Blencowe Resources (BRES ) has released further assay results from shallow drilling at the company's new Beehive deposit at the Orom-Cross graphite project in Uganda.
Blencowe’s Beehive and Iyan deposits are both substantial new exploration finds generated by the most recent 2025 drill programme, and both will contribute significantly to the size and scale of Orom-Cross.
As part of its Stage 7 drilling programme, Blencowe completed 110 shallow drill holes at Beehive, designed to test the continuity, thickness and near-surface extent of graphite mineralisation.
The company has now released assays from a further 36 holes at Beehive.
Among the highlights were 31.5 meters grading 8.19% total graphitic content from surface, 31.4 meters grading 8% TGC from surface, and 31.2 meters grading 7.67% TGC from surface.
There were strong bulk grades across the batch: 12 holes averaged equal to or greater than 5% TGC and eight holes averaged equal to or greater than 6% TGC.
All holes are mineralised and grades are consistently higher than overall average grades for other deposits within Orom-Cross.
The shallow programme was designed to define near-surface, bulk mineable graphite mineralisation, with holes drilled to a planned depth of approximately 30 metres. The majority of reported holes intersected graphite mineralisation from near surface to end-of-hole, with many holes ending in mineralisation, highlighting potential for continuation below the current shallow drilling depth.
This is consistent with previously reported deeper drilling at Beehive, which demonstrated graphite mineralisation continuing to approximately 100 metres depth.
The drilling was intended to close out the northern extent of the deposit, but the results also indicate potential for additional extensions of up to around 400 metres, particularly toward the northern and western end of the deposit.
A maiden resource for Beehive is scheduled for the second quarter of 2026.
"We are pleased to report a further batch of Beehive assay results and appreciate shareholders' patience as results move through laboratory reporting and independent validation,” said Blencowe’s executive chairman Cameron Pearce.
“We expect a further set of assay results to become available shortly and will provide updates as batches are cleared. Beehive continues to build momentum. This further batch reinforces continuity at shallow depths, with multiple plus-30 meter intercepts from surface and standout results including 31.5 metres at 8.19% TGC and 31.4 metres at 8.00% TGC. Following the recent maiden Iyan JORC mineral resource of 16.9 million tonnes, which increased total Orom-Cross JORC mineral resources by 66% to 43 million tonnes, Beehive remains the next clear growth lever as we progress toward a maiden Beehive JORC Mineral Resource update this quarter. We would expect the continuity and thickness being demonstrated at Beehive to translate into a material increase in overall tonnage, subject to completion of assay flow, modelling and JORC reporting.”
View from Vox
With access to renewable hydroelectric power and an expanding resource base, Orom-Cross continues to look well positioned as part of a non-China critical mineral supply chain feeding into western markets. The company’s shares have more than doubled in value over the past 12 months.