Interview with CEO Mike Ralston - DFS Progress and Path to Production
17 October 2025
Blencowe Resources Plc (LSE: BRES) is pleased to share a link to a recording of a live X Spaces Interview and Q&A on the SmallCapPix platform featuring CEO Mike Ralston who discusses progress at the Company’s flagship Orom-Cross graphite project in Uganda.
In this wide-ranging discussion, Mr. Ralston provides updates on:
- Ongoing assay results from the 7,750m Stage 7 drilling campaign
- Completion of the Definitive Feasibility Study (DFS) in Q4 2025
- Next steps towards financing and development of Orom-Cross towards production from 2026
- SPG strategy targeting premium, non-Chinese battery markets
- Advanced product testing programmes, including those undertaken through technical partners for major U.S. agencies
- How the project’s de-risking and strong fundamentals position Blencowe for a potential re-rating post-DFS
Listen to the full interview here:
For further information please contact:
Blencowe Resources Plc Sam Quinn |
www.blencoweresourcesplc.com Tel: +44 (0)1624 681 250
|
Investor Relations Sasha Sethi | Tel: +44 (0) 7891 677 441
|
Tavira Financial – Financial Adviser & Broker Jonathan Evans | Tel: +44 (0)20 3192 1733
|
Twitter https://twitter.com/BlencoweRes
LinkedIn https://www.linkedin.com/company/72382491/admin/
Background
Orom-Cross Graphite Project
Orom-Cross is a potential world class graphite project both by size and end-product quality, with a high component of more valuable larger coarse flakes within the deposit.
A 21-year Mining Licence for the project was issued by the Ugandan Government in 2019 following extensive historical work on the deposit. Blencowe completed a successful Pre-Feasibility Study on the Project in July 2022 and is now within the Definitive Feasibility Study phase as it drives towards first production.
Orom-Cross presents as a large, shallow open-pitable deposit, with an initial JORC Indicated & Inferred Mineral Resource of 24.5Mt @ 6.0% TGC (Total Graphite Content). This Resource has been defined from only ~2% of the total tenement area which presents considerable upside potential ahead. Development of the resource is expected to benefit from a low strip ratio and free dig operations together with abundant inexpensive hydro-electric power off the national grid, thereby ensuring low operating costs. With all major infrastructure available at or near to site the capital costs will also be relatively low in comparison to most graphite peers.
