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The latest announcement is out from Blencowe Resources Plc ( (GB:BRES) ).
Blencowe Resources has reported the final batch of assay results from 87 shallow holes at the Iyan deposit within its Orom-Cross graphite project, confirming thick, laterally continuous graphite mineralisation from surface and multiple intercepts over 30 metres. The data will underpin a maiden JORC resource estimate for Iyan in Q1 2026, expected to materially increase the overall Orom-Cross resource base.
The company plans to develop Iyan as a bulk blending deposit, using its combination of bulk tonnage and higher-grade zones to optimise mine planning and support efficient, low-strip mining. Management says the results strengthen the case for a large-scale, long-life development and bolster ongoing funding and offtake discussions, while pending assays from the nearby Beehive deposit are anticipated to deliver further resource growth and reinforce Orom-Cross as a multi-deposit graphite hub.
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 comprises multiple deposits, including Camp Lode, Northern Syncline, Iyan and Beehive, aimed at supplying consistent, large-scale graphite feed for long-life, low-cost production.
Average Trading Volume: 5,293,369
Technical Sentiment Signal: Buy
Current Market Cap: £42M
For an in-depth examination of BRES stock, go to TipRanks’ Overview page.