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#BRES Blencowe Resources PLC – Beehive Returns 92.55m @ 6.83% TGC from Surface
Blencowe Resources Plc (LSE: BRES) is pleased to report the first deep-hole assay results from the newly identified Beehive Deposit, located approximately 3kms from the existing Northern Syncline and Camp Lode deposits at the Orom-Cross graphite project in Uganda. Along with these other deposits Beehive sits within the existing Mining License (ML1959).
The Company is pleased to announce an exceptional drilling result from Beehive Deposit where early indications of a strong system have now been materially exceeded by the latest assay results from Hole L238B.
Hole L238B returned 92.55m (True Width) @ 6.83% TGC from surface to 120.60m, including multiple high-grade zones. This outstanding intercept confirms Beehive as a thick, continuous, near-surface graphite system and represents one of the most significant results generated at Orom-Cross to date.
This result is the first of over 100 Beehive holes to be reported, with further results to follow.
Beehive Deposit – Key Drill Result
Hole L238B: 92.55m (TW) @ 6.83% TGC [0.00-120.60m]
including:
· 15.89m @ 9.42% TGC
· 8.38m @ 10.95% TGC
Geological Interpretation
The intersection demonstrates continuous graphite mineralisation from surface, extending well beyond the ~30m oxide boundary and confirming strong grade continuity at depth. The thickness and consistency of mineralisation in Hole L238B significantly enhances confidence in the scale and robustness of the Beehive Deposit.
These results support the interpretation of Beehive as a large, laterally extensive system with the potential to materially contribute to future resource growth at Orom-Cross, sitting within the existing Mining License. Beehive is a new discovery with zero previous drilling to date.
Strategic Context
Global demand for secure, high-quality graphite supply continues to accelerate, with increasing focus from Western governments and industrial groups on securing critical mineral assets outside of China.
Recent engagement in the United States by senior management highlighted strong interest in scalable, long-life graphite projects ex-China, capable of supporting growing downstream supply chains. Orom-Cross, and Beehive in particular, displays many of the attributes sought by potential strategic and offtake partners, including scale, grade, near-surface mineralisation and substantial expansion potential.
Executive Chairman Cameron Pearce commented:
“We knew Beehive was shaping up as a promising system, however, the result from Hole L238B has exceeded all expectations. Delivering over 92 metres of continuous graphite mineralisation from surface at a strong average grade is an exceptional outcome and clearly demonstrates the scale potential emerging at Beehive.
This result sits within a substantial drilling programme that has now been completed across Beehive and the nearby Iyan deposit. Approximately 182 step-out and exploration holes have been drilled at both, with a steady flow of assays still pending from the laboratories, alongside the two additional Beehive deep drill holes underway. The results from this programme are expected to materially expand the mineralised footprint and support an updated JORC Mineral Resource Estimate in due course.
Following the Company’s recent £3.0 million fundraise we are well capitalised as we move into 2026, placing us in a strong position to maintain momentum across drilling, resource growth, early project implementation and ongoing strategic engagement following the completion of an outstanding DFS. We continue to see growing interest from potential offtake partners and expect these discussions to progress as the New Year unfolds.
As we approach the end of the year I would also like to thank shareholders, stakeholders and supporters of Blencowe for their continued support, and to wish everyone a happy holiday and festive season.”
For further information please contact:
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Blencowe Resources Plc Sam Quinn |
www.blencoweresourcesplc.com Tel: +44 (0)1624 681 250 |
|
Investor Relations Sasha Sethi |
Tel: +44 (0) 7891 677 441 |
|
Tavira Financial Jonathan Evans |
Tel: +44 (0)20 3192 1733 |
Twitter https://twitter.com/BlencoweRes
LinkedIn https://www.linkedin.com/company/72382491/admin/
Map 1: Showing the 4x Orom-Cross deposits, including Camp Lode, Northern Syncline, and new Iyan (NS western limb) and Beehive (GT 01a) deposits.
Diagrams 1-3: Beehive Core
#AYM Anglesey Mining PLC – Signing of Letter of Intent to Progress High-Density Fluid Hydro-Power Energy Storage Project
Anglesey Mining is pleased to announce that it has signed a Letter of Intent with RheEnergise Limited (“RheEnergise”) to further progress a high-density fluid hydro-power energy storage project at Parys Mountain.
