Annuncio • Apr 02
Bezant Resources Plc has completed a Follow-on Equity Offering in the amount of £2.07 million. Bezant Resources Plc has completed a Follow-on Equity Offering in the amount of £2.07 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 3,123,076,924
Price\Range: £0.00065
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 61,538,462
Price\Range: £0.00065
Transaction Features: Subsequent Direct Listing Annuncio • Mar 26
Bezant Resources Plc (AIM:BZT) agreed to acquire an additional 20% stake in Hope and Gorob Mining Pty Ltd from Mkh Tangible Investments Cc for £1.1 million. Bezant Resources Plc (AIM:BZT) agreed to acquire an additional 20% stake in Hope and Gorob Mining Pty Ltd from Mkh Tangible Investments Cc for £1.1 million on March 24, 2026. The agreed total consideration payable is £1.1 million to be settled £0.557 million by the issue of the 515,263,645 Consideration Shares at £0.001081 per share and £0.577 million in staged cash payments (£0.15 million by March 31, 2026, and £0.396 million by May 15, 2026). An initial additional 10% shareholding in Hope & Gorob will be acquired by the Bezant group on the issue of the Consideration Shares and the second additional 10% on the payment of the Cash Consideration. The Consideration Shares when issued will rank pari passu with the existing ordinary shares in the Company and will be subject to the following lock up and orderly market arrangements. During the orderly market period Bezant will have 60 days to arrange the sale of the Consideration Shares at a price agreed with MKH prior to MKH selling the Consideration Shares in the market. As part of the acquisition, MKH will retain a 10% interest in Hope & Gorob and its' representative Tango Kandjaba will continue in his role as a director of Hope & Gorob.
Roland Cornish and Asia Szusciak of Beaumont Cornish Limited acted as financial advisor for Bezant Resources Plc. Beaumont Cornish Limited acted as fairness opinion provider for Bezant Resources Plc. Board Change • Dec 30
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Non-Executive Director Evan Kirby was the last independent director to join the board, commencing their role in 2008. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Annuncio • Oct 30
Bezant Resources plc Announces the Publication of A Feasibility Study Report Summary in Relation to the Hope and Gorob Mining Project Bezant Resources Plc announced the publication of a Feasibility Study Report Summary in relation to the Hope and Gorob mining project which has been prepared by independent consultants Sound Mining International Limited. Proposed use of NLZM Plant: The Run of Mine ore mined at the Project mine site will be pre-concentrated on-site using multi-sensor dry ore sorting technology before being trucked to the NLZM Processing Plant for concentration and production of a final product for sale. The audit assessed the NLZM Processing Plant's readiness to transition from lead-zinc processing to a dual copper oxide and sulphide flotation system, in preparation for preconcentrate from the Hope and Gorob mine. Key recommendations include upgrading flotation circuits, improving milling and dewatering systems, and implementing modern automated controls. Financial Summary: The financial model summarised in Section 11 of the Report was conducted and signed off by ENC Minerals (Proprietary) Limited, with cost contributions from the relevant subcontractors involved in the Project. The model was developed using the mine plan and schedule provided by Sound, covering the Hope, Vendome and Gorob areas. The financial model incorporates RoM material upgraded via ore sorting to produce a preconcentrate to reduce transport costs to the NLZM concentrator, located approximately 190km from the mining site at the Project. Availability of Report: The Report willshortly be published on Bezant Resources' website at <URL> and extracts will be included in the general meeting circular that Bezant Resources is preparing in connection with obtaining shareholder approval for the acquisition of a 90% shareholding in Namib Lead and Zinc Mining (Proprietary) Limited ("NLZM") which owns the NLZM Processing Plant. Annuncio • Aug 14
Bezant Resources Plc (AIM:BZT) agreed to acquire 90% stake in Namib Lead & Zinc Mining (Pty) Ltd from CL US Minerals LLC. Bezant Resources Plc (AIM:BZT) agreed to acquire 90% stake in Namib Lead & Zinc Mining (Pty) Ltd from CL US Minerals LLC on August 13, 2025. A cash consideration will be paid by Bezant Resources Plc. The consideration consists of 350 million warrants of Bezant Resources Plc to be issued for common equity of Namib Lead & Zinc Mining (Pty) Ltd. As part of consideration, an undisclosed value is paid towards common equity and an undisclosed value is paid towards non-convertible debt of Namib Lead & Zinc Mining (Pty) Ltd. The combined cash value paid towards the common equity and shareholder loans of Namib Lead & Zinc Mining (Pty) Ltd is $3 million. Bezant Resources Plc shall pay a break fee of $1 million if Bezant Resources Plc fails to fulfill its obligations. The transaction is subject to approval of offer by acquirer shareholders and subject to antitrust regulations.
Beaumont Cornish Limited acted as financial advisor for Bezant Resources Plc. Annuncio • Jul 02
Bezant Resources Plc, Annual General Meeting, Jul 25, 2025 Bezant Resources Plc, Annual General Meeting, Jul 25, 2025. Location: druces llp, salisbury house, london wall, ec2m 5ps, london United Kingdom Annuncio • May 22
Ajax Resources Plc (LSE:AJAX) completed the acquisition of Puna Metals SA from Bezant Resources Plc (AIM:BZT). Ajax Resources Plc (LSE:AJAX) agreed Heads of Terms to acquire Puna Metals SA from Bezant Resources Plc (AIM:BZT) for $0.22 million on February 25, 2025. Under the Heads of Terms, Ajax Resources has agreed terms, to be formalized by way of a share purchase agreement, to acquire 100% of Puna by way of an initial $0.12 million cash payment, with deferred consideration of an additional $0.1 million, to be satisfied through the issue of new ordinary shares of 1 pence each to Bezant. The deferred consideration element of the Acquisition will become payable on the admission to trading of the enlarged share capital of the Company to a recognized stock exchange or multilateral trading facility, with the value of the deferred consideration calculated by reference to a broader fundraising concurrently undertaken. The Acquisition would constitute an initial transaction under the FCA UK Listing Rules, and Ajax Resources has requested to the FCA that the listing of its Ordinary Shares on the FCA Official List be suspended. Ajax Resources Plc (LSE:AJAX) entered into a conditional share purchase agreement to acquire Puna Metals SA from Bezant Resources Plc (AIM:BZT) on April 15, 2025. Under the terms, Ajax Resources Plc will now pay $0.17 million in cash and a deferred consideration of $0.05 million. The transaction is subject to certain conditions precedent including confirmation of the Puna creditors post completion of the SPA. The Acquisition is due to complete on May 20, 2025. As of May 1, 2025, the transaction is expected to close on May 21, 2025.
Roland Cornish and Asia Szusciak of Beaumont Cornish Limited acted as financial advisor to Bezant Resources Plc. Nick Harriss and Daniel Dearden-Williams of Allenby Capital Limited acted as financial advisor to Ajax Resources Plc.
