside China
- What six fundamentals differentiate Orom-Cross from its peers and how potential rewards for shareholders have been elevated
- How the current trend of offtakers seeking supply strengthens Blencowe’s business model
- What the likely news flow will be in the first quarter of 2026
Reasons to add Blencowe Resources Plc (LSE:BRES) to your watchlist:
- Blencowe is 100% owner of the Orom-Cross Graphite project in Uganda, one of the world's largest estimated graphite deposits
- Plans to build an in-country downstream purification facility in Uganda to upgrade graphite concentrate to battery ready SPG - making Blencowe one of the few delivering 99.95% purified graphite products outside of China
- BRES has received US$5m grant from the DFC, LoI for funding from the AFC and is a member of the international SAFELOOP consortium - a €100 billion European initiative focused on the EU's renewable energy transition - and received full Minerals Security
- Partnership accreditation, which provides international exposure at the highest level
- First production targeted 2026
- Shallow mineralisation supports low-cost mining advantage
- Shares trading near a five-year high
- Blencowe’s performance shares and option tranche aligns directors with shareholders
Mike Ralston, CEO of Blencowe Resources was interviewed for focusIR by Sarah Lowther.
