Blencowe Resources (BRES ) has released details of a maiden JORC resource for the Beehive deposit, part of the company's 100% owned Orom-Cross graphite project in Uganda.

Alongside Iyan, Beehive is one of two substantial new discoveries made through Blencowe's most recent drilling programme. 

The maiden resource for Iyan lifted Orom-Cross resources by 66%.

Now, the maiden Beehive resource adds a further 21.3 million tonnes of ore grading 6.58% totatl graphitic content, and increases total Orom-Cross total resource to 64.3 million tonnes at 6.03% TGC measured, indicated and inferred, across Northern Syncline, Camp Lode, Iyan and Beehive. 

This further highlights the nature of Orom-Cross as a multi-deposit, long-life, large-scale graphite development.

The current Beehive resource has been modelled over only around 22% of the Beehive anomaly and largely within the upper 25-to-30 metres tested by shallow drilling. 

Blencowe believes Beehive retains significant upside potential beyond the current modelled area.

"Today's maiden Beehive JORC Mineral Resource is another major step forward for Orom-Cross,” said Blencowe Resources chairman Cameron Pearce.

“Beehive adds 21.3 million near-surface tonnes at 6.6% TGC, lifting total Orom-Cross JORC mineral resources to 64.3 million tonnes across Northern Syncline, Camp Lode, Iyan and Beehive. Importantly, Beehive has been modelled over only 22% of the target anomaly and largely within the upper 25-30 metres, while deep drilling has demonstrated mineralisation continuing to below 100 metres depth. We believe this provides a clear growth runway beyond the current modelled area. With a materially expanded inventory now defined, we have been progressing further DFS optimisation work and expect to update the market prior to the end of the second quarter of 2026.  Strategic, offtake and funding discussions remain ongoing and we will update the market as appropriate."

 

View from Vox

 

Discussions with counterparties remain ongoing as regards to funding for the development of Orom-Cross, and this latest upgrade to the deposit will only enhance its attractiveness to potential partners. What’s more there’s clearly more on offer at Beehive, as previously reported deep drilling demonstrates mineralisation continuing to approximately 100 metres depth.