Ajax Resources Plc (LSE:AJAX) completed the acquisition of Puna Metals SA from Bezant Resources Plc (AIM:BZT) on May 21, 2025. Annuncio • May 02
Ajax Resources Plc (LSE:AJAX) completed the acquisition of Puna Metals SA from Bezant Resources Plc (AIM:BZT). Ajax Resources Plc (LSE:AJAX) agreed Heads of Terms to acquire Puna Metals SA from Bezant Resources Plc (AIM:BZT) for $0.22 million on February 25, 2025. Under the Heads of Terms, Ajax Resources has agreed terms, to be formalized by way of a share purchase agreement, to acquire 100% of Puna by way of an initial $0.12 million cash payment, with deferred consideration of an additional $0.1 million, to be satisfied through the issue of new ordinary shares of 1 pence each to Bezant. The deferred consideration element of the Acquisition will become payable on the admission to trading of the enlarged share capital of the Company to a recognized stock exchange or multilateral trading facility, with the value of the deferred consideration calculated by reference to a broader fundraising concurrently undertaken. The Acquisition would constitute an initial transaction under the FCA UK Listing Rules, and Ajax Resources has requested to the FCA that the listing of its Ordinary Shares on the FCA Official List be suspended. Ajax Resources Plc (LSE:AJAX) entered into a conditional share purchase agreement to acquire Puna Metals SA from Bezant Resources Plc (AIM:BZT) on April 15, 2025. Under the terms, Ajax Resources Plc will now pay $0.17 million in cash and a deferred consideration of $0.05 million. The transaction is subject to certain conditions precedent including confirmation of the Puna creditors post completion of the SPA. The Acquisition is due to complete on May 20, 2025.
Roland Cornish and Asia Szusciak of Beaumont Cornish Limited acted as financial advisor to Bezant Resources Plc. Nick Harriss and Daniel Dearden-Williams of Allenby Capital Limited acted as financial advisor to Ajax Resources Plc.
Ajax Resources Plc (LSE:AJAX) completed the acquisition of Puna Metals SA from Bezant Resources Plc (AIM:BZT) on May 1, 2025. Annuncio • Feb 27
Ajax Resources Plc (LSE:AJAX) has agreed Heads of Terms to acquire Puna Metals SA from Bezant Resources Plc (AIM:BZT) for $0.22 million. Ajax Resources Plc (LSE:AJAX) has agreed Heads of Terms to acquire Puna Metals SA from Bezant Resources Plc (AIM:BZT) for $0.22 million on February 25, 2025. Under the Heads of Terms, Ajax Resources has agreed terms, to be formalised by way of a share purchase agreement, to acquire 100% of Puna by way of an initial $0.12 million cash payment, with deferred consideration of an additional $0.1 million, to be satisfied through the issue of new ordinary shares of 1 pence each to Bezant. The deferred consideration element of the Acquisition will become payable on the admission to trading of the enlarged share capital of the Company to a recognised stock exchange or multilateral trading facility, with the value of the deferred consideration calculated by reference to a broader fundraising concurrently undertaken. The Acquisition would constitute an initial transaction under the FCA UK Listing Rules, and Ajax Resources has requested to the FCA that the listing of its Ordinary Shares on the FCA Official List be suspended.
Roland Cornish and Asia Szusciak of Beaumont Cornish Limited acted as financial advisor for Bezant Resources Plc. Board Change • Dec 30
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Non-Executive Director Evan Kirby was the last independent director to join the board, commencing their role in 2008. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Annuncio • Nov 07
Bezant Resources plc Announces Commencement of Optimization and Geotechnical Drilling At Hope & Gorob Copper - Gold Project, Namibia Bezant Resources announced it has commenced a drill programme on the Hope & Gorob deposit located in Namibia in which Bezant holds a 70% interest. Highlights: Large diameter diamond core drilling is aimed at providing fresh mineralisation samples for ore sorting optimisation and modulation work and the collection of drill core for geotechnical assessment. Final external review of operating facilities has been completed by specialist consultants and subsequent reports are expected to confirm capital cost estimates and proposed metallurgical flow sheets. External metallurgical engineers have also been requested to provide plant configuration, operation options that would allow for an increase in plant throughout capacity. The Company will be placing adverts nationally to ensure all Namibians are able to apply for a wide range of employment opportunities. Annuncio • Oct 30
Bezant Resources plc Provides Update Following the Technical Review of the PCB Gold Project in Zambia Bezant Resources provided shareholders with an update following the technical review of the PCB gold project in Zambia. A collaboration agreement signed with PCB Mining Limited in relation to a recently active gold operation in Zambia required a technical assessment of exploration potential, grade control, mining operations and mineral processing by Bezant. Geological investigation has provided a good understanding of the fundamentals of gold mineralisation and distribution within the concession and adjacent areas. The assessment suggests the potential for significant amounts of gold mineralisation close to surface and therefore with open pittable potential. PCB Mining has now been granted a small-scale mining licence No. 38211-HQ-SML covering the project area, valid for 10 years to 25th August 2034 which permits mining activities for gold and other minerals on the property. Operating mines in the area are successfully processing similar mineralisation types using low capital and operating cost gravity methods. The Company's investigations also suggest that low capital cost additions to the processing plant could considerably reduce operating costs producing better productivity and improved gold recoveries. On 7 June 2024 Bezant entered into an exclusive collaboration agreement with PCB Mining Limited in relation to its small scale exploration licence 24988-HQ-LEL in Zambia (now covered by small-scale mining licence 38211- HQ-SML). Bezant will earn a 15% interest in the PCB Licence /PCB Mining by providing a project restart plan for PCB Mining and assisting PCB Mining in obtaining financing for the project restart. The key commercial terms are: 1. Services to be provided: PCB Mining have advised there is a plant on site owned by PCB Mining and PCB Mining wish to appoint Bezant on an exclusive basis for 180 days to; a. prepare and construct a capital and operating cost budget to recommence mining operations at the Project ("Project Restart"). and b. assist PCB Mining in obtaining finance for the Project Restart and the appointment of a mine contractor and engineering consultant to oversee the recommencement of the Project Restart . 2. Commencement of Services: Bezant are to commence the Services within 15 days of the agreement. Commencement is defined as both physical activity within the PCB Licence boundaries and desktop studies related to the Services which will include technical, financial and legal due diligence in relation to a project of this nature. Fee for Services: The fee for the Services is a 15% interest in thePC Licence and /or PCB Mining. 4. Trigger for Issue of 15%: In the event of the completion of funding for the Project Restart or a proposed change of control of PCB Mining and or sale of equity in or joint venture of PCB Mining or the Project then Bezant has the right to be issued by PCB Mining that number of PCB Mining shares that taking into account Bezant's PCB Mining shares equals 15% of PCB Mining's issued share capital as enlarged by the issue of the Bezant's PCB Mining share capital as enlarged by the issues of the Bezant'sPC Mining shares and the issue of any unissued shares or shares related to options or other rights to subscribe for PCB Mining shares. New Risk • Oct 25
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 61% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (32% average weekly change). Earnings have declined by 31% per year over the past 5 years. Shareholders have been substantially diluted in the past year (61% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (€5.02m market cap, or US$5.43m). Annuncio • Oct 03
Bezant Resources Plc has completed a Follow-on Equity Offering in the amount of £0.25 million. Bezant Resources Plc has completed a Follow-on Equity Offering in the amount of £0.25 million.
