Blencowe's World-Class Graphite Project. Low Cost. Perfect Timing.

Why It Matters

The project positions Blencowe to capture premium graphite pricing as demand surges, offering investors a high‑margin, low‑cost entry into the fast‑growing EV battery supply chain.

Key Takeaways

• Project is world‑class graphite asset with large scale and high purity.
• Only a few percent of resource has been drilled; vast upside remains.
• Low capex and operating costs make the project financially attractive.
• Graphite market heating up; few new producers expected in near term.
• Targeting production within 12‑15 months while securing multiple off‑take contracts.

Summary

Blencowe’s latest video spotlights its world‑class graphite project, emphasizing the massive scale, exceptional purity, and low‑cost structure of the Oramcross deposit. The company asserts that only a small fraction of the resource has been drilled, underscoring a substantial upside as it moves toward production within the next 12‑15 months.

Key insights include the project’s low capital‑expenditure and operating‑cost profile, which together promise strong margins. The market backdrop is shifting, with demand for high‑purity graphite accelerating due to electric‑vehicle battery and renewable‑energy applications, while the pipeline of new producers remains thin. Blencowe is actively courting off‑take agreements, showcasing product to major brands, and pursuing term‑sheet financing to fund the build‑out.

Notable remarks from the presentation highlight that “we’ve literally only drilled a couple of percent of what we’ve got,” and that securing “off‑take tenders” and “funding solutions” are top priorities. The company also references upcoming drill results from the Beehive zone and a planned Chalk upgrade, signaling continued exploration momentum.

If Blencowe can lock in financing and off‑take contracts, it could become one of the few new graphite suppliers at a market peak, delivering significant upside to shareholders and helping alleviate supply constraints for battery manufacturers.

Original Description

Blencowe has announced the addition of a JORC resource for the Iyan deposit at its Orom-Cross graphite project in Uganda. The total resource at the project now stands at 43 million tonnes of ore, with only 2% of the surface area of the licence drilled. The company will also be releasing further drill results from the Beehive deposits in due course, and these will lead on to a further resource upgrade. Will Orom-Cross go through the magic 50 million tonnes mark? It's a number that chief executive Mike Ralston floats without hesitation as he sits down to walk us through the implications of the latest results, and to tell us what happens next