Anglesey Mining is determined that the energy storage project be a force for good in the community and is delighted to have received in principle support for the scheme from the Amlwch Industrial Heritage Trust, Geo Môn and Menter Môn. Anglesey Mining is also grateful to the Anglesey Energy Island™ Programme, established by Isle of Anglesey County Council, for their practical advice and support.
The letter of intent sees the formation of a jointly owned special purpose vehicle (SPV) with the purpose of having the Parys Mountain site be the first commercial deployment of the High Density Hydro System. Anglesey Mining and RheEnergise have agreed to deploy resources into the SPV: financial, time, material, leases over land and IP and also to conduct a feasibility study over the project. If, as is expected, the study concludes that the project should go ahead, RheEnergise and Anglesey Mining will use their best endeavors to bring the Project to fruition.
Background
Anglesey Mining is focused on delivering a polymetallic underground mine at Parys Mountain. To that end, Anglesey Mining’s management is developing strategies to enable investment in the development of Parys Mountain to be incremental so far as practicable, thus allowing risks to be mitigated in stages before considering options for the next step of development.
A Pre-feasibility study (PFS) in the energy storage scheme is underway and part of that work has fed into a new illustrated presentation which provides potential investors with detailed information on the methodology and revenue streams associated with the proposed project in terms of both Long Duration Energy Storge (LDES) and how that might be the catalyst for the commencement of mining of the Parys Mountain VMS mineral deposits. The presentation can be viewed via this link: Parys HD Hydro Investor Presentation.pdf
It remains an essential and clear intent of this project that Anglesey Mining retains all the optionality that it currently has for the construction and commissioning of an underground mine. Also, that the hydro energy pumped storage project should not detract from those options over the medium and long term.
“ The signing of this Letter of Intent is an important next step in this project for both companies involved,” said Rob Marsden, Chief Executive of Anglesey Mining. “We are excited by the potential and synergies that this project brings together at many levels. Anglesey Mining is focused on delivering a polymetallic underground mine at Parys Mountain. Securing a source of consistent green power on Anglesey and establishing a presence back underground at Parys Mountain is key to the strategy of de-risking the incremental development of the mine and furtherance of the UK’s green power ambitions.”
Parys Mountain is the UK’s most advanced project for the primary mining of copper, lead, silver and zinc, which is on the Government’s critical minerals list.
For further information on the project:
RheEnergise – www.rheenergise.com / LinkedIn @rheenergise
Stephen Crosher, Chief Executive: sc@rheenergise.com
Philippa Rogers, Communications Manager: 07971 269559 / pr@rheenergise.com
Anglesey Mining plc – www.angleseymining.co.uk
Rob Marsden, CEO: 07531 475111 / rob.marsden@angleseymining.co.uk
About Anglesey Mining plc:
Anglesey Mining is traded on the AIM market of the London Stock Exchange and currently has 484,822,255 ordinary shares in issue.
Anglesey Mining is developing the 100% owned Parys Mountain Cu-Zn-Pb-Ag-Au VMS deposit in North Wales, UK with a reported resource of 5.3 million tonnes at over 4.0% combined base metals in the Measured and Indicated categories and 10.8 million tonnes at over 2.5% combined base metals in the Inferred category.
Anglesey Mining also holds a 49.8% interest in the Grängesberg iron ore project in Sweden. Plus an 11.9% interest of Labrador Iron Mines Holdings Limited which, through its 52% owned subsidiaries, is engaged in the exploration and development of direct shipping iron ore deposits in Labrador and Quebec.
Contact details for further information about Anglesey Mining plc:
Anglesey Mining plc
Rob Marsden, Chief Executive Officer – Tel: +44 (0)7531 475111
Andrew King, Chairman – Tel: +44 (0)7825 963700
Davy
Nominated Adviser & Joint Corporate Broker
Brian Garrahy / Daragh O’Reilly – Tel: +353 1 679 6363
Zeus Capital Limited
Joint Corporate Broker
Katy Mitchell / Harry Ansell – Tel: +44 (0)161 831 1512
LEI: 213800X8BO8EK2B4HQ71