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sasha.sethi@blencoweresourcesplc.com

Investor Relations

Sasha Sethi

Tel: +44 (0) 7891 677 441

Tavira Financial

Jonathan Evans

Tel: +44 (0)20 3192 1733

18th December 2025 / Leave a comment

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Map 1: Showing the 4x Orom-Cross deposits, including Camp Lode, Northern Syncline, and new Iyan (NS western limb) and Beehive (GT 01a) deposits.

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Diagrams 1-3: Beehive Core

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#BRES Blencowe Resources PLC – Further Strong Deep-Hole Results at Iyan

Blencowe Resources Plc (LSE: BRES) is pleased to report the remaining deep-hole assay results from the newly identified Iyan Deposit, located immediately adjacent to the Northern Syncline at the Orom-Cross graphite project in Northern Uganda.

Following Iyan’s exceptional debut hole (L909B), assays from two further deep holes L908B and L910B confirm continuous, thick graphite mineralisation from or near surface to ~100 metres, with all deep holes ending in graphite. This indicates a robust, open system with clear multi-decade production potential, extending well beyond the initial 15-year mine life defined in the DFS.

Highlights

· Remaining deep holes at Iyan deliver thick, continuous graphite from surface to ~100m, with all holes ending in mineralisation.

· Results strongly support multi-decade production potential, far beyond current 15-year DFS mine life.

· Iyan confirmed as a major new deposit, not included in the current Orom-Cross JORC Resource.

· High-grade internal zones up to 13.9% TGC strengthen overall grade and development quality.

· First deep-hole assays from Beehive, the second new deposit identified in Stage 7, are expected by Christmas, with first Iyan shallow and step-out assays expected early into the New Year.

· 186 remaining shallow and step-out assays from both Iyan and Beehive prospects are pending, and these will underpin a JORC Resource upgrade in early 2026.

Iyan is a major new deposit adjacent to existing mineable deposit at Northern Syncline and not included in our recent JORC Resource reported in November 2025. Iyan will be included in the forthcoming 2026 JORC resource upgrade. 74 holes of the remaining 186 shallow and step-out holes completed in Stage 7 were drilled at Iyan, and these assays will help define further near-surface tonnage required to expand life of mine and project scale.

Assays from the three deep holes at the Beehive Deposit, the second newly identified mineralised zone in this programme, are expected shortly.

Iyan Deep Holes: L908B and L910B Confirm Continuity and High-Grade Zones

Hole L908B (Iyan):

· 12.05m (TW) @ 5.61% TGC from surface to 16.63m,

including 2m @ 9.56% TGC and 3m @ 11.55%TGC

· 54.50m (TW) @ 4.54% TGC from 46.1m to 118m,

including 5m @7.89%TGC and 6m @7.34%TGC (higher-grade internal zones)

These long mineralised intervals demonstrates both scale and grade consistency at depth, with multiple high-grade internal zones. The thickness and continuity closely match the structural trends observed within the Northern Syncline, reinforcing Iyan as its western extension.

Hole L910B (Iyan):

· 14.27m @ 4.22% TGC from 19.46-38.07m,

including 6m @ 6.97%TGC and 2m @ 8.57%TGC

· 16.15m (TW) @ 5.56% TGC from 99.98m to end-of-hole,

including 2m @ 13.92% TGC and 3.6m @ 9.74%TGC

The presence of repeated high-grade internal zones, including a standout 2m @ 13.92% TGC, highlights the high quality of the Iyan mineralisation. As with the other Iyan deep holes, L910B ended in graphite, confirming that the system remains open at depth and extends beyond current drilling limits.

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Executive Chairman Cameron Pearce commented:

“These follow-up deep-holes confirm Iyan as a major new graphite deposit alongside Northern Syncline, with continuous mineralisation to ~100 metres and every hole ending in graphite. This points clearly to multi-decade production potential which is a key message in ongoing discussions with strategic groups seeking secure long-term supply.

The presence of high-grade zones, including 2m at 13.92% TGC, underlines the quality of this discovery. Iyan sits within our 21-year Mining Licence and close to the proposed plant site, making it a strategically located addition to our development pipeline.

With more than 180 shallow and step-out holes still being processed, we anticipate significant newsflow ahead and remain confident of a material resource upgrade in early 2026.

The Beehive deep holes are next in line, and we are hopeful they will mirror the exceptional continuity and grade seen at Iyan. Orom-Cross is fast emerging as one of the most significant long-life graphite projects globally, and these results further enhance engagement with strategic groups focused on multi-decade supply security.”

