Broker Research Initiation

13 January 2026

Blencowe Resources Plc

("Blencowe" or the "Company")

Broker Research Initiation

Blencowe Resources Plc (LSE: BRES) announces that Oak Securities has published an initiation research note, which is now publicly available on the Company's website.

The note reviews Blencowe's Orom-Cross Graphite Project in Uganda and reflects recent operational and corporate milestones, including the completion of the Definitive Feasibility Study ("DFS"), which outlines a staged development strategy.

The research also references the Company's expanding resource footprint following recent drilling at the newly identified Iyan and Beehive deposits. At Beehive, recently announced deep holes have intersected thick, continuous graphite mineralisation to depths of around 100 metres, with all holes ending in graphite. Assay results from a further c.180 shallow and step-out holes across these new deposits remain pending and are expected to be incorporated into an updated JORC Resource in due course.

The DFS defines an initial 15-year mine life based on a relatively small portion of the licence area, with scope for substantial life extension as additional resources are incorporated. The study also highlights Orom-Cross' low projected operating costs, staged capital intensity and exposure to higher-value downstream graphite products.

Blencowe continues to progress funding discussions with a range of strategic, institutional and development finance groups as it advances Orom-Cross toward construction and production.

A copy of the Oak Securities research note is available at:

https://blencoweresourcesplc.com/wp-content/uploads/2026/01/OAK-Securities-Initiation-Blencowe-Resources-09.01.2026.pdf

Investors and stakeholders can also register to receive Company updates, including regulatory announcements and media releases, via Blencowe's mailing list at:

https://blencoweresourcesplc.us13.list-manage.com/subscribe?u=ba87c801d05702dc7b8d75a3b&id=bd90aec04f

**ENDS**

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