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Blencowe Resources PLC - London-based mining company - Reports further ‘excellent’ drilling results from Beehive deep holes L237B and L239B. The newly discovered Beehive deposit is located close to the existing Northern Syncline and Camp Lode deposits at the Orom-Cross graphite project in Uganda. Blencowe says the results continue to highlight Beehive as a ‘thick, continuous graphite system and reinforces its potential to deliver meaningful higher-grade early production tonnes within the broader Orom-Cross mining strategy.’ Blencowe says the results further support Orom-Cross as a graphite system of ‘sufficient scale to underpin long-life and multi-decade production; a key consideration for strategic and institutional funding groups.’ Assay results from the remaining holes are expected near term. ‘With a large volume of drill results still pending from the ongoing programme, we see a clear pathway to continued scale growth and we anticipate a steady flow of further updates as we progress into 2026 while advancing funding discussions in parallel,’ says Executive Chair Cameron Pearce. Current stock price: 7.30 pence 12-month change: up 72% Copyright 2026 Alliance News Ltd. All Rights Reserved.
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