For further information please contact:

Blencowe Resources Plc

Sam Quinn

www.blencoweresourcesplc.com

Tel: +44 (0)1624 681 250

sasha.sethi@blencoweresourcesplc.com

Investor Relations

Sasha Sethi

Tel: +44 (0) 7891 677 441

Tavira Financial

Jonathan Evans

Tel: +44 (0)20 3192 1733

12th December 2025 / Leave a comment

#BRES Blencowe Resources PLC – Exceptional Iyan Deep Hole Highlights Scale

Blencowe Resources Plc (LSE: BRES) is pleased to announce the first assay returned from the six deep holes drilled during the Stage 7 programme at Orom-Cross confirms substantial high-grade graphite mineralisation with near-continuous graphite intercepted from near surface to approximately 100 metres. This hole was drilled at the newly identified Iyan deposit (see Map 1).

Iyan lies immediately adjacent to the Northern Syncline and represents a new mineralised zone that is not included in the current JORC Resource reported in November 2025. The exceptional continuity and grades encountered over long intervals in this first deep hole indicate the potential for a material expansion of resources in future JORC updates.

Importantly, this hole remains open at depth demonstrating that the mineralised system continues beyond the limits of current drilling.

This result is the first of three deep holes drilled at Iyan, with assays pending for the remaining Iyan deep holes and also the three deep holes drilled at the new Beehive deposit. In parallel, assays also remain outstanding from a further 186 holes completed across these extensions, step-outs and shallow drilling within the broader Stage 7 programme.

Iyan Deposit – First Deep Hole (L909B) Confirms Continuous High-Grade Graphite to ~100m

The first deep hole drilled into the Iyan Deposit (L909B) returned continuous graphite mineralisation from 4 metres below surface to the end of hole at ~100 metres.

Key mineralised intervals (True Width):

· 18.85m @ 7.01% TGC from 4.0-32.7m

· 29.47m @ 5.34% TGC from 32.7-62.2m

· 10.88m @ 5.10% TGC from 62.2-73.1m

The hole concluded still in mineralisation, underscoring both the depth continuity and the likelihood of a significantly larger system extending below the current drilling limits.

Significance of the Iyan Discovery

The results from L909B confirm Iyan as a substantial new deposit, with several important implications:

· Not included in the current JORC Resource, so all mineralisation represents direct upside.

· Excellent continuity of grade from near surface to ~100m supports long-life, lower-cost open-pit mining potential.

· Located immediately beside the Northern Syncline, offering operational synergies.

· Interpreted to form the western continuation of the Northern Syncline, indicating a potentially far larger mineralised system.

· Enhances long-term project scale, supporting the Company’s ability to offer multi-decade supply potential to strategic partners.

These early results strongly support the view that Orom-Cross continues to scale into a globally significant graphite project.

Stage 7 Drilling Programme – Ongoing Assays

The remaining deep-hole assays from both Iyan and Beehive, together with results from the extensive shallow drilling completed across the remaining holes within the drill programme, will ultimately be incorporated into updated geological models. These datasets are expected to inform an additional resource upgrade in early 2026.

Executive Chairman Cameron Pearce commented: “These preliminary results from our first deep hole at Iyan have exceeded expectations, both in the exceptionally long intersections and the consistently higher grades returned. The picture emerging at Iyan is of a continuous ore body extending from surface to around 100 metres, and we were still in graphite when drilling stopped so its full depth is yet to be defined.

Iyan is a newly identified deposit named in recognition of local communities, and it represents a significant addition to our resource potential. Together with the Beehive deposit, these two new zones sit alongside Northern Syncline and Camp Lode within our 21-year Mining Licence and close to the proposed plant site.

External geological estimates of 2-3 billion tonnes for Orom-Cross are further supported by these deep-hole results and reinforce the long-term scale of the project as we move toward first production. Over half of the Stage 7 programme comprises shallow holes at Iyan and Beehive and as those results are returned in the coming weeks we expect substantial further newsflow. These new deposits have the potential to materially expand our resource base and may justify another JORC Resource upgrade in 1Q 2026.

Orom-Cross is rapidly emerging as one of the most significant graphite deposits globally, and these results further strengthen our discussions with strategic parties seeking secure, multi-decade supply.”

