Corporate Presentation

Blencowe Resources Plc (LSE: BRES), advancing the large-scale, high-quality Orom-Cross graphite project in Uganda, is pleased to release its latest corporate presentation, offering a detailed update on the Project’s development and upcoming milestones.

Presentation Highlights:

· Definitive Feasibility Study (DFS) near completion, targeted for Q4 2025

· PFS delivered post-tax NPV8 of US$482M and 49% IRR8 with economics expected to be materially upgraded in the upcoming DFS

· Strategic partnership with the US Development Finance Corporation (DFC), which has provided US$5M non-dilutive grant funding for the DFS

· Offtake agreements signed that cover the full Phase One production.

· Downstream value-add strategy to purify graphite to battery grade within Uganda underway

· Targeting first production by end-2026, with plans to scale up from 10,000 tonnes to 175,000 tonnes production of concentrate

· Strong ESG credentials, including 100% hydropower, net-zero mine strategy, and EU-linked offtake via Project SAFELOOP

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

https://blencoweresourcesplc.com/wp-content/uploads/2025/09/Blencowe-Presentation-Sept-2025.pdf

Blencowe’s CEO Mike Ralston commented:

“Orom-Cross is building strong momentum as we approach DFS completion. Ahead of the study’s conclusion, we expect the first in a series of assay results from our recent successful infill drilling campaign, which will underpin a material resource upgrade and considerably enhance project economics.”

“Together with our strategic partnerships, our established infrastructure at site and our strong ESG credentials, we are positioning Orom-Cross to enter the financing phase as a significantly de-risked and globally competitive graphite project.”

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 already completed a successful Pre-Feasibility Study on the Project and is now within the final stage of the Definitive Feasibility Study phase as it drives towards first production.

Orom-Cross presents as a large, shallow open-pitable deposit, with an initial JORC Indicated & Inferred Mineral Resource of 24.5Mt @ 6.0% TGC (Total Graphite Content). This Resource has been defined from only ~2% of the total tenement area which presents…

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