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Blencowe Resources

Blencowe Resources (BRES) has completed a second phase exploration programme over identified geophysical targets situated immediately north and south of its existing deposits at the Orom-Cross graphite project in northern Uganda.

Blencowe extends graphite mineralisation at Orom-Cross along 25km of strike, following new geophysical work

Blencowe Resources has released a new investor interview with Interim CEO Iain Wearing, who discusses his background in mining and project development, alongside his role in progressing the Orom-Cross Graphite Project.

Blencowe Resources: Interim CEO Investor Interview

The broker's price target represents upside of around 700% on the current price

Cavendish says Blencowe’s new interim CEO is “safe pair of hands” and boosts target to 47.9p

Following the completion of a DFS earlier this year, Blencowe has minimal ongoing workstreams, and its cash balance is significance for its immediate and medium-term needs

Blencowe appoints Iain Wearing interim chief executive, as financing discussions continue

Blencowe's graphite continues to meet approval from high end users, as the latest testing shows it effective in use in rockets travelling at Mach 5.5. Meanwhile, the company continues to work away at funding for the development of the Orom-Cross project, with off-take deals already in place for phase one. In this interview the company's chief executive Mike Ralston says he expects funding to be put in place by end-2026.

Blencowe expects funding by end-2026

Blencowe Resources (BRES) has reported successful testing of its Orom-Cross graphite across multiple critical components of a hypersonic rocket that reached speeds of Mach 5.5 during a US test programme.

Blencowe Resources' graphite powers successful Mach 5.5 hypersonic rocket test

Cavendish has highlighted a potentially valuable new sales pathway for material generated as a by-product of Blencowe Resources’ planned USPG (Uncoated Spherical Purified Graphite) production at the Orom-Cross graphite project in Uganda.

Cavendish highlights battery pathway for Blencowe’s Orom-Cross graphite by-products

Blencowe Resources (BRES) has reported further positive test results for graphite from its Orom-Cross project in Uganda, demonstrating its potential across military batteries, grid energy storage and data centres and providing a higher-value use for material generated as a by-product of the planned beneficiation process.

Blencowe Resources advances military battery programme with Orom-Cross graphite

Blencowe Resources (BRES) has received a positive assessment from Cavendish, which reiterated its Buy recommendation and 47.9p target price following encouraging progress in high-value aerospace and defence applications for graphite from its Orom-Cross project in Uganda. 

Cavendish reiterates buy on Blencowe Resources as defence offtake potential grows

Blencowe Resources (BRES) said graphite from its Orom-Cross Project in Uganda is progressing into specialist anti-radar and electromagnetic interference (EMI) shielding applications for unmanned aerial vehicles (UAVs) and other defence platforms, opening a potential high-value offtake opportunity. 

Blencowe Resources targets high-value defence market with Orom-Cross graphite

The broker argues that with China's current dominance of the graphite market, projects like Blencowe's, which lie outside the Chinese sphere of interest, are likely to command significant attention

Cavendish highlights the potential of Blencowe’s Orom-Cross project in lengthy note on graphite

Blencowe has a world-class graphite development in the works at Orom-Cross in Uganda, and is currently in talks as regards financing

Blencowe secures site for graphite processing operations in Uganda

Yuen Low, director of research at Cavendish joins Vox for a discussion about Blencowe Resources, a company he has just issued an extensive report on. Low talks about his aggressive price target of 47.9p for the company, and his expectations that in due course EBITDA from Blencowe's Orom-Cross graphite project in Uganda could go into the hundreds of millions of dollars. Key to his optimism is the new paradigms in financial markets being shaped by resource nationalism and Chine

Mining Matters - Cavendish says Blencowe Resources shares could go 500% higher

Blencowe has recently added significantly to the resource at Orom-Cross, and outlined a clear economic case for development

Cavendish sees 518% upside for Blencowe, as it sets 47.9p target

Blencowe has just delivered an updated definitive feasibility study for its Orom-Cross graphite project in Uganda

Oak Securities sets 35.7p target for Blencowe Resources

Blencowe has updated its models for Orom-Cross, which now presents as a US$1.25 billion project likely to generate around US$4 billion over a 15-year life of mine