Preliminary drill results Lyan Deposit

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**ENDS**

For further information please contact:

Blencowe Resources Plc

Sam Quinn

www.blencoweresourcesplc.com

Tel: +44 (0)1624 681 250

sasha.sethi@blencoweresourcesplc.com

Investor Relations

Sasha Sethi

Tel: +44 (0) 7891 677 441

Tavira Financial

Jonathan Evans

Tel: +44 (0)20 3192 1733

27th November 2025 / Leave a comment

LinkedIn https://www.linkedin.com/company/72382491/admin/

Background

Orom-Cross Graphite Project

Orom-Cross is a potential world class graphite project both by size and end-product quality, with a high component of more valuable larger flakes within the deposit.

A 21-year Mining Licence for the project was issued by the Ugandan Government in 2019 following extensive historical work on the deposit and Blencowe has recently completed the Definitive Feasibility Study phase as it drives towards first production.

Orom-Cross presents as a large, shallow open-pitable deposit, with a JORC Indicated & Inferred Mineral Resource deposit of 26.1Mt @ 5.58%TGC and a Mineral Reserve of 23.08Mt at 5.18%TGC (Total Graphite Content). Development of the resource is expected to benefit from a low strip ratio and free dig operations, thereby ensuring lower operating and capital costs.

#BRES Blencowe Resources PLC – JORC Resource Upgrade

Blencowe Resources Plc (LSE: BRES) is pleased to announce the completion of the updated JORC 2012 Mineral Resource and Ore Reserve Statement (“JORC”) for its 100%-owned Orom-Cross Graphite Project in Uganda. This upgrade incorporates all the infill drilling undertaken in 2025 across the Camp Lode and Northern Syncline/Eastern Limb deposits and represents the final key technical input into the Company’s Definitive Feasibility Study (“DFS”), to be published shortly.

The updated JORC confirms a substantial increase in Ore Reserves and a meaningful uplift in Indicated Resources, further validating Orom-Cross as a large-scale, long-life, low-cost graphite project with significant future expansion potential. This upgrade comes at a strategically important time for the graphite sector as global demand for secure ex-China supply accelerates.

This update covers only infill drilling results from 39 holes at Camp Lode and Northern Syncline.

A further 192 step-out holes, drilled across the wider mining license area at the new Iyan and Beehive deposits, including the six deep drillholes (each of which terminated in graphite mineralisation at depths of ~100 metres), are yet to be incorporated. These results collectively demonstrate the broader system scale potential and are expected to support an additional JORC expansion post-DFS in 2026, providing a powerful growth runway for the Project.

JORC Resource & Reserve Statement (2025 Update)

Total JORC Ore Reserves (Proven + Probable):

· Proven Reserve: 1.29 Mt @ 5.13% TGC

· Probable Reserve: 21.78 Mt @ 5.18% TGC

· Total Ore Reserves: 23.08 Mt @ 5.18% TGC

This represents a significant uplift of 47% or 7.36Mt versus previous JORC Ore Reserve Estimate reported in 2022

Total JORC Mineral Resource (Measured + Indicated + Inferred at a 3.5%GC cut-off):

· Measured Resource: 1.20 Mt @ 5.13% TGC

· Indicated Resource: 16.40 Mt @ 5.70% TGC

· Inferred Resource: 8.50 Mt @ 5.41% TGC

· Total Resource: 26.10 Mt @ 5.58% TGC

This represents a 7% increase on previous JORC estimate, including a 33% (4.1Mt) in Indicated Resources. A detailed breakdown of Reserves and Resources by deposit (Camp Lode and Northern Syncline) is provided in the further below.

Key Results and Significance of the Upgrade

· 47% uplift in Ore Reserves – major de-risking milestone for DFS.

· 33% increase in Indicated Resources – improves early-life mine confidence and enhances project bankability.

· Strong geological continuity across both primary deposits, reaffirming Orom-Cross as a rare, large-scale, low-strip, shallow graphite system.

· High-quality metallurgical consistency fully aligned with prior test work, supporting both concentrate quality and downstream USPG processing.

Exceptional growth runway remains, with:

· 192 step-out holes (83% of full Stage 7 drill program) ready to be integrated into second major JORC upgrade post-DFS in 2026.

· Majority of remaining holes drilled across new Iyan and Beehive deposits.

· Geology at the new Iyan and Beehive deposits closely mirror Northern Syncline and Camp Lode deposits respectively, signalling potential to double the JORC Resource once incorporated.

· Deep drilling to ~100 metres, with all hole sending in mineralisation, indicating significant vertical expansion potential.

