Blencowe’s Beehive Drilling Strengthens Multi-Decade Graphite Potential at Orom-Cross

Blencowe Resources Plc ( (GB:BRES) ) just unveiled an update.

Blencowe Resources has reported further strong drilling results from the newly discovered Beehive deposit at its Orom-Cross graphite project in Uganda, with two deep holes delivering thick mineralised intervals of around 90–95 metres and multiple high-grade zones from near surface and remaining open at depth. The new data, together with prior results at Beehive and nearby deposits such as Iyan, Northern Syncline and Camp Lode, reinforce Orom-Cross as a potentially large, continuous graphite system capable of supporting multi-decade production, strengthening the project’s appeal to strategic and institutional investors as the company awaits assay results from over 180 additional shallow holes and progresses funding discussions for what it positions as a globally competitive, low-cost graphite development.

Spark’s Take on GB:BRES Stock

According to Spark, TipRanks’ AI Analyst, GB:BRES is a Underperform.

Blencowe Resources Plc faces significant financial instability with zero revenue, consistent losses, and negative cash flows, which weigh heavily on the stock’s overall score. While technical indicators suggest a bearish outlook, recent corporate developments, including funding and strategic agreements, provide some potential for future growth. However, the current financial and operational challenges dominate the evaluation, resulting in a low overall stock score.

To see Spark’s full report on GB:BRES stock, click here.

More about Blencowe Resources Plc

Blencowe Resources Plc is a London-listed mining and exploration company focused on developing the Orom-Cross graphite project in Uganda. The project targets large-scale, near-surface graphite deposits with the aim of becoming a low-cost, long-life supplier of high-quality graphite products to the growing global market, particularly for advanced industrial and battery-related applications.

Average Trading Volume: 5,447,808

Technical Sentiment Signal: Buy

Current Market Cap: £34.54M

See more data about BRES stock on TipRanks’ Stock Analysis page.