Blencowe blows old DFS out of the water with new updated numbers for Orom-Cross

Blencowe Resources has released an updated definitive feasibility study for its Orom-Cross graphite project in Uganda. The new study has boosted net present value by 15% to US$1.24 billion, and increased the projected cashflow over the life of the mine by 100% to over US$4 billion. These are big numbers, especially considering that the capex number remains the same. Meanwhile, the company is continuing funding talks with renewed confidence. Mike Ralston, Blencowe's chief exec

Blencowe boosts Orom-Cross with updated DFS

Blencowe Resources has released details of a maiden JORC resource for the Beehive deposit, part of the company's 100% owned Orom-Cross graphite project in Uganda.

Blencowe’s Beehive Boost

Blencowe's seventh round of drilling has delivered a 21 million tonne boost to the resource base at Orom-Cross, but there's still potential for more

Blencowe Resource boosts Orom-Cross resource with major update from Beehive

Blencowe's Orom-Cross graphite project is large, high-grade, and moving rapidly towards development

Blencowe’s graphite used in US rocket testing

Beehive could add substantially to the already handsome resource established at the wider Orom-Cross graphite project in Uganda

Blencowe releases final batch of assays from Beehive, JORC resource expected shortly

Beehive is part of Blencowe's wider Orom-Cross graphite project in Uganda, which is already well-advanced in terms of resource, economics, and potential customers

Blencowe now preparing maiden resource for Beehive in Q2, following further strong assays

The results indicated that Beehive has the potential to provide near-surface bulk-tonnage material to a broader operation at Orom-Cross

Blencowe reports high grade graphite assays from Beehive

Blencowe has announced the addition of a JORC resource for the Iyan deposit at its Orom-Cross graphite project in Uganda. The total resource at the project now stands at 43 million tonnes of ore, with only 2% of the surface area of the licence drilled. The company will also be releasing further drill results from the Beehive deposits in due course, and these will lead on to a further resource upgrade. Will Orom-Cross go through the magic 50 million tonnes mark? It's a number 

Significant resource update at Blencowe's Orom-Cross graphite project

Blencowe has already produced a definitive feasibility study for Orom-Cross, but the continuing demonstration of further upside at the project only adds to the optionality on offer

Blencowe reveals maiden JORC resource for Iyan, boosting overall Orom-Cross ore to 43 million tonnes

An update to the JORC resource at the Iyan deposit of the Orom-Cross graphite project is expected before the end of the first quarter

Blencowe Resources closes in on resource boost, as more high grade hits returned from Iyan

Blencowe has a high-grade, large-scale graphite project in Uganda

Blencowe Resources notes US government’s latest anti-China graphite trade measures

Blencowe has already lined up several potential revenue streams to be generated by production from Orom-Cross. Diamonds adds one more

Blencowe showcases potential for production of synthetic diamonds from Orom-Cross graphite

Blencowe has more results to release later this month, and will then move towards putting out a resource update for Orom-Cross before the end of the current quarter

Blencowe builds out the Orom-Cross resource with more high grade graphite at Iyan

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Blencowe has released results from the first 15 holes of its most recent 72-hole drill campaign at Orom-Cross, and they do not disappoint

More stellar drill results from Blencowe’s Orom-Cross graphite project

Blencowe has released its full year results for the year to end September, highlighting a period of substantial progress and transformation for the company

Strong outlook for graphite, says Blencowe’s Ralston, as full year financials showcase progress at Orom-Cross

Blencowe is beginning to build a range of options for the processing of graphite from its Orom-Cross project, and one aspect of this is a notable independence from the Chinese supply chain

Blencowe signs Letter of Intent with specialist graphite processing organisation Alkeemia

Blencowe has already demonstrated similar levels of product purification with the help of a US partner, but this news builds bridges into the EU

Blencowe returns exceptional high grade purification testwork results for graphite from Orom-Cross

The broker notes the company has recently raised money, and that "non-Blencowe equity structures" are likely to be used to get phase one of the Orom-Cross graphite project into production

Oak Securities sets 33.7p price target for Blencowe Resources

Blencowe has new released the results from three deep drillholes at Beehive, and all showed significant graphite mineralisation. The company still has a significant amount of assay results to come from a parallel shallow drilling campaign at Beehive, as well as results from nearby Iyan. 

