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Blencowe Assets Plc (LSE: BRES), the pure sources firm advancing the Orom-Cross graphite mission in Uganda, is happy to announce additional assay outcomes from its Stage 7 drilling programme at its flagship Orom-Cross graphite mission in northern Uganda.
The Stage-7 marketing campaign, the biggest undertaken by the Firm to-date, mixed geotechnical drilling, infill drilling and exploration drilling (each step-out and deep drilling) throughout a number of deposits, together with Camp Lode, Northern Syncline and Beehive.
The programme is designed to each increase and improve current mineralisation with the infill part particularly centered on changing current JORC Assets into Reserves for inclusion throughout the Definitive Feasibility Research (DFS), which stays on observe for completion in This fall 2025.
Preliminary assays from the infill drilling at Camp Lode have delivered a sequence of sturdy, high-grade near-surface hits, underscoring Orom-Cross’s distinctive mix of scale, shallow mineralisation and low-cost, open-pit potential.
First outcomes from the Northern Syncline, the place drilling focused each infill and deeper extensions, at the moment are in last lab phases and will likely be reported on imminently in a separate announcement.
Highlights – Camp Lode:
- Gap L1602: 27.49m @ 8.18% TGC; together with 6.4m @ 10.19% TGC and 10.95m @ 11.13percentTGC
→ Confirms high-grade continuity to the south-east. - Gap L1703: 25.39m @ 7.34% TGC, together with 10.41m @ 11.27% TGC.
- Gap: L1803: 27.75m @ 5.41% TGC, together with 10.89m @ 9.73percentTGC from floor to 12m.
- Gap L1502: 16.26m(TW) @ 7.37% TGC from floor to 17m in depth.
- Gap L1601: 13.63m @ 6.18% TGC.
- Gap L1703: 27.49m @ 8.18% TGC, together with 6.4m @ 10.19% TGC and 10.95m @ 11.13percentTGC
Significance:
These outcomes verify high-grade extensions inside and adjoining to the deliberate pit space, offering further higher-grade tonnes that may strengthen early-stage mission economics. Entry to elevated-grade materials early within the mine schedule is anticipated to reinforce money stream and shorten payback as soon as operations begin.
Drilling Programme Integration
- Geotechnical and infill drilling knowledge will likely be mixed within the up to date geological mannequin to feed detailed mine design and mine sequencing for the Definitive Feasibility Research.
- Mixed with assay outcomes from the Northern Syncline infill this knowledge will feed into the JORC Useful resource and Reserve improve, focused to materially improve the mineable tonnage throughout the DFS.
- Northern Syncline extensions and Beehive deposit will each ship tonnes right into a revised Orom-Cross exploration goal to spotlight future potential.
- Laboratories have confirmed that Northern Syncline infill assays are being finalised, and outcomes are anticipated shortly. This space hosts large-tonnage, moderate-grade mineralisation, superb for long-term manufacturing feed and mixing flexibility.
Everlasting Camp Building
Work is now nearing completion on a everlasting camp at Orom-Cross, which can help additional exploration in 2026 and supply amenities for contractors throughout mine development. This everlasting camp is scheduled for completion in late October 2025 (see Appendix).
Government Chairman Cameron Pearce commented:
“The infill assays are starting to come back by and to this point they’re wonderful. The outcomes from Camp Lode verify additional lengthy intersections of high-grade, near-surface graphite that may strengthen early-stage mission economics, whereas the broader Stage 7 drilling programme continues to ship precisely what we hoped for, specifically development, continuity, and extra tonnes for conversion to Reserves.
All this knowledge will feed immediately into our upgraded JORC Useful resource assertion and the Definitive Feasibility Research, which each stay on observe for completion for This fall 2025. The DFS will in flip enable us to maneuver immediately into mission financing discussions, leveraging the sturdy relationships we’ve already constructed and opening new ones as we take Orom-Cross into Section 1 growth.
On the similar time, in depth testing programmes proceed to validate Orom-Cross as a globally aggressive graphite supply. Impartial laboratories together with graphite specialists Wuhan College in China and American Power Applied sciences within the U.S. have confirmed SPG purities as much as 99.99%, whereas current SAFELOOP testing demonstrated one of many highest pure graphite loadings ever recorded in an EV battery anode at 68%. Most just lately, Apollo Power Techniques within the U.S. achieved a 12% efficiency achieve utilizing Orom-Cross graphite in lead-acid batteries, opening one other diversified massive market alternative.
These are all distinctive outcomes that reinforce the tier one high quality and flexibility of our product and mission. They arrive as we close to completion of the DFS, which can showcase Orom-Cross as one of many cleanest, most superior and commercially enticing graphite tasks globally.”
Preliminary drill outcomes Camp Lode
Additional Drilling Element
The Firm drilled 11 diamond drillholes within the Camp Lode deposit as a part of a Useful resource infill and improve train. At Camp Lode, these holes have indicated a doable grade extension to the orebody within the south-east, with the holes infilling an space between the primary drilling from the Stage 6 program and exploratory holes drilled in Stage 5 to outline the possible restrict of the lode. The resultant assays signify very excessive grades of graphite compared to the general Orom-Cross useful resource.
The intersections from this system all happen throughout the space of the finished drilling with the vast majority of the intersection occurring inside 26 meters of the floor. The flexibility to mine substantial quantity of graphite from shallow depths contributes to Orom-Cross having working prices sitting throughout the lowest percentile of graphite tasks worldwide, and that is thought of a serious benefit as Blencowe drives in direction of first DFS completion and Section 1 manufacturing.
The outcomes from these 11 holes at Camp Lode, plus the 4 geotechnical holes just lately introduced, will likely be included throughout the useful resource mannequin updates. The assay labs are persevering with to prioritise the Orom-Cross samples and the Firm expects additional outcomes shortly.
For additional info please contact:
Twitter https://twitter.com/BlencoweRes
LinkedIn https://www.linkedin.com/firm/72382491/admin/
Background
Orom-Cross Graphite Mission
Orom-Cross is a possible world class graphite mission each by measurement and end-product high quality, with a excessive part of extra precious bigger flakes throughout the deposit.
A 21-year Mining Licence for the mission was issued by the Ugandan Authorities in 2019 following in depth historic work on the deposit and Blencowe is finalising the Definitive Feasibility Research section because it drives in direction of first manufacturing.
Orom-Cross presents as a big, shallow open-pitable deposit, with a maiden JORC Indicated & Inferred Mineral Useful resource deposit of 24.5Mt @ 6.0% Whole Graphite Content material. Improvement of the useful resource is anticipated to learn from a low strip ratio and free dig operations, thereby guaranteeing decrease working and capital prices.
Appendix
First everlasting camp amenities nearing completion at Orom-Cross.
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