Blencowe Resources: Stage 7 Update

"We are delighted to report continued success in our Stage 7 drilling program to expand and upgrade the JORC Resource. The Beehive Lode is an exciting new step-out target that we have wanted to test with the drill bit for some time and early indications are very promising. Our independent geologists have estimated Orom-Cross to be one of the most substantial graphite deposits worldwide and success at Beehive will further enhance our confidence in that evaluation.

"All of this work is integral to expanding both Resources and Reserves and will ultimately feed into the Definitive Feasibility Study underway. Importantly, this technical progress supports the commercial traction we're now seeing with offtake partners and lays the groundwork for strategic project-level funding discussions already underway."

Cameron Pearce, Executive Chairman.