· Only ~2% of the licence area at Orom-Cross is drilled to date.

This JORC update marks the most significant technical advancement to date and sets the stage for the DFS to present a robust, scalable development pathway.

Strategic Context

The strengthened JORC underpins Orom-Cross at a strategically important moment for the graphite sector:

· Western governments (UK, USA, EU) are accelerating efforts to secure non-China graphite supply.

· The UK Government’s new Critical Minerals Strategy – Vision 2035 classifies graphite as a Critical and Growth mineral with sharply rising demand forecast.

· Global supply is tightening, with very few advanced projects nearing financing and construction.

The upgraded Reserve base is expected to significantly enhance financing momentum for the Company’s P1 Production. The DFS, which integrates both the mining operation and the in-country USPG purification facility, will now reflect the improved long-term feedstock base.

This JORC together with the upcoming DFS, will provide the technical platform from which Blencowe will engage with development finance institutions, strategic partners and MSP-aligned organisations as it moves toward construction and first production.

Cameron Pearce, Executive Chairman commented:

“This upgraded JORC is transformational for Orom-Cross. The substantial increase in Ore Reserves and Indicated Resources confirms the quality, scale and longevity of the project as we move into the DFS and financing phase. The remaining 192 exploration holes and the deep drilling results, which all ended in mineralisation, highlight the huge potential for further JORC Resource upgrades still ahead of us in early 2026. With the DFS due to be published shortly, we will be able to demonstrate the strengthened technical and economic foundations of Orom-Cross at a time when secure, high-quality graphite supply is becoming increasingly important to Western governments.”

Next Steps

· DFS release (imminent) incorporating the upgraded Reserve base.

· Launch of the P1 Production financing process.

· Assessment and integration of the remaining 192 step-out holes into a future JORC expansion.

· Integration of deep mineralisation into long-term expansion scenarios.

· Further updates on downstream USPG development and offtake progression.

APPENDIX

Deposit Breakdown

Camp Lode:

· Ore Reserves: 2.49 Mt @ 6.74% TGC

· Indicated Resource: 2.22 Mt @ 6.96% TGC

· Inferred Resource: 0.36 Mt @ 6.50% TGC

Notes: Excellent near-surface continuity, consistent grades, and strong metallurgical performance reinforce Camp Lode as the core source of early mine feed.

Northern Syncline – Eastern Limb:

· Ore Reserves: 20.59 Mt @ 4.99% TGC

· Measured Resource: 1.20 Mt @ 5.13% TGC

· Indicated Resource: 14.19 Mt @ 5.50% TGC

· Inferred Resource: 8.14 Mt @ 5.36% TGC

Notes: Broad mineralised zones, shallow dip and thick intersections strengthen the long-term mine schedule. As the majority of the Inferred material is internal to the lodes it is well placed for upgrade through additional grade control drilling.

MINERAL RESOURCE TABULATION

· GC – Graphitic carbon, TC – Total carbon.

· No geological loses applied.

· A conservative cut-off grade of 3.5% GC has been applied based on metallurgical testing & preliminary mining parameters.

· Mineralised tonnes have been rounded off and contained graphite metal tonnages have been rounded off to the nearest 1000 (Kt).

· Contained graphite has been reported without the application of cut-off grades, loss factors, or beneficiation yields.

· GC – Graphitic carbon, TC – Total carbon.

· Mining dilution of 5% applied.

· Mineralised tonnes have been rounded off and contained graphite metal tonnages have been rounded off to the nearest 1000 (Kt).

· Contained graphite has been reported without the application of cut-off grades, loss factors, or beneficiation yields.

Competent Person’s Statement

The information in this release, which is related to Mineral Resource estimation, was compiled under the supervision of Mr Sean Nieman who is an employee of Minrom Consulting (Pty) Ltd; he is Member of the Geological Society of South Africa (GSSA) and a Certified Professional Natural Scientist (Pr.Sci.Nat) with the South African Council for Natural Scientific Professions (SACNASP).

Mr Sean Nieman has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity that he has undertaken to qualify as a Competent Person as defined by the JORC (2012) Code. Mr Sean Nieman consents to the inclusion in this report of the matters based on his information in the form and context in which it appears.

The information in this release, which is related to Mineral Reserves estimation, was compiled under the supervision of Mr Iain Wearing who is an employee of Blencowe Resources Plc; he is Member of the Australian instate of Mining and Metallurgy (AusIMM) and a Certified Professional Engineer.

