Blencowe Resources Plc (LSE:BRES) said drilling at the newly identified Iyan deposit within its Orom-Cross project has delivered encouraging results, with the first deep hole intersecting continuous high-grade graphite mineralisation from near surface to around 100 metres depth. The company said the findings point to meaningful upside potential for the overall resource.
Management noted that the Iyan discovery appears to link geologically with the nearby Northern Syncline, suggesting a broader mineralised system across the project area. The results support the long-term scale of Orom-Cross and may contribute to future updates of the project’s JORC-compliant resource, reinforcing its credentials as a globally significant graphite development.
More about Blencowe Resources Plc
Blencowe Resources Plc is a graphite exploration and development company focused on advancing the Orom-Cross project in Uganda. The project is recognised for its high-quality graphite, including a substantial proportion of large flake material. Blencowe holds a 21-year mining licence at Orom-Cross and has completed a Definitive Feasibility Study, positioning the project for progression towards first production.
Leave a Reply