Security Name: Ordinary Share
Security Type: Common Stock
Securities Offered: 714,285,714
Price\Range: £0.00035
Transaction Features: Subsequent Direct Listing Annuncio • Aug 28
Bezant Resources plc Provides Hope & Gorob Copper-Gold Project Permitting Update Bezant Resources Plc confirmed the issue of an Environmental Clearance Certificate ("ECC") for Licence 7170, Hope & Gorob Copper - Gold Project, Namibia (Licence EPL7170) valid until 12 August 2027. The licence was previously renewed for a further period of two years from the previous expiry to 22nd October 2025 subject to the granting of the ECC. With the granting of the certificate the way is clear for the Company to continue with exploration on this important extension to the pending Hope & Gorob Mining Licence and EPL 5796 exploration licence for which renewal is also in process. Licence EPL7170 offers approximately 30km of prospective Matchless Belt geology that has to date delivered 15Mt of JORC (2012) compliant Mineral Resources within the pending Hope & Gorob Mining Licence. The Company will provide information on future exploration results on EPL7170 as work progresses to increase the Hope & Gorob global copper - gold resource. Annuncio • Jul 10
Bezant Resources Plc, Annual General Meeting, Jul 31, 2024 Bezant Resources Plc, Annual General Meeting, Jul 31, 2024. Location: fladgate llp, 16 great queen street, wc2b 5dg, london United Kingdom New Risk • Jun 30
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -UK£612k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-UK£612k free cash flow). Earnings have declined by 5.5% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (€2.69m market cap, or US$2.88m). Minor Risk Shareholders have been diluted in the past year (49% increase in shares outstanding). Annuncio • Jun 14
Bezant Resources plc Provides Update on Hope & Gorob Copper - Gold Project in Namibia Bezant Resources Plc provided an update on the Hope & Gorob Copper - Gold Project in Namibia. Letters of preparedness have been received from the main contractors responsible for future mining, processing plant construction and concentrate haulage and Letters of Intent and offers for financing of an off-grid hybrid renewable power supply for the Project. Whilst the mining licence is pending, the Company has progressed all other technical aspects of the Project including the finalisation of infrastructure, mine and pre-concentrator final designs, audit and costing for the repurposing of an existing flotation plant located within trucking distance of Hope & Gorob to process pre-concentrate from the new mine and the adoption of a renewable energy solution building on existing environmental initiatives included in plant design. Other environmental initiatives include, amongst others, minimising water consumption on site through the use of dry ore sorting as a pre-concentration step. Highlights: A leading contracting group has provided a final set of competitive unit costs for mining, ore haulage to the ore sorting plant, haulage of pre-concentrate and the transfer of a final concentrate to Walvis Bay for export. Individual unit costs are in line with costs used in financial modelling; An international engineering group has confirmed its' readiness for the construction and installation of the front-end crushing, ore sorting and conveying circuits. With offices and workshops located in Swakopmund, the group is well-placed to complete the project and provide continuous support and maintenance services; Preferred engineering, construction, and project management ("EPCM") supplier has been identified and proposal received for the upgrading and repurposing of the existing available flotation plant and Tailings Storage Facility ("TSF"); Technical design and costing of a hybrid power supply solution including renewables for the mine site has been completed and discussions are underway to finalise a Power Purchase Agreement ("PPA") for the installation of the bulk power supply. Annuncio • May 16
Bezant Resources plc Announces Commencement of Geophysical Surveying at West Manganese Project Bezant Resources Plc provided information on the commencement of geophysical surveying to assist in extending the footprint of the deposit. IP/resistivity geophysical surveying will be undertaken initially on three profiles across the detrital manganese deposit as established by mapping and the previous Phase 1 drilling programme. Subject to these results it is planned to extend the survey for at least 2km along strike to test the extensions to the deposit indicated by earlier soil sampling. The aim of the survey will be to expand the footprint of the deposit by outlining targets for further drilling, leading towards definition of an initial mineral resource. The Project Area is close to the K-Hill manganese deposit where a TSX listed public company reports a PEA based on a life of project MnO grade of 15.2% yielding a NPV (8%) of USD 984m and an IRR of 29.4% - a mining licence application has been lodged. On 9 February 2023 Bezant announced the results of a maiden drilling programme at the Moshaneng prospect on the Kanye property. Drilling intersected a zone of shallow flat-lying detrital supergene manganese-iron mineralisation which appears to infill an irregular karst surface over a minimum strike length of 400m. Among assay intervals encountered were: 6m @ 28.64% MnO from 6m depth in hole MS-RC-12 o Including 4m @ 35.38% MnO from 8m depth; 3m @ 21.85% MnO from 4m depth in hole MS- RC-06; 3m @ 21.20% MnO from 2m depth in hole MS-R-07; Less than 25% of the more than 2km potential extent of the target defined by soil geochemistry has been drill tested to date. Sulphuric acid leaching optimisation testwork on Kanye drill samples found that manganese recoveries of 99.4% were achievable at moderate process conditions. The Kanye manganese deposit demonstrates an excellent overall manganese recovery using moderate leaching conditions compared with benchmarked projects. Having established that the Kanye mineralisation is potentially suitable for processing to high purity manganese, the Company plans for further exploration at the project to expand the footprint of the deposits and advance towards resource definition. Further metallurgical test work will be considered at a later stage of project advancement. New Risk • Apr 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (29% accrual ratio). Shareholders have been substantially diluted in the past year (53% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (€2.80m market cap, or US$2.97m). Minor Risk Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Annuncio • Feb 09
Bezant Resources Plc Provides an Update for Hope and Gorob Copper-Gold Project Situated Within EPL 5796 in Central Namibia Bezant Resources Plc provided an update for Hope and Gorob copper-gold project situated within EPL 5796 in central Namibia, approximately 100km SW of Windhoek, the capital city, and 120km SE of the major African port of Walvis Bay. BZT holds a 70% interest in the Project. The company has undertaken a Social and Environmental Impact Assessment (ESIA), which has been submitted to interested and affected parties for comments, in anticipation of a near-term issue by the Namibian Government of a Mining Licence. In addition, a significant amount of supplementary work has been completed that will aid optimisation of the process flowsheet, final mine design and eventual commencement of the operation. The current JORC 2012-compliant Mineral Resource Estimate (MRE) for Hope and Gorob (gross*), updated for Bezant by the independent consultants Addison Mining Services (AMS) was announced on 27 October, 2023, believed to be amenable to a Phase 1 open-pit operation and Phase 2 underground mine, is: 15 Mt @ 1.2% Cu and a projected average grade of 0.4 g/t Au. The MRE includes 1.24 Mt @ 1.6% Cu and 0.4 g/t Au (Indicated) and 14 Mt @ 1.2% Cu across Hope, Gorob and associated deposits within which lies 3 Mt @ 1.7% Cu and 0.4g/t Au at the Hope project alone. The MRE is equivalent to 190,000t of contained copper. AMS have identified significant potential for open pit extraction of 2.4Mt and the prospects for increasing the size of the open pit resource for a further 700Kt to 1 Mt thus postulating an initial open pit with 5 years mine life at an annual rate of 500Kt per year. Annuncio • Dec 05