Mr Iain Wearing has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity that he has undertaken to qualify as a Competent Person as defined by the JORC (2012) Code. Mr Iain Wearing consents to the inclusion in this report of the matters based on his information in the form and context in which it appears

**ENDS**

For further information please contact:

Blencowe Resources Plc

Sam Quinn

www.blencoweresourcesplc.com

Tel: +44 (0)1624 681 250

sasha.sethi@blencoweresourcesplc.om

Investor Relations

Sasha Sethi

Tel: +44 (0) 7891 677 441

Tavira Financial

Jonathan Evans

Tel: +44 (0)20 3192 1733

17th October 2025 / Leave a comment

LinkedIn https://www.linkedin.com/company/72382491/admin/

Background

Orom-Cross Graphite Project

Orom-Cross is a potential world class graphite project both by size and end-product quality, with a high component of more valuable larger coarse flakes within the deposit.

A 21-year Mining Licence for the project was issued by the Ugandan Government in 2019 following extensive historical work on the deposit. Blencowe has now completed a successful Definitive Feasibility Study phase as the first major step towards initial production.

Orom-Cross presents as a large, shallow open-pitable deposit, with an initial JORC Indicated & Inferred Mineral Resource of 26.11Mt @ 5.58% TGC (Total Graphite Content). This Resource has been defined from only ~2% of the total tenement area which presents considerable upside potential ahead. Development of the resource is expected to benefit from a low strip ratio and free dig operations together with abundant inexpensive hydro-electric power off the national grid, thereby ensuring low operating costs. With all major infrastructure available at or near to site the capital costs will also be relatively low in comparison to most graphite peers.

#BRES Blencowe Resources PLC – Further Battery Testing Success

Blencowe Resources Plc (LSE: BRES), the natural resources company advancing the Orom-Cross graphite project in Uganda is pleased to announce continued international testing of graphite from its Orom-Cross project in Uganda has confirmed superior performance across multiple battery technologies.

Highlights:

· Latest testing by Apollo Energy Systems Inc. (“Apollo”) shows Orom-Cross graphite delivers ~12% enhanced performance in lead-acid battery cells.

· Best performing materials are purified by-products from the SPG process opening new high-value outlet for secondary graphite streams.

· The lead-acid battery market consumes over 50,000 tonnes of graphite annually across the U.S., Europe and Australia (entirely outside China’s supply chain).

· These results complement earlier testing by American Energy Technologies (“AETC”) under the EU-funded SAFELOOP programme, where Orom-Cross graphite achieved 99.98 wt%C purity and was used to produce EV anode materials containing over 68% natural graphite, delivering exceptional performance consistency.

· Ongoing testing programmes (including those undertaken for certain U.S. agencies through technical partners) continue to highlight Orom-Cross as a source of premium, high-performance graphite.

Testing by Apollo, a U.S. leader in advanced lead-acid battery innovation, demonstrated that Orom-Cross graphite enhances discharge capacity by approximately 12% versus peer materials. When added as a 2 wt.% component in the negative electrode Orom-Cross graphite improved:

· Energy capacity

· Charge acceptance

· Resistance to sulfation

· Overall cycle life

These outcomes highlight the opportunity to expand into the large, established lead-acid battery market, used in vehicles, grid storage and backup systems globally. Importantly, the materials tested are by-products from the SPG (Spheronised Purified Graphite) process, showing that even secondary streams from Orom-Cross deliver commercial-grade, high-performance value.

This follows outstanding earlier results from AETC in Chicago, which conducted pilot-scale purification and anode testing using Orom-Cross graphite within the SAFELOOP programme. The material was purified to 99.98 wt%C, achieving battery-grade purity suitable for electric vehicle applications. Anode materials containing over 68% natural Orom-Cross graphite, replacing predominantly synthetic graphite inputs used in most EV batteries, delivered performance levels that exceeded expectations, confirming Orom-Cross graphite’s exceptional electrochemical characteristics.

Combined, these independent studies by leading graphite technical experts continue to demonstrate Orom-Cross’s rare combination of high purity, superior conductivity, and multi-market adaptability, which are all qualities sought by energy storage and defence-related agencies worldwide.

Executive Chairman Cameron Pearce commented:

“We have extensive testing underway in multiple locations worldwide, using different partners with deep technical expertise in their respective fields. This latest programme with Apollo Energy has opened a potential new market opportunity for Orom-Cross graphite in the large, well-established lead-acid battery sector.