Blencowe delivers more standout drill results from Beehive, supporting the potential for multi-decade production

Blencowe Resources (BRES) has reported the first deep hole assay results from the newly identified Beehive Deposit at its Orom Cross graphite project in Uganda. Beehive sits within the existing Mining Licence (ML1959) and is located around three kilometres from the Northern Syncline and Camp Lode deposits.

Blencowe Resources reveals significant deep drilling result from Beehive graphite discovery

Blencowe is due to release a resource update early in the New Year, following the release of a significant amount of further drill results which still remain pending

Blencowe’s latest deep drillholes confirm Iyan as a major new graphite deposit at Orom-Cross

Orom-Cross is shaping up to be a globally significant graphite project, with huge potential upside to the tonnage 

Blencowe Resources hits more high-grade graphite in deep drilling at Iyan

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Blencowe recently released a definitive feasibility study in relation to its Orom-Cross graphite project in Uganda

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Blencowe's latest offtake deal covers annual production of 500 tonnes of medium flake graphite from Orom-Cross

Blencowe Resources signs additional offtake deal for Orom-Cross graphite

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Blencowe Resources Plc, the natural resources company developing the Orom-Cross graphite project in Uganda, is pleased to announce that it has published an updated corporate presentation incorporating the key outcomes of the recently released Definitive Feasibility Study ("DFS").

Orom-Cross Graphite Project - Advancing towards First Production

The definitive feasibility study sets a net present value for Orom-Cross of over US$1 billion, and estimates the internal rate of return at greater than 95%

Blencowe releases DFS for Orom-Cross, showcasing world-class margins and $2bn in free cashflow

Blencowe Resources has released two major items of news over the past couple of days. The first was a significant update to resources and reserves at its Orom-Cross graphite project in Uganda. The second was the release of a definitive feasibility study for Orom-Cross outlining a development scenario generates significant earnings and cashflow and that shows an internal rate of return of over 90%. The net present value is set at over US$1 billion. CEO Mike Ralston joins Vox t

Blencowe delivers big resource update and even bigger DFS

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Both reserves and resources have been significantly boosted in this latest upgrade, but there's still plenty more on the table as results from a substantial portion of the drilling recently undertaken have yet to be incorporated. Watch for a further update in 2026

Blencowe posts transformational JORC reserve and resource numbers for Orom-Cross graphite project

Blencowe has returned yet more high grade drilling results from its Orom-Cross graphite project in Uganda, and is now moving rapidly towards completing a JORC update and a corresponding definitive feasibility study

Blencowe releases final assay results from Northern Syncline, moves to complete JORC resource

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Recent testing has shown Blencowe's graphite to be of a very high quality, and now the company is confirming that it has very high grade material too. Next will be an updated JORC resource, that will show reserves as well, and that will be followed by a fully-fledged definitive feasibility study

Blencowe Resources hits more high grade graphite at Orom-Cross, as new JORC resource nears

Blencowe's chief executive Mike Ralston joins Vox for an update on results from the latest testwork conducted on graphite from the company's Orom-Cross project in Uganda. Thus far, graphite tested has proved to be of exceptional quality, and highly desirable for potential off-takers and other customers. Ralston also updated on progress with the ongoing definitive feasibility study at Orom-Cross, as well as the upcoming newsflow, which will include drill results and an updated

Tests prove Blencowe's graphite among the best in the world

Blencowe Resources’ shares are near 12-month highs as tests show its Orom-Cross graphite boosts lead-acid battery performance. With agreements in place with several potential customers and a Definitive Feasibility Study due soon, market interest is growing.