Bezant Resources Plc has completed a Follow-on Equity Offering in the amount of £0.8 million. Bezant Resources Plc has completed a Follow-on Equity Offering in the amount of £0.8 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 3,200,000,000
Price\Range: £0.00025
Transaction Features: Subsequent Direct Listing Annuncio • Jul 25
Bezant Resources plc Announces Results from Phase 1 Metallurgical Test Work on West Manganese Sample Bezant provided information on encouraging results of Phase 1 metallurgical testing carried out byWardell Armstrong International on a sample from its' 100% owned Kanye manganese exploration project in Botswana. The primary objective of the work was to investigate the amenability of extracting manganese from the Kanye mineralisation by sulphuric acid leaching. Wardell Armstrong International (WAI) was commissioned by Bezant to undertake a programme of metallurgical testing on a sample from the Kanye manganese deposit, Botswana. The primary objective of the testwork was to investigate the amenability of effectively extracting manganese from the mineralisation by sulphuric acid leaching. A secondary objective was to undertake a small programme of sample characterisation including chemical, XRF and XRD analysis. X-Ray Fluorescence analysis on the whole rock samples was conducted to determine the weight percentage of major rock-forming elements. The results showed that the sample primarily consisted of silicon dioxide and manganese oxide constituents, with minor phases of iron oxide and aluminium oxide. X-Ray Diffraction analysis on the whole rock sample was conducted to determine the weight percentage of individual mineral phases. The results showed that the sample primarily consisted of quartz, with lesser pyrolusite, goethite and talc. WAI determined the Kanye composite to have a manganese head grade of 15.48% Mn obtained using an aqua regia digestion with an ICP-OES finish. Six leach tests were conducted on the sample under varying conditions such as grind size, sulphur dioxide addition, and pH at a temperature of 60oC. A benchmark review of similar projects found sulphur dioxide to be an important parameter in the reduction of manganese to become more amenable to sulphuric acid leaching. The relationship observed demonstrates that sulphur dioxide (SO2) addition has a strong correlation to the overall manganese recovery. Overall manganese recovery ranges from 1.9% to 99.4% for 0.34kg/t to 500kg/t of sulphur dioxide addition for ALT1 and ALT3 respectively. In ALT6, pH was increased from 1.0 to 1.5 to reduce the overall acid consumption over the course of the leach to obtain more economic conditions for processing. Sulphuric acid consumption was reduced from 246kg/t to 217kg/t resulting in a decrease of overall manganese recovery from 82.6% to 79.2% for ALT5 and ALT6 respectively. Except for ALT1 and ALT2, where the resolution of the leach kinetics could be distorted as a result of poor recoveries, all tests demonstrate fast leach kinetics with relative manganese recoveries after 1 hour of leaching ranging from 84.9% to 90.7% for ALT6 and ALT3 respectively. Sample Characterisation: WAI determined the Kanye composite to have a manganese head grade of 15.48% Mn obtained using an aqua regia digestion with an ICP-OES finish; X-Ray Fluorescence analysis found the major elemental oxide present in the sample is silicon dioxide, with lesser amounts of manganese, iron, and aluminium oxides at 63.83%, 17.94%, 6.02%, and 2.61% respectively. X-Ray Diffraction analysis found the major mineral phases present were quartz and pyrolusite at 71.4% and 10.4% respectively. This is comparable to the metal composition from XRF analysis. Sulphuric Acid Leach Testwork: Sulphuric acid leaching demonstrated an amenability to extract manganese from the sample into solution. Manganese recoveries of 99.4% could be achieved at a pH of 1.0 and sulphur dioxide addition of 500kg/t; Sulphur dioxide addition values were found to have a direct correlation to the overall manganese recovery; With the exception of ALT1 and ALT2, the leach kinetics of manganese recovery were shown to be fast, with relative leach rates after 1 hour ranging from 84.9% to 90.7% for ALT6 and ALT3 respectively; Acid consumption values ranged from 27kg/t to 477kg/t for ALT2 and ALT3 respectively; pH was shown to influence the overall manganese recovery with a decrease from 82.6% to 79.2% when pH was increased from 1.0 to 1.5 for ALT5 and ALT6 respectively. Planned Phase 2 Test Work - WAI Recommendations: The primary objective is to continue from the previous phase of acid leach testwork to optimise the leaching parameters for economic processing of a manganese ore, whilst tracking a range of other elements relevant to the economics of battery-grade manganese production. Specifically, WAI recommended the following: Undertake further optimisation leaching testwork to decrease the level of acid consumption over the course of the leach. This could include variables such as further grind size investigation at elevated recoveries, leach optimisation at elevated pH, increased temperature, and calcination pre-treatment; Track the recovery of other analytes that are likely to have an impact on the downstream purification process circuit of battery-grade manganese sulphate monohydrate production; and Consider maintaining a redox potential with the addition of sulphur dioxide throughout the leaching process at defined intervals, as opposed to a single, substantial addition at the beginning of the leach process. Annuncio • Jul 06
Bezant Resources Plc, Annual General Meeting, Jul 28, 2023 Bezant Resources Plc, Annual General Meeting, Jul 28, 2023, at 10:00 Coordinated Universal Time. Location: Fladgate LLP, 16 Great Queen Street London United Kingdom New Risk • Jun 30
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 52% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (45% average weekly change). Shareholders have been substantially diluted in the past year (52% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (€2.85m market cap, or US$3.11m). Minor Risk Latest financial reports are more than 6 months old (reported June 2022 fiscal period end). Annuncio • Feb 10
Bezant Resources plc Provides Information on the Maiden Drill Programme at its 100% Owned Kanye Manganese Exploration Project in Botswana and an Update on the Hope and Gorob Project in Namibia Bezant Resources Plc provided information on the maiden drill programme at its' 100% owned Kanye manganese exploration project in Botswana and an update on the Hope and Gorob project in Namibia. Drilling was focussed on the Moshaneng Borrow Pit where high grade manganese boulders were exposed by shallow excavations for road fill material within a zone oriented east.southeast-west.northwest. The maiden drill programme was aimed at establishing the strike continuity, depth extent and grades of the mineralised zone. It was originally planned to undertake diamond core drilling, but it quickly became apparent that the detrital manganese mineralisation encountered could not be efficiently cored, so the programme was switched to reverse circulation ('RC') drilling in order to recover most of the manganese-rich material. In total 11 mostly angled holes were drilled at Moshaneng for a total of 682m, including two initial stratigraphic holes, followed by a series of shallow holes on four profiles. Available drill sites in the Borrow Pit were restricted by the pit workings and the space required to set up the large RC drill rig. Nevertheless, the mineralised zone was successfully tested in several of the holes spanning a minimum strike length of 400m. Based on initial pXRF checking, samples were chosen for assay at the ALS Global analytical laboratory in Johannesburg - selected assay intervals. Based on the drilling results and mapping of recent excavations towards the southeast end of the Borrow Pit, it appears that the manganese-hematite zone occurs as a shallow, flat-lying detrital deposit, probably with supergene enhancement, infilling an irregular karst dissolution layer towards the base of the Taupone Dolomite unit just above its contact with the underlying Black Reef Quartzite. The tenor of the grades encountered in drilling to date at Moshaneng are broadly in line with the grades reported from the nearby Giyani Metals K-Hill deposit, where anInferred Mineral Resource of1.7 million tonnes