These latest results further confirm what sets Orom-Cross apart and specifically that our graphite material substantially enhances performance delivering higher capacity, greater charge acceptance and longer battery life. This means Orom-Cross graphite can add real value in a market that already consumes tens of thousands of tonnes of graphite each year and operates outside the Chinese supply chain.

These findings build on earlier work by American Energy Technologies under the SAFELOOP programme, where Orom-Cross achieved 99.98 wt%C purity and recorded the highest performance score ever seen by AETC for a natural graphite project. Together, they reinforce Orom-Cross as a globally competitive, next-generation graphite source suited to multiple battery technologies.

As we move towards completion of our Definitive Feasibility Study these ongoing results are helping shape our marketing strategy and early offtake discussions, particularly in higher value western markets. They continue to validate the quality of our product and demonstrate how Orom-Cross can meet a wide range of high-value, high-performance graphite demand globally.”

Appendix – Test Results Summary

Figure 1. Last Seven Cycles Comparison – Blencowe vs Control (HE-1511)

The chart below illustrates the clear and consistent performance advantage of Orom-Cross graphite over the control material across the final seven discharge cycles, confirming stronger energy retention and reduced performance degradation over time.

Discharge Capacity Comparison – Average 12.6% Improvement

Cycle #	1	10	11	12	13	14	15	16	17
HE-1511	79.62	77.16	77.38	76.78	75.13	74.47	75.01	74.85	75.73	mAh/g NAM
Blencowe	85.50	86.29	86.36	85.99	86.66	85.09	84.26	83.59	84.45	mAh/g NAM

**ENDS**

For further information please contact:

Blencowe Resources Plc

Sam Quinn

www.blencoweresourcesplc.com

Tel: +44 (0)1624 681 250

Sasha.sethi@blencoweresourcesplc.com

Investor Relations

Sasha Sethi

Tel: +44 (0) 7891 677 441

Tavira Securities

Jonathan Evans

Tel: +44 (0)20 3192 1733

25th September 2025 / Leave a comment

LinkedIn https://www.linkedin.com/company/72382491/admin/

Background

Orom-Cross Graphite Project

Orom-Cross is a potential world class graphite project both by size and end-product quality, with a high component of more valuable larger flakes within the deposit.

A 21-year Mining Licence for the project was issued by the Ugandan Government in 2019 following extensive historical work on the deposit and Blencowe is now completing the Definitive Feasibility Study phase as it drives towards first production.

Orom-Cross presents as a large, shallow open-pitable deposit, with a maiden JORC Indicated & Inferred Mineral Resource deposit of 24.5Mt @ 6.0% Total Graphite Content. Development of the resource is expected to benefit from a low strip ratio and free dig operations, thereby ensuring lower operating and capital costs.

Apollo Energy Systems Inc.

Apollo is a company with 60-years of experience in development of Batteries, Fuel Cells and Systems which incorporate those products. Their roots go back to 1953 when they built their first battery plant in Puerto Rico.

The company is developing “Lead Cobalt Battery” and “Alkaline Fuel Cell” to provide a Propulsion system for an electric vehicle which will enable that car to drive continuously, like a gasoline powered car, without external recharging (not necessary to “plug-in” to an outside receptacle); and will provide a Power Plant System to give electricity to a home, farm, hotel, cell towers or commercial establishment without use of the outside grid supplied by electric utility companies.

#BRES Blencowe Resources PLC – Drilling Results

Blencowe Resources Plc (LSE: BRES) is pleased to announce the first batch of assay results from its Stage 7 drilling programme at its Orom-Cross graphite project in Northern Uganda. This campaign, the largest in the Company’s history, included geotechnical holes, infill drilling and exploration drilling across both the Camp Lode and Northern Syncline deposits, as well step-out and deep drilling at the newly identified Beehive deposit.

Assays are being processed in batches for each component of the programme and will be reported regularly as results are returned. The first results, from the eight geotechnical holes drilled primarily to support pit design, have returned strong graphite grades.

These results confirm extensions to mineralisation and highlight high-grade zones within the existing deposits, further underscoring Orom-Cross’s unique combination of high grade, shallow ore and large-scale potential.

Highlights:

Camp Lode

· Hole CLGT03: 27.54m @ 8.68% TGC, including 1.3m @ 18.98% TGC and 1.3m @ 13.46%TGC
→ Confirms high-grade extensions to the orebody to the south-east.

