"This latest drilling program continues to progress well, with both geotechnical and infill drilling now completed. We are encouraged by the consistent, high-quality graphite being intersected, and excited to begin testing new targets at Northern Syncline and GT-01.

"Independent estimates suggest Orom-Cross deposit could hold 2-3 billion tonnes of graphite. While we don't need to drill all this out at once it does show that we have scale, and we know our graphite quality is very high so future demand will always be there. This scale means we can drill out additional Resources and Reserves in the future to meet accelerated demand forecast as the energy transition gathers pace.

"With high-quality product, scale, and a fast-track development strategy, Orom-Cross is increasingly standing out as one of the most compelling graphite projects globally."

Cameron Pearce, Executive Chairman, Blencowe Resources