grading 25.7% MnO at a cut-off grade of 7.3% was reported in April 2021. The mineralised zone was seen to extend in the Moshaneng pit by at least a further 100m (500m minimum strike length in total). A series of channel and chip samples were collected by the Company for assay in the southeast pit extension before it was backfilled by the road contractors. These returned values up to 62.65% MnO. The area partly drill tested and sampled to date at Moshaneng represents about a 500m length of a zone which is interpreted from mapping and soil sampling to extend for at least 2km and is further open to the west-northwest. At the Loltware prospect, 4km east-southeast from Moshaneng, a single shallow angled diamond drill hole completed at 40m depth in the vicinity of earlier trenching encountered moderate manganese enhancement in a clay zone above the footwall quartzite, with an assay intervalof5.2m @ 7.80% MnO from 14.05-19.25m. Follow-up will focus on Moshaneng and will include geophysical surveying to help delineate the extension of the Moshaneng trend, preliminary mineralogical and process recovery test work to establish the amenability of the mineralisation to upgrading to battery grade manganese, and follow-up/infill RC drilling. A decision from the Ministry of Mines and Energy regarding the Hope and Gorob mining licence application ML 246 remains pending. Exclusive Prospecting Licence 5796 has been extended to 19 October 2024. EPL 5796 is the licence within which the area of mining licence application ML 246 has been made. Further work on the drill core generated during the most recent programme to test near-surface mineralisation has been completed and the new database is under review by external resource consultant Addison Mining Services with a view to generating an additional open pit Mineral Resource Estimate in second quarter of 2023 to complement the existing underground resource. Personnel familiar with the Matchless Belt geology and in particular the Hope and Gorob style of mineralisation have been recruited to manage the next phase of exploration to test the balance of the known and projected strike length and other defined targets. Exploration will focus on additional drilling and it is aimed to commence this programme in second quarter of 2023. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Evan Kirby was the last independent director to join the board, commencing their role in 2008. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Sep 14
Bezant Resources plc Provides Update on Kanye Manganese Project in Botswana Bezant Resources Plc provided information on trench assay results and preparations for a maiden drill programme at its' 100% owned high-grade Kanye manganese project in Botswana. Laboratory assays from trench sampling at the Loltware manganese prospect returned in-situ chip/grab sample peak results of 41.4% MnO, 49.23% MnO and 40.83% MnO from one metre wide zones of siliceous manganese mineralisation within a continuously mineralised zone of 40m @ 11.53% MnO · At the Moshaneng Borrow Pit, excavation of shallow clays by a local contractor for road fill has exposed further manganese-rich pods over a width of approximately 12-15m and a strike length of 250m · Strongly anomalous soil geochemistry suggests that the mineralised zone at Moshaneng may extend for more than 2km in total · Maiden diamond drill testing of both targets is planned - a contract has been signed with a local drilling company, with mobilisation expected later this month ALS Global analytical laboratory in Johannesburg provided the assay results for in-situ trench channel samples from three trenches at the Loltware prospect. Chip/channel samples from one metre intervals of high-grade siliceous manganese mineralisation on the floor of trench LT-TR01 returned individual sample assays of 41.4% MnO, 49.23% MnO and 40.83% MnO. These intervals occurred within a wider zone of detrital manganese mineralisation of 40m averaging 11.53% MnO, including 13m @ 16.18% MnO, including 3m @ 25.39% MnO. Trench LT-TR03 returned 18m @ 9.20% MnO, with a peak value of 17.95% MnO over 1m. The trench was stopped in mineralisation to avoid cutting an access track. The detrital manganese mineralisation appears to be wide and steeply-dipping, however a shallow drilling programme is required to more accurately establish the orientation, width and depth continuity of the zone. Excavations by a local contractor for road construction at the Borrow Pit continue to expose more siliceous manganese pods/lenses which are too hard for utilise for road fill. The main exposure is in the west-northwest of the pit, where two slightly offset pods extend for about 120-125m each along strike (250m in total) over a horizontal width of about 15-20m. Based on the geology as currently understood in this area, the sequence appears to dip fairly steeply to the north-northeast. The manganese pods are generally massive, variably hematitic, hard (siliceous) and brittle, tending to crumble into boulders and pebbles. Many of the blocks appear hematite dominant, with variable manganese content, but there are some apparently very high-grade manganese blocks. Initial diamond drilling programmes are proposed for both Moshaneng and Loltware to follow-up the established manganese occurrences at both sites. At Moshaneng it is proposed to test for continuity of high grade manganese mineralisation at shallow depths on drill two profiles, while at Loltware, a profile of three short angled holes is planned to test the full interval of manganese mineralisation encountered in trench LT-TR01. These holes should provide important information on the bedding orientation as well as the style, continuity and grade of manganese mineralisation below the near-surface detrital manganese recorded in the trenches. Annuncio • Aug 09
Bezant Resources Plc Updates on the Hope and Gorob Near-Surface Drill Programme Targeting Copper - Gold Mineralisation Bezant provided shareholders with an update on the Hope and Gorob near-surface drill programme targeting copper - gold mineralisation and to provide notice of the submission of both a Mining Licence Application and an Exploration Licence Renewal Application. Assay results for a further nine diamond drillholes at the Hope and Vendome prospects have been received following on from the encouraging results achieved and announced to the Market on 14 June 2022 for the near-surface drill programme completed at Gorob. Assay results have been received for 2 holes drilled at Vendome and 7 out of 8 holes at the Hope prospect, as detailed in Table 1.Two drillholes, HDP001 and HDP002 were drilled for geological purposes, not with the aim of intersecting mineralisation and hence are not included in Table 1 below. Results for HPD007 are still pending. 21 angled diamond drillholes were completed in the shallow drill programme for a total of 1,371.47m. Holes were collared at the Hope, Gorob, Vendome, Anomaly and Du Preez prospects. Drilling commenced at the Gorob prospect where 8 holes were completed with assay results reported to shareholders in June of this year. The Gorob drill intercepts extended mineralisation near-surface over a strike length of more than 500m, returning peak downhole intercepts of 2.16% Cu, 0.35g/t Au over 2.4m in hole GRD006 and 2.03% Cu, 0.18g/t Au over 5.5m in GRD003. Corresponding gold grades at Gorob were low compared to the consistent presence of gold in drill results to date for Hope and Vendome. Assay results from Hope and Vendome continue to confirm the Company's hypothesis that copper - gold mineralisation extends close to surface. Discovery of near-surface mineralisation provides the scope for the extension of the existing mineral resource estimate upwards from a variable depth of between 100m and 60m below surface where the current model typically terminates due to an absence of drilling in the intervening zone to surface. The programme aims to generate sufficient drill data including assay results and detailed geological logs to allow external resource consultants to update both the geological model and the mineral resource estimate. An updated Scoping Study completed in May 2022 noted that near-surface drilling at Hope and Gorob could be expected to add significantly to the current resource. Based on the recent drill intercepts in respect of both grade and mineralised widths, the Company believes that the eventual additional resource tonnes derived from near-surface mineralisation may exceed the preliminary estimate. Bezant has submitted a Mining Licence ("ML") application together with an Exploration Licence ("EPL") renewal application covering the Hope and Gorob Projectas the Company believes that sufficient exploration has been completed to warrant the application. The accompanying Environmental & Social Impact Assessment is also underway. The ML application is based on an updated Scoping Study ("Study") completed by external consultants in May 2022 incorporating existing and upgraded internal mineral resource estimates but excluding any subsequent additional resources to be generated from the current drill programme. The ML application covers a specific area of the original Hope and Gorob licence related to future planned mining activity. Annuncio • Jul 01
