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Blencowe Resources Plc ( (GB:BRES) ) just unveiled an update.
Blencowe Resources has reported a second batch of assay results from 12 shallow drill holes at the Iyan deposit, part of its Orom-Cross Graphite Project in Uganda, confirming thick, near-surface graphite mineralisation with multiple intercepts over 30 metres from surface and several holes ending in mineralisation. The results reinforce Iyan’s role as a bulk blending deposit with higher-grade zones, supporting efficient low-strip mining, resource growth and scale expansion ahead of an updated JORC resource estimate expected in the first quarter of 2026, and strengthen the project’s credentials as a potential long-life supplier of critical graphite as Western markets seek diversification of supply away from China; additional results from the nearby Beehive deposit are pending and will further inform mine planning, funding and offtake discussions.
The most recent analyst rating on (GB:BRES) stock is a Hold with a £8.50 price target. To see the full list of analyst forecasts on Blencowe Resources Plc stock, see the GB:BRES Stock Forecast page.
Spark’s Take on GB:BRES Stock
According to Spark, TipRanks’ AI Analyst, GB:BRES is a Neutral.
The score is held down primarily by weak financial performance (no revenue, recurring losses, and worsening cash burn in 2025). Technicals provide a meaningful offset with a clear uptrend (price above key moving averages) and positive momentum (MACD>0, RSI near 59). Valuation remains unattractive/unclear due to negative earnings and no dividend yield data.
To see Spark’s full report on GB:BRES stock, click here.
More about Blencowe Resources Plc
Blencowe Resources Plc is a London-listed natural resources company focused on developing the Orom-Cross Graphite Project in Uganda. The project targets large-scale, near-surface graphite deposits intended to supply long-life, low-cost production into global markets increasingly seeking secure sources of critical battery and industrial minerals outside China.
Average Trading Volume: 5,485,785
Technical Sentiment Signal: Buy
Current Market Cap: £37.23M
Find detailed analytics on BRES stock on TipRanks’ Stock Analysis page.