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This coupled with the quality of the fines concentrate confirms overall highest quality and purity of the Orom-Cross end product in all graphite market segments. This will bode well for offtake contracts and sales volumes.

Blencowe is now proceeding with additional metallurgical test work for other specialised market segments and to consider downstream processing as part of an enhanced value-add strategy for the project. More will be announced on this as detailed work progresses ahead.

All of the work items noted above are key actions within the US$5 million Grant Agreement signed with the Development Finance Corporation ("DFC"), and completion of these milestones will unlock the next tranches of funding.

Executive Chairman Cameron Pearce commented:

"Blencowe is making progress on all parts of the Definitive Feasibility Study with key actions currently underway in Uganda, China, Australia and the United States respectively. We are very pleased with all results to date and we will continue to add value to this world class project."

Mr Pearce added "Orom-Cross is one of the few graphite projects worldwide with the critical three inflection point factors all in play together, being lowest percentile capital cost, lowest percentile operating cost and highest purity of end products. Not many other graphite projects have all of these together and any one of them out of sync creates big problems. Add to this a very sustainable project with significant ESG advantages and Orom-Cross becomes almost unique. These are what will ultimately allow Blencowe to secure offtake contracts, fund the project, and bring Orom-Cross into production once we have completed the DFS. Our feasibility study continues to highlight these advantages and we will use them to showcase the quality of the asset that we are developing."

Orom-Cross Graphite Project Continues Progress on DFS Components

Project works continue towards staged DFC Milestone compliance

Highlights:

· Blencowe has successfully completed the excavational and preparation for export of an additional 600 tonne bulk sample from Orom-Cross.

· Test work nearing completion on environmentally sustainable tailings disposal options.

· Expandability test work completed by leading Chinese graphite laboratory at Wuhan University.

· Further test work on expandability nearing completion by a leading US graphite producer.

Blencowe Resources Plc ("Blencowe" or the "Company"), is pleased to provide an update of the progress of significant works currently underway across four continents as part of the DFS for its Orom-Cross graphite project in Northern Uganda. Test work is currently nearing completion on a number of phases critical for the meeting of staged milestone payments from the DFC and also for additional discussions with potential off-take firms, specifically for the large flake product generated by the project.

Blencowe has progressed the excavation and packaging of an additional 600 tonne bulk sample for processing at the Jilian New Technology ("Jilian") pilot plant facility in China. This is over and above the initial 100 tonne bulk sample that was successfully processed by Jilian earlier in the year. This larger sample will be used to confirm consistency of end products delivered via commercial scale processing and it will also provide larger quantities of tailings for test work on environmentally friendly tailings disposal. In addition it will also provide larger scale bulk samples of concentrates for SPG testing. These will be used to confirm the downstream options for the project and provide larger samples of several tonnes to various tier one potential battery off-takers who have requested same for commercial quality testing.

Tailings test work is nearing completion at IMO in Western Australia in line with the Company's philosophy to be one of the greenest graphite producers worldwide. Test work completed to date has shown that the Company can remove up to 80% of the sulphur in the tailings and achieve significant benefits with drying the tailings and removal of acid drainage and wet tailings disposal. With the substantial advantage of powering the entire mining operation via hydro-energy from the Ugandan national grid Blencowe wants to go even further in its quest for maximum sustainability, as top ESG credentials will be a major advantage ahead as well as a key differentiator to most other graphite projects that cannot match this.

Expandability test work on the large flake from the Orom-Cross concentrate has again demonstrated the high quality and purity of the Orom-Cross graphite from all the laboratories which have indicated expansion volumes at the higher ends of industry average for moderate dosages of oxidant and acid wash. This coupled with t

Disappointed as I am at not having funding news yet I believe no RNS is a good sign. PXC have always extended the loan early before, but nor this time. Tells me it could be all but done. ATB anyway.

Nice delayed buy there. 308000 shares way above the ask. Reckon we might be starting a Santa Rally here! ATB

Only able to buy 2000 shares at a time! £120 odd pounds worth. ATB

All looks good here. Let's see where we go today. ATB

Had it on my watchlist for a while. Looks crazy cheap now! ATB

Not a bean available on Halifax! atb

All sounds good, if a little confusing. Anyone with a bit more knowledge of the company able to explain it a bit better than the RNS does?

Wasting half an hour of your life posting crap on a share you don't own at the weekend just shows how worthless your existence is Stt1. Really sad and I (almost) feel sorry for the massive void you must have in your life.

Well, I'm with Halifax and can't even get 1000 shares at the moment. ATB

Great production figures and great grades there. Will only give me a quote for 2000 shares! ATB

Most it will let me buy is 1000 shares - just over £60 worth!. RasIe the bid then MM! Brilliant news this is. ATB

Some fantastic gold grades there. Don't see 10g/t on very many mine reserves. And then we have the copper project to add too. ATB

Talking of historic posts Bushyfailed - Here's yours on HUM yesterday @ 16.19pm .....'12p from here, 8p is looking like a decent support level'. HUM price now dropped down to 7.90. That's some support level!! Way to go Bushyfailed!!!

Now a higher sell price than buy price!

Amazing news for a friday!!! Gonna make my weekend this is. ATB

Looking very strong these past couple of weeks. Be nice to put the teens behind us - for good!!! ATB

' I hold here, but have written off my investment'. One of the stupidest things I have read on a Bulletin Board! Could always go onto your online share dealing account and press the sell button? If you're not sure how to do it there must be a tutorial you can read. Hope this helps. ATB

Excellent results. In the mess that the markets are in at the moment, Hvivo is a shining light of hope in my portfolio!! ATB for a good run off this.