Bezant Resources Plc, Annual General Meeting, Jul 29, 2022 Bezant Resources Plc, Annual General Meeting, Jul 29, 2022. Annuncio • Jun 14
Bezant Resources plc Provides Hope and Gorob Project Shallow Drilling Update Bezant Resources Plc report results of the Gorob drill programme targeting previously untested near-surface copper - gold mineralisation on the Hope and Gorob Project in Namibia. Historic drilling was focussed on defining a resource at downhole depths ranging from 100m to >300m below surface. Historical resource estimates undertaken prior to Bezant ownership identified a combined mineralised 6.4km of strike length associated with the Hope, Gorob, Vendome, Luigi and Anomaly prospects. Historic drilling was frequently wide-spaced, making no attempt to confirm continuity either along strike or up-dip towards surface from the typically deeper intercepts. Bezant is targeting similar grades in the up-dip extension of this mineralisation at or near-surface. Assay results have been returned for Gorob and those for the other prospects are expected over the next few weeks. A further potential 3km of strike length has been identified that warrants drilling based on outcrop mapping and both pitting and trenching undertaken by previous explorers. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Evan Kirby was the last independent director to join the board, commencing their role in 2008. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Feb 08
Bezant Resources Plc Provides Updates on Hope and Gorob Project Bezant announced the successful completion of an all-parties technical visit to review the Hope and Gorob Project in Namibia leading to consensus on the best way to optimise project development and more specifically the lodging of a Mining Licence application.Lead engineering consultant Practara (Pty) Limited has developed a number of recommendations to be adopted aimed at including near-surface mineralisation into the Resource Model; Project design engineers Nurizon will review plant layout specifically to offer multiple options for presentation to the Namibian authorities for consideration. Further guidance will be provided by specialist Namibian environmental consultants, Namisun Environmental Projects and Development, managing a consortium of local experts given the responsibility for environmental impact assessment documentation. Plant design consultants will embark on high-level design based on feedback from the Company and consultants referencing project throughput, ore types, scheduling and life of mine. Current 2,000 metre drill programme objectives to be realigned with the Mining Licence application process with a short-term emphasis on: twinning historic drill holes to provide invaluable geological data, completion of initial geotechnical logging for engineering purposes including the siting of infrastructure and underground development, collection of drill core for detailed metallurgical test work, drilling to intersect near-surface copper (gold) oxide potential and to refine the geological model. Work will be undertaken to include near-surface copper mineralisation in the Resource model offering scope for lower cost early years production alongside the existing underground Resource development plan, with the potential to access underground via adit development from the open pit. Planned drill holes will be relocated specifically to achieve multiple outcomes including validation of historic drill results, provision of new geotechnical information and the collection of fresh ore samples for detailed metallurgical test work. External engineering consultants will continue to supplement the existing scoping work with updated information to generate a more detailed study which, in turn, can then be used by the environmental consultant for the Impact Assessment. Project Area: The Hope Copper-Gold project comprises three exclusive prospecting licences, EPL 5796, EPL 7170 and EPL 6605, totalling approximately 1,053km2, located in central Namibia approximately 100km to the south west of Windhoek, the capital of Namibia. Regional Geology and Mines: The area covered by the Hope Copper-Gold Project is characterised by superficial quaternary sand and gravel overlying the Swakop Group of the Damara Supergroup. The area is dominated by massive mica schists of the Kuiseb Formation of the Pan-African Damara Orogen. These lithologies host multiple high-grade copper-gold Besshi Type massive sulphide deposits, such as the historically mined Otjihase Copper deposit (>16Mt @ 2.2% Cu & 1.2g/t Au) to the northeast of the Hope property. JORC Resource: The Hope Copper-Gold Project covers a significant portion of the highly prospective Matchless Copper Belt. The Bezant project area contains a series of copper deposits, of which three (Hope, Gorob-Vendome and Anomaly) make up a combined Indicated and Inferred Mineral Resource of 10.2Mt @ 1.9% Cu and 0.3g/t Au at a 0.7% Cu cut-off, reported in accordance with the JORC Code (2012), containing 192kt of Cu metal and 3,190kg of Au. Approximately 30% of the Mineral Resource tonnage is classified in the "Indicated" Mineral Resource category with the balance in the "Inferred" Mineral Resource category and the estimate was based on 339 drill holes for a total of 63,855 metres. Annuncio • Jan 31
Bezant Resources plc Provides Information on Recent Work Completed and Further Programme Planning At Its' 100% Owned High-Grade Kanye Manganese Project in Botswana Bezant provided information on recent work completed and further programme planning at its' 100% owned high-grade Kanye manganese project in Botswana. Following on from field work referred to in the announcement of 24 June 2021, further site mapping and assessment visits were undertaken in late 2021 to the main previously identified sites with reported high grade manganese occurrences on prospecting licence 129 northwest of Kanye town. Of particular interest was the provisional identification of geological continuity between the prospects at the Moshaneng Borrow Pit and Loltware, over a strike length of about 4km. Bedrock exposure is limited in this area, but manganese occurrences appear to occupy in the same stratigraphic horizon that hosts the Giyani Metals K-Hill manganese deposit to the south-east. At the Moshaneng Borrow Pit, recent excavation by contractors for road material has uncovered additional exposures of manganese-bearing bedrock further to the northwest, with intermittent outcrop now extending over 300m, and not yet closed off in this direction. The Company is now preparing a follow-up exploration programme which is due to commence within the next week to test the continuity of the manganese zone between Loltware and Moshaneng. The programme will comprise primarily collection and testing of over 1,000 soil samples and excavation of at least three trenches to test below the shallow overburden covering layer. Soil analysis will be carried out on sieved material by hand-held XRF. In addition a provisional plan for drill testing the prospective unit in the vicinity of the Moshaneng Borrow Pit has been drawn up and this will be finalised once results of the soil/trenching programme have been received. Licences & location: The Kanye Manganese Project comprises a collection of nine prospecting licenses ("PLs") covering a total area of 4,043km2, located in south-central Botswana south of the town of Jwaneng and west of the town of Kanye and 150km by road from the capital Gaborone. Geological setting: The target for manganese mineralisation is manganiferous shale horizons located on the contact between the Taupone Group and the underlying Black Reef Formation. This geological setting is similar to that of the Giyani Metals Corp. manganese occurrences on their Kwgakgwe Hill (K-Hill), Otse and Lobatse projects which are located just a few kilometres off the Kanye property. The most significant of these (K-Hill) comprises a manganese-rich black shale formation within the lower Taupone Group containing an Inferred Mineral Resource of 1.7 million tonnes grading 25.7% MnO at a cut-off grade of 7.3% MnO prepared in accordance with Canadian National Instrument 43-101 (as reported by Giyani Metals Corp.in April 2021 as part of an updated PEA). Previous exploration: Previous exploration on the Kanye property has highlighted numerous manganese prospects which have not been systematically explored. These include: the Moshaneng Borrow Pit where a number of grab samples assaying up to 71% MnO were reported from massive manganese mineralisation; the Mheelo prospect, where reports mention that "pure manganese ore to a depth of 1.8m was intersected and the base of the mineralisation was not reached". Historical channel samples on the Mheelo Prospect (located within PL129/2019) yielded grades of 53.1% to 74.2% MnO; the Loltware Prospect, approximately 4km to the west of Mheelo where historical reports noted manganese outcrop with sample assays up to 43.6% MnO; the Lowe Prospect, comprised of chert that yielded historical manganese assay results up to 58.5% MnO; a local talc mine where six large bulldozed. Recent Insider Transactions • Jan 08
Executive Chairman & CEO recently bought €96k worth of stock On the 6th of January, Colin Bird bought around 62m shares on-market at roughly €0.0016 per share. This was the largest purchase by an insider in the last 3 months. This was Colin's only on-market trade for the last 12 months. Annuncio • Dec 16
Bezant Provides Shareholders with an Update on the Caerus Joint Venture Programme Underway in Cyprus Bezant provided Shareholders with an update on the Caerus Joint Venture programme underway in Cyprus. The Joint Venture partners have focused on the Troulli Project ("Troulli") where the team is currently building both gold oxide and copper sulphide hard rock resources from new discoveries and extensions to a former open pit Assays for short percussion holes drilled into the Gold Oxide Zone at Troulli returned highly encouraging results. Results for 20 percussion drillholes received to date - analyses for all diamond drillholes still awaited from the independent laboratory. Indications are that drilling could potentially delineate a gold oxide zone suitable for near-term development. Ongoing diamond drilling will provide the information required to complete the generation of a JORC (2012) Mineral Resource expected in Q1, 2022. It is important to note all mineralisation commences from surface and is thus conducive to low-cost mining. Copper Zone Drill Programme (Troulli): The JV Partners are now confident that the new copper zone discovery located close to surface and immediately beneath the Gold Oxide Zone has potential for development in tandem with the gold deposit. Initial percussion drilling did not intersect the full width of sulphide copper mineralisation. This has now been achieved with the recent diamond drill programme from which further analyses are pending. Recent infill diamond drilling has yielded compelling evidence for the continuity of the sulphide zone at depth. The company is targeting a copper sulphide JORC (2012) Mineral Resource during Q1, 2022. Annuncio • Nov 30
Bezant Mobilises a Drill Rig to Test Several New Airborne EM Targets in the Vicinity of the Hope and Gorob Copper-Gold Deposits in Namibia Bezant announced that it has mobilised a drill rig to test several new airborne EM targets in the vicinity of the Hope and Gorob copper-gold deposits in Namibia and has commenced work in preparation for a mining license application over the Hope-Gorob copper-gold project area. A drill rig has been mobilised to undertake at least 2,000m of diamond drilling to test a number of new airborne EM conductors in the vicinity of the Hope and Gorob deposit cluster on the Matchless belt in Namibia. The drilling has the potential to add to the existing JORC (2012) - compliant mineral resource base. The company has also engaged consultants to undertake work on an updated scoping study and an environmental screening and baseline study covering the Hope-Gorob deposits, with the aim of preparing for a mining license application before the expiry of the current exclusive prospecting license in October 2022. The studies will cover such areas as geotechnical engineering, underground mine planning, and scheduling and financial assessment, as well as groundwater, biodiversity and dust monitoring and Work has already commenced on data review/evaluation and environmental monitoring. Annuncio • Nov 24
Bezant Resources Plc announced that it expects to receive £1 million in funding from Sanderson Capital Partners Limited, Asset Management Arm Bezant Resources Plc announced that it has entered into an Working Capital Facility Agreement for a private placement of unsecured convertible loan funding facility for gross proceeds of £1,000,000 on November 22, 2021. The transaction will include participation from returning investor Sanderson Capital Partners Limited, Asset Management Arm. The facility is unsecured, interest free and can be drawn down in three tranches including tranche 1 of £350,000 to be drawn down from January 1, 2022 or within 6 months of January 1, 2022, tranche 2 of £350,000 to be drawn down from March 1, 2022 or within 6 months of March 1, 2022 and tranche 3 of £300,000 to be drawn down from May 1, 2022 or within 6 months of May 1, 2022. The tranche 1 loan, tranche 2 loan and tranche 3 loan are convertible into common shares at 0.19 pence per share, 0.225 pence per share and 0.25 pence per share, respectively. Unless otherwise converted, the company will repay each loan tranche on the first anniversary of the advance by the lender of the applicable loan tranche for each tranche which is the maturity date. On the drawdown of any loan tranche, the lender will be issued three year warrants over shares with a face value at the warrant exercise price equal to 50% of the amount drawn down under the loan tranche. The exercise price for the warrants applicable to tranche 1, tranche 2 and tranche 3 are 0.25 pence per share, 0.30 pence per share and 0.32 pence per share, respectively. The lender will be paid an arrangement fee of 7% of the amount of the facility to be settled by the issue of 50,000,000 new shares credited as fully paid at an issue price of 0.14 pence per share. On the drawdown of any loan tranche the lender shall be paid a further fee of 2% of the amount of the relevant loan tranche which is to be settled by the issue of new shares credited as fully paid at the five-day VWAP on the date of the relevant Loan drawdown notice. If there are no drawdowns under two or more of the loan tranches then on November 1, 2022 which is 6 months after the loan tranche 3 drawdown date of May 1, 2022 the company will issue a three year warrant to the lender for an amount equal to 25% of the working capital facility amount that has not been drawn down with an exercise price of 0.32 pence per share. Annuncio • Oct 01
Bezant Resources Plc Announces Modelling of Em Survey Data and Drill Planning Completed At Hope Cu-Au Project Bezant announced that modelling of data and drill hole planning from the airborne electromagnetic (EM) and magnetic survey completed in May 2021, over a large part of its Hope Copper-Gold licence block (EPL 5796) in Namibia has highlighted four highly prospective drill targets, ready for drill testing planned for November 2021. The SkyTEM helicopter-borne survey was flown at 200m line spacing, over much of the 130km strike length of the prospective Matchless Copper Belt stratigraphy. The survey completed in May 2021, which included approximately 3,000 line km flown. The objective of the survey was to map copper-gold massive sulphide mineralisation from surface to approximately 200m depth or beyond. Mineralisation typically occurs in clusters of often steeply-dipping lenses/shoots, which may be partially covered by surficial sands or represented at surface by small mineral occurrences/workings or soil geochemical anomalies. Much of the area is underexplored, with drill testing being confined to a number of well documented occurrences, such as Hope and Gorob-Vendome, which are exposed at surface. Modelling of the EM data by the Company's consultant geophysicist, identified all of the previously drilled deposits on EPL 5796, along with at least four potential new drill targets. Two new targets were highlighted between and to the southwest of the established Gorob and Vendome deposits. These untested EM anomalies are interpreted to have signals similar to those of the Gorob and Vendome deposits and could represent new copper zones. A third undrilled EM anomaly with similar signatures to established deposits is located along strike to the east of the Hope and Anomaly West deposit cluster, under sand cover. A fourth undrilled EM anomaly identified with similar signatures to established deposits is located in a new area in between the Hope and Anomaly West deposit cluster in the north and the Gorob and Vendome deposit cluster in the south. All four undrilled EM anomalies identified will be drill tested as soon as possible, with plans to start drilling in November being well advanced. EPL5796 is covered by a current Environmental Clearance Certificate and so no further environmental permits are needed. Annuncio • Sep 21
Bezant Resources plc Provides Update on Minemba Prospect, Zambia Bezant provided an update on progress at the Minemba prospect within the Kalengwa exploration project area in Zambia (the "Kalengwa Exploration Project") in which the Company has a 30% interest and acts as operator. The Company received laboratory assay results for the two angled diamond drill holes, MB-01 and MB-02, completed earlier this year at Minemba. The aim of Bezant's drill programme was to test the down-plunge and along-strike extent of historic narrow drill intercepts at Minemba within the gabbro intrusive (potential mineral feeder zone) while also looking to test the boundaries of this unit with the Kalengwa Mine sedimentary package (potential host unit). Both holes drilled into a hydrothermally altered and brecciated gabbro intrusive hosting disseminated and fracture-fill copper mineralization. Although assay values in the Bezant holes were considerably lower than indicated by initial hand-held XRF core measurements, they confirm the occurrence of more widespread disseminated moderate grade copper mineralization than reported in the historic drill holes, with mineralization recorded over at least 350m in a NE-SW direction, as well as more than 100m in a vertical dimension. It was concluded that the Minemba gabbro intrusive is widely brecciated and carries copper mineralisation over a considerable aerial and vertical extent. This suggests that it may have acted as a source or conduit for copper-bearing fluids which could indicate potential for a sediment-hosted deposit in the vicinity, analogous to the Kalengwa mine setting. Based on encouragement from the two Bezant drill holes, it was decided to undertake an IP/Resistivity survey and a separate ground magnetic survey over the Minemba area with the aim of delineating the extent of the gabbro intrusive and its' structural controls (magnetic survey), as well as the distribution and extent of copper mineralisation within the target area (IP/Resistivity survey) using a locally based geophysics contractor which has worked for some of the major mining companies in the country. The survey grid comprised 9 lines, 1.5km long x 200m apart, covering 1,600m of strike, with lines orientated NW-SE across the strike of the intrusive and the Kalengwa Lineament. The timely completion of the planned surveys was impacted by availability of the contractor crew, instrument malfunctions and delayed delivery of final results, however it was eventually completed satisfactorily. The magnetic images clearly show the NE-SW orientated gabbro intrusive as a sharp magnetic 'high' over more than 1,200m of strike (and still open to the SW). The south-eastern boundary of the anomaly is roughly coincident with the interpreted position of the Kalengwa Lineament which is a potential mineral conduit and a possible trap for mineralizing fluids. The IP/Resistivity survey shows a well-defined, semi-continuous chargeability anomaly with a NE-SW trend across much of the grid, remaining open to the SW (minimum 1,200m of strike and 100-200m wide). The chargeability anomaly is approximately coincident with the magnetic anomaly, suggesting that it is reflective of sulphide mineralization associated with the brecciated gabbro. Mineralization has not yet been confirmed in the sediments bounding the intrusive, but this might not be evident, given the current lack of geological control from bedrock exposure and limited drilling. It appears that Bezant holes MB-01, MB-02 and most of the historic holes were sited to the north of the IP chargeability peak, angled away from the zone and so have not have fully tested the most conductive target. Also, the extension of the anomaly to the southwest has not been drill tested. Following extensive review of the Minemba geological setting, drilling results and geophysical surveys, drilling of two further diamond drill holes is being considered to fully test the Minemba target area, with a particular focus on the IP chargeability peaks which have not been tested by previous drilling. The Company also plans a comparative review of the Bezant holes with historical drill core for Minemba held in storage by the Zambian Chamber of Mines (subject to Covid-19 restrictions) to establish vectors for alteration and mineral intensity and further assist with drill site selection. The Minemba target was first identified by Roan Consolidated Mines ('RCM'), the operator of the Kalengwa open pit copper-silver mine in the 1960s, based on a copper geochemical anomaly found by auger drilling 4km to the northeast of Kalengwa, associated with a discrete magnetic anomaly believe to be related to gabbro intrusive rocks. Five diamond drill holes spaced 100-200m apart and angled towards the north were completed at that time. Four of these reported steeply-dipping chalcopyrite-pyrite mineralization over narrow intervals at depths ranging from 80-200m below surface within the gabbro. Drill intercepts included 4.3m @ 1.43% Cu (hole MN 496) and 2.7m @ 2.08% Cu (MN 495). Despite the proximity to the high grade Kalengwa mine, no further diamond drilling was subsequently carried out. Bezant reviewed the extensive dataset from previous exploration over the Kalengwa exploration license and concluded that Minemba was located on a structural mirror image of the Kalengwa deposit setting, aligned directly with the offset continuation of the NE-trending Kalengwa Lineament and therefore the target was prioritized for further drill testing. Annuncio • Jun 25
Bezant Resources plc Provides Update on Kanye Manganese Project, Botswana Bezant Resources Plc provide information detailing results of recently completed reconnaissance mapping, prospecting and sampling work at its' 100% owned high-grade Kanye manganese project in Botswana. Up to four historic manganese occurrences were successfully located and sampled in the field within an 8km-belt; 40 grab samples were obtained which assayed from traces up to high-grade results of 67.18% MnO occurring at the Moshaneng borrow pit and 68.01% MnO at the Mheelo prospect; The latter prospect is located just 6km from the Giyani Metals K-Hill manganese project where a feasibility study is due for completion in third quarter 2021; Bezant plans to follow-up the main targets with clearance/trenching by mechanical excavator to facilitate detailed mapping, prospecting and more systematic sampling; Confirmed targets will be drill tested to define lateral and depth extent of deposits. Annuncio • Jun 03
Bezant Resources Plc Announces Preliminary Evaluation of Airborne EM Survey Data at Hope Cu-Au Project Bezant announced that preliminary evaluation of data from its' recently completed airborne electromagnetic (EM) and magnetic survey over a large part of its Hope Copper-Gold licence block in Namibia has provisionally highlighted several potential strong drill targets. Highlights: The helicopter-borne survey, covering about 3,000 line kms along a 130km strike extent of the Matchless Copper Belt has highlighted