Orom-Cross Project
The Project is located approximately 6 km east (in a straight line) of the town of Orom and 75 km northeast of the town of Kitgum in northern Uganda. The nearest large settlement to the Project is the village of Orom, located in Chua East Country.
The Northern Syncline represents Orom-Cross’s largest deposit and the bulk of the long-term mine plan. The latest infill assays have returned strong graphite intersections across the full depth of the oxide zone
Assays from the infill drilling at Camp Lode have delivered a sequence of strong, high-grade near-surface hits, underscoring Orom-Cross’s exceptional blend of scale, shallow mineralisation and low-cost, open-pit potential.
Iyan lies immediately adjacent to the Northern Syncline and represents a new mineralised zone that is not included in the current JORC Resource that was reported in April 2026.
Beehive is located approximately 3kms from the existing Northern Syncline and Camp Lode deposits at the Orom-Cross graphite project in Uganda. Along with these other deposits Beehive sits within the existing Mining License (ML1959).
Mineral Resources & Reserves
| Area / Deposit | Mt | % Total Carbon | |
|---|---|---|---|
| Northern Syncline | Inferred | 8.14 | 5.36% |
| Indicated | 14.19 | 5.50% | |
| Measured | 1.20 | 5.13% | |
| Subtotal Resources | 23.53 | 5.43% | |
| Reserves | 20.59 | 4.99% | |
| Camp Lode | Inferred | 0.36 | 6.50% |
| Indicated | 2.20 | 6.96% | |
| Subtotal Resources | 2.56 | 6.88% | |
| Reserves | 2.49 | 6.74% | |
| Iyan | Total Inferred Resources | 16.90 | 6.00% |
| Beehive | Total Inferred Resources | 21.30 | 6.58% |
| Totals | Inferred | 25.40 | 5.85% |
| Indicated | 16.39 | 5.70% | |
| Measured | 1.20 | 5.13% | |
| Total Resources | 64.30 | 6.04% | |
| Total Reserves | 23.08 | 5.18% |
Purification Testwork
Results show that all Orom-Cross concentrates tested were successfully upgraded using Alkeemia’s proprietary process to achieve 99.99% carbon content, exceeding the 99.95% purity typically required for lithium-ion battery applications.
99.99% purity is considered the highest purification grade possible and is required for lucrative defence, nuclear and specialist energy applications.
This level of purity enables Blencowe to target higher-value, strategically important end markets including niche defence and nuclear and specialist industrial applications where product quality, traceability and supply security are critical.
Importantly, the Alkeemia process provides a Western, non-Chinese, purification route, utilising a simpler, less toxic, and more cost-effective methodology than conventional acid-based processes widely used in China.
This further aligns Orom-Cross with growing European and US policy objectives to establish secure independent, and sustainable critical mineral supply chains.
Orom-Cross has previously achieved 99.99% purity through testwork conducted by American Energy Technology (“AETC”), a US based technical graphite specialist, using their own proprietary thermal process that differs from the chemical-based approach employed by Alkeemia.
The AETC relationship has since evolved to introduce Blencowe a range of valuable niche offtake opportunities, including testing with US Dept of Defence and the EU SAFELOOP initiative.
These purification results are a significant milestone for Orom-Cross and once again demonstrate that our graphite can achieve the very highest purity levels required for specialist applications, including defence, nuclear and strategic energy uses where quality and supply security are critical. It also opens the potential for a valuable new partnership to develop.
Cameron Pearce
Executive Chairman
Metallurgy
| Deposit | Upgraded Concentrate (% LOI) | Recoveries (%) |
|---|---|---|
| Northern Syncline Lower grade | 98.1% | 80.9% |
| Northern Syncline Higher grade | 97.2% | 80.9% |
| Camp Lode Lower grade | 98.1% | 80.4% |
| Camp Lode Higher Grade | 94.7% | 88.4% |
| Composite (Mix of all) | 97.3% | 92.2% |
This upgraded JORC is transformational for Orom-Cross. The substantial increase in Ore Reserves and Indicated Resources confirms the quality, scale and longevity of the project as we move into the DFS and financing phase.
The remaining 192 exploration holes and the deep drilling results, which all ended in mineralisation, highlight the huge potential for further JORC Resource upgrades still ahead of us in early 2026.
Cameron Pearce
Executive Chairman