Blencowe’s shares near 12-month high

Orom-Cross graphite improved the capacity, charge, resistance to sulfation and cycle life of lead-acid batteries, emphasising the exceptional quality of the product Blencowe has on offer

Blencowe’s Orom-Cross graphite delivers significant performance boost to batteries

A definitive feasibility study for Blencowe's Orom-Cross graphite project is nearing completion, partly funded by the US development bank, the DFC

Blencowe’s performance shares and new option tranche further aligns directors with shareholders

The results of Blencowe's largest ever drilling campaign are beginning to come in, and so far they look pretty good

Blencowe delivers more high grade graphite results at Orom-Cross, with DFS update imminent

Blencowe will complete the definitive feasibility study for Orom-Cross in the fourth quarter of this year, using part of the funds raised

Blencowe Resources raises £1.12 million, now fully funded for DFS and beyond

Miner Blencowe Resources has raised Â£1.12m to provide a "clear runway" to complete testing and aid financing of the Orom-Cross graphite project in Uganda.

Blencowe Resources raises cash to progress Ugandan graphite project

Blencowe is now well advanced with a definitive feasibility study for the Orom-Cross graphite project in Uganda. Financing will be the next meaningful step, and significant relationships are already in place

Blencowe appoints WaterBorne Capital to advise on project finance for Orom-Cross

Blencowe Resources (BRES) has completed all major infrastructure workstreams within the Definitive Feasibility Study (DFS) for its Orom-Cross graphite project in Uganda, alongside a record drilling campaign designed to expand the mineral resource.

Blencowe Resources targets resource upgrade as major Orom-Cross DFS workstreams conclude

The vendor of Blencowe's asset actually incurred this charge, but didn't pay it, so now Blencowe is tidying up before moving on to bigger and more important issues

Blencowe Resources raises £290,000 to settle capital gains charge

This deal adds a significant extra dimension to Blencowe's existing off-take arrangements, which are focussing on higher-margin Western customers

Blencowe signs offtake agreement with the UK’s Perpetual Advanced Materials

Blencowe's Mike Ralston talks to Vox about the latest off-take deal the company has struck in relation to graphite from its Orom-Cross project in Uganda. The deal has also sparked interest from the UK government

Q&A with Blencowe Resources CEO, Mike Ralston

This latest round of drilling has established the potential of Orom-Cross at greater depths than was previously known, and has also delineated a new deposit

Blencowe completes stage 7 drilling at Orom-Cross

Work continues on the Orom-Cross graphite project in Uganda and, as the company has met new milestones the DFC has released new funds

Blencowe Resources receives further $750,000 grant from DFC

Blencowe continues to build strength in depth at the Orom-Cross graphite project in Uganda, as the mineralised footprint grows and the results of the resource upgrade and ongoing definitive feasibility study near

Blencowe completes three holes at Northern Syncline, confirming mineralisation at depth

Blencowe's Orom-Cross graphite project in Uganda is shaping up to be globally significant

Blencowe Resources expands extent of graphite mineralisation at Beehive significantly

Todays top RNS's: Smarter Web Company, Shell, Blencowe Resources & more

Todays top RNS's: Smarter Web Company, Shell, Blencowe Resources & More

Blencowe's Orom-Cross graphite project in Uganda is large, well advanced, and attracting interest from all sorts of quarters

Blencowe updates on advances at Project SAFELOOP, which may put Orom-Cross at the heart of new EV technology

Todays top RNS's: Phoenix copper Ltd, Blencowe Resources, AFC Energy and more

A definitive feasibility at the Orom-Cross graphite project is nearing completion, while in the background talks with off-takers and potential financing partners continue

Blencowe posts results for the six months to March 2025, updates on progress at Orom-Cross

Blencowe Resources is on the cusp of completing a definitive feasibility study for the Orom-Cross graphite project in Uganda, at which point the remaining tranches of DFC funding should be triggered

Blencowe Resources

Latest Coverage

Blencowe extends graphite mineralisation at Orom-Cross along 25km of strike, following new geophysical work

Blencowe Resources: Interim CEO Investor Interview

Cavendish says Blencowe’s new interim CEO is “safe pair of hands” and boosts target to 47.9p

Blencowe appoints Iain Wearing interim chief executive, as financing discussions continue

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