· Hole CLGT02: 3.96m @ 9.08% TGC at depth.

· Shallow intersections in CLGT01 and CLGT04 confirm near-surface mineralisation and potential to extend the pit to the north.

Significance: Adds higher-grade tonnes to the Camp Lode resource and optimises mine scheduling for early production phases.

Northern Syncline

· Hole NSGT02: 27.98m @ 4.61% TGC, including 5.57m @ 8.10% TGC (majority <30m depth).

· Hole NSGT04: 12.37m @ 6.09% TGC.

Significance: Confirms shallow, high-grade mineralisation continuity in infill zones which are critical for low-cost, open-pitable production.

Drilling Programme Integration

· Geotechnical data will feed directly into Definitive Feasibility Study (“DFS”) pit wall design and mine scheduling.

· All results will be incorporated into the JORC Resource upgrade, which is expected to deliver a material increase in Reserves to support large-scale mining over life of mine.

· Additional assays from infill, step-out and deep drilling (Beehive deposit) programmes are expected shortly.

Construction of a Permanent Camp

Work is now underway on building a permanent camp at Orom-Cross which is expected to support further exploration in 2026 and provide facilities for contractors during the construction of the mine. This permanent camp represents the first tangible permanent structures on site which underlines the progress being made. With the DFS expected to be completed in Q4 2025 the next steps thereafter will be project funding and then construction of the mine.

Executive Chairman Cameron Pearce commented:

“The results confirm high-grade extensions to both Camp Lode and Northern Syncline, while reinforcing the advantage of shallow, easily mined ore that underpins our low-cost production profile.

All this data will be fed directly into both our JORC Resource upgrade and the Definitive Feasibility Study, which is due for completion in Q4 2025. Increasing ore reserves at higher grades is a critical step and we expect this to not only enhance the mine plan but also translate into a considerable uplift to project economics and NPV.

Orom-Cross already benefits from a unique combination of attributes, including abundant low cost national-grid hydropower, established roads and infrastructure, and independent test work from both Wuhan University and American Energy Technologies confirming some of the highest SPG purities recorded (up to 99.99% GC). This underscores the exceptional quality of Orom-Cross graphite and its suitability for premium battery-grade markets. Together, these factors give Orom-Cross a rare blend of scale, quality and deliverability that make it a truly bankable graphite opportunity.

With assays now beginning to come through and more results to follow we look forward to a steady flow of updates, including the JORC upgrade and the DFS. These milestones will showcase Orom-Cross as a standout global graphite project, provide the platform to move directly into financing discussions, and ultimately set the stage for a major value re-rating as we continue to de-risk.”

A close-up of a map AI-generated content may be incorrect.

Preliminary drill results Camp Lode

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Preliminary drill results Northern Syncline

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Further Drilling Detail

The Company drilled four geotechnical holes in each of the Northern Syncline and Camp Lode deposits. While primarily designed for geotechnical assessment to inform pit wall design, all holes were sampled for assays and incorporated into resource database.

At Camp Lode, these holes have indicated a possible extension to the orebody in the south-east, with hole CLGT03 intersecting 27.54m @ 8.68%GC including 2 separate intersections of 1.3M with grades of 18.98%GC and 13.46%GC respectively. These represent very high grades of graphite in comparison to the overall Orom-Cross resource. An additional intersection from hole CLGT02 of 3.96m @ 9.08%GC at depth and intersections near surface in holes CLGT01 and CLGT04 indicate potential to extend the pit to the north.

Similarly, at Northern Syncline hole NSGT02 intersected 27.98m @ 4.61%GC (including 5.57m @ 8.10%GC) and NSGT04 with 12.37m @ 6.09%GC. The intersection from NSGT02 occurs within the area of the completed infill drilling with the majority of the intersection occurring within 30 meters of the surface. The ability to mine substantial volume of graphite from shallow depths contributes to Orom-Cross having operating costs sitting within the lowest percentile of graphite projects worldwide, and this is considered a major advantage as Blencowe drives towards first production.

The results from all eight holes will be included within the resource model updates. The assay labs are continuing to prioritise the Orom-Cross samples and the Company expects further results of the infill program shortly.

For further information please contact:

Blencowe Resources Plc

Sam Quinn

www.blencoweresourcesplc.com

Tel: +44 (0)1624 681 250

Investor Relations

Sasha Sethi

Tel: +44 (0) 7891 677 441

sasha@flowcomms.com

Tavira Financial

Jonathan Evans

Tel: +44 (0)20 3192 1733

12th September 2025 / Leave a comment

LinkedIn https://www.linkedin.com/company/72382491/admin/

Background

Orom-Cross Graphite Project

Orom-Cross is a potential world class graphite project both by size and end-product quality, with a high component of more valuable larger flakes within the deposit.

A 21-year Mining Licence for the project was issued by the Ugandan Government in 2019 following extensive historical work on the deposit and Blencowe is finalising the Definitive Feasibility Study phase as it drives towards first production.

#BRES Blencowe Resources PLC – Fundraise of £1.12m and Exercise of Options at 6p

Blencowe Resources Plc (LSE: BRES), the natural resources company advancing the Orom-Cross graphite project in Uganda, is pleased to announce that it has completed an aggregate fundraise of £1,120,000 through a placing of £1,020,000 and the exercise of Board options to raise a further £100,000.

The Company completed a placing of 21,473,683 new ordinary shares at a placing price of 4.75p to raise £1,020,000 (the “Placing”). The Placing was undertaken by the Company’s broker, Tavira Financial Limited.

The Board and Senior Executive Management have exercised options at 6p, a premium to the placing price, through the issue of 1,666,667 new ordinary shares raising a further £100,000.

Use of Funds

The Company will deploy funds towards:

· Completion of the DFS, scheduled for delivery in Q4 2025

· Project financing work streams; and

· General working capital

The Net Proceeds are more than sufficient to complete the Definitive Feasibility Study (“DFS”), scheduled for publication in Q4 2025, while also providing a clear runway to advance project financing immediately thereafter, following the recent appointment of the Company’s project finance adviser.

Investor Warrants

The Company will grant 1 warrant per 1 placing share, exercisable at 6.5p for a period of two years from Admission.

Broker Warrants

The Company has granted Tavira 1,263,158 broker warrants, exercisable at 4.75p for a period of three years from Admission.

Board Options

Options Exercised

Funds Raised at 6p

Current Holdings

Holdings on Admission

% Holding of the Enlarged Share Capital

Executive Chairman:

Cameron Pearce

833,333

£50,000

7,516,667

9,350,000

2.6

Non-Exec Director:

Sam Quinn

166,667

£10,000

5,666,667

5,833,334

1.6

Non-Exec Director:

Alex Passmore

166,667

£10,000

1,950,000

2,116,667

0.6

CEO:

Mike Ralston

333,333

£20,000

3,225,000

4,558,333

1.2

COO:

Iain Wearing

166,667

£10,000

6,658,333

8,491,666

2.3

Total

1,666,667

£100,000

28,683,333

30,350,000

8.3

Cameron Pearce, Executive Chairman commented:

“This fundraise provides Blencowe with a clear runway not only to complete the DFS, which is expected in Q4 2025, but also to move directly into our project financing work streams. We are now entering a critical phase of value creation, with a JORC Resource upgrade, DFS results, financing preparations, and subsequent development all aligned.

The Board and Senior Executives have underlined their confidence by exercising options at a premium to market, and we thank both existing and new shareholders for their continued support.

We expect a strong period of newsflow ahead, including first drill results from our successful infill campaign, a material JORC resource upgrade, and the DFS itself. Together these milestones will reaffirm Orom-Cross as a world-class graphite project, well positioned to secure the project finance required to build a mine.”

Admission of Shares and Total Voting Rights

Application has been made for an aggregate of 23,140,350 new ordinary shares relating to the Placing and exercise of options to be admitted to trading on the Equity (Transition) category of the Official List and the main market of the London Stock Exchange, with admission expected at 8.00 a.m. on 17 September 2025 (“Admission”).

In accordance with the FCA’s Disclosure Guidance and Transparency Rules, the Company confirms that following Admission, the Company’s issued share capital will comprise 365,525,827 Ordinary Shares. The Company does not hold any Ordinary Shares in Treasury.

Therefore, following Admission, the above figure may be used by shareholders in the Company as the denominator for the calculations to determine if they are required to notify their interest in, or a change to their interest in the Company, under the FCA’s Disclosure Guidance and Transparency Rules.

For further information please contact:

Blencowe Resources Plc

Sam Quinn

www.blencoweresourcesplc.com

Tel: +44 (0)1624 681 250

Investor Relations

Sasha Sethi

Tel: +44 (0) 7891 677 441

sasha@flowcomms.com

Tavira Financial

Jonathan Evans

Tel: +44 (0)20 3192 1733