Blencowe Resources Plc, the natural resources company developing the Orom-Cross graphite project in Uganda, is pleased to announce that it has published an updated corporate presentation incorporating the key outcomes of the recently released Definitive Feasibility Study (“DFS”).

The new presentation includes a summary of the DFS results, which confirmed Orom-Cross as a Tier-1 graphite project with US$1.1Bn NPV10, 96% IRR, low capex and world-class margins, as well as details of the integrated downstream USPG facility and a scalable development pathway.

It also highlights the significant further growth potential, with further JORC update expected to incorporate the additional 192 step-out drillholes not included in the DFS already scheduled for early 2026.

The updated presentation is available on the Company’s website:

https://blencoweresourcesplc.com/presentation/

The Company also directs shareholders to two recent video interviews with CEO Mike Ralston, in which he discusses the DFS outcomes, the transition into P1 financing, downstream strategy, and the long-term expansion potential:

• Interview 1 – Vox Markets, Blencowe delivers big resource update and even bigger DFS:

https://www.youtube.com/watch?v=gzRsMm62yxA

• Interview 2 – Focus IR, Blencowe releases outstanding DFS for its world-class Orom-Cross graphite mine in Uganda:

https://www.youtube.com/watch?v=7Gkx7nDdceo

These materials provide further insight into the strong technical and commercial platform now established for Orom-Cross following the DFS.

For further information please contact:

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 has now completed a successful Definitive Feasibility Study phase as the first major step towards initial production.

Orom-Cross presents as a large, shallow open-pitable deposit, with a JORC Mineral Resource (November 2025) of 26.10Mt @ 5.58% TGC (Total Graphite Content) and a JORC Mineral Reserve of 23.08Mt @ 5.18%TGC.

This Resource has been defined from only ~2% of the total tenement area which presents considerable upside potential ahead, with two new deposits recently drilled at Beehive and Iyan set to add into the Resource in 2026.  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.