Blencowe Resources (BRES ) has released the final set of assay results from 87 shallow holes drilled at the Iyan deposit on the Orom-Cross graphite Project in Uganda.
The company hit multiple intercepts of more than 30 metres from surface, with several holes ending in mineralisation.
Among the highlights were 15.64 metres grading 10.13% total graphitic content, 9.44 metres at 11.42% TGC, 13.71 metres at 8.26% TGC, and 10.72 metres at 8.18% TGC.
The results will go towards an imminent maiden JORC resource estimate for Iyan, increasing the overall Orom-Cross resource base.
Iyan forms the western extension of the Northern Syncline graphite system and is being advanced as a bulk blending deposit intended to provide consistent, near-surface, high tonnage graphite feed to support long-life, low-cost production. Results at Orom-Cross continue to demonstrate that the bulk mineralisation at Iyan is accompanied by repeated higher-grade zones, providing flexibility within mine planning for blending.
Meanwhile, substantial assay results from the nearby Beehive deposit remain pending. Earlier deep drilling returned very strong grades at depths of up to approximately 100 metres. Assay results from the completed shallow drilling programme at Beehive, comprising approximately 110 holes drilled to approximately 30 metres depth, are expected to be reported regularly in batches and are anticipated to contribute to additional resource growth at Orom-Cross, with a maiden JORC resource estimate for Beehive expected to follow.
"These further great results from Iyan continue to exceed our expectations,” said Blencowe’s executive chairman Cameron Pearce.
“We are seeing thick graphite from surface, strong grades, and excellent consistency across the deposit, which is exactly what we need as we build scale at Orom-Cross. With the maiden Iyan JORC estimate now imminent, these results clearly demonstrate the size and quality of the resource. This is particularly important as we progress funding discussions, as it reinforces the long-life, large-scale development potential of Orom-Cross. The maiden Iyan JORC will mark another important step in demonstrating the full scale of Orom-Cross. Importantly, we still have significant upside ahead. Many holes continue to end in mineralisation, and Beehive drilling results remain to come, which we expect will further strengthen the overall resource base."
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The maiden JORC resource estimate for Iyan in is expected in the first quarter of 2026. This will increase the overall Orom-Cross resource and support ongoing funding and offtake discussions. With an additional run of results from Beehive expected soon, there’s plenty to look forward to in the coming weeks.