Blencowe Resources (BRES) has released results from the remaining two deep holes that were drilled at the newly discovered Beehive deposit, located approximately three kilometres from the existing Northern Syncline and Camp Lode deposits at the Orom-Cross graphite project in Uganda.
Beehive is an extensive new graphite discovery made during Blencowe's broader Stage 7 drilling programme in 2025.
Exploration at Beehive has thus far comprised three deep holes to depths below 100 metres, designed to test continuity, and 108 shallow holes designed to test graphite mineralisation from surface to 30 metres, which is considered most attractive for low cost-effective mining.
The first deep hole delivered 92.55 metres of core grading 6.83% total graphitic content, and now the second and third holes have shown Beehive to be a thick, continuous graphite system.
The second hole hit 93.98 metres at 6.03% TGC, comprising three stacked mineralised intervals from near surface to 118.22 metres, while the third hole hit 95.45 metres at 5.62% TGC, comprising two stacked mineralised intervals from 2.73m to end of hole at 120.2 metres.
All three deep holes intersect graphite from near surface and remain open at depth, which highlights the strength and continuity of the system.
This combination of thickness, continuity and mineralisation remaining open at depth is characteristic of large, long-life graphite systems rather than short-lived or isolated deposits.
Together with recent results from the Iyan Deposit and the existing Northern Syncline and Camp Lode resources, the Beehive results go towards underpinning Orom-Cross as a graphite system of sufficient scale to deliver long-life and multi-decade production.
Assay results from 108 shallow holes at Beehive and 72 shallow holes at Iyan are expected in the near term.
"Beehive continues to deliver standout deep-hole drill results, further demonstrating the scale, continuity and quality of this deposit,” said Blencowe’s executive chairman Cameron Pearce.
“The presence of thicker, higher-grade zones reinforces its potential to add meaningful tonnes and support multi-decade production potential, particularly if these results are replicated across the 108 remaining shallow Beehive holes currently being assayed. This is in addition to results expected for another 72 step-out and exploratory holes from Iyan. Demand for graphite continues to grow, especially for higher quality end-products such as those delivered from Orom-Cross. The company believes this project has the potential to rank among the larger, lower-cost graphite developments globally, supported by a completed definitive feasibility study, advanced project readiness, fully completed metallurgical pre-qualification and offtake arrangements in place for all of phase 1 production.”
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Blencowe continues to deliver standout drill results from the Orom-Cross project, even as the focus tilts towards development, following the completed definitive feasibility study. The market certainly likes the progress Blencowe is making, having bid up the shares by almost 100% since this time last year. This year will be a big one for the company, and it’s already started on a very positive note.