Blencowe Resources PLC (LSE:BRES) reported further deep-hole assay results from the Beehive deposit at its Orom-Cross graphite project in Uganda.
The exploration company said Hole L237B returned 93.98 metres at 6.03% total graphite carbon, while Hole L239B returned 95.45 metres at 5.62%. Both holes intersected graphite mineralisation from near surface and remain open at depth.
“Beehive continues to deliver standout deep-hole drill results, further demonstrating the scale, continuity and quality of this deposit," said executive chair Cameron Pearce. "Demand for graphite continues to grow, especially for higher quality end-products such as those delivered from Orom-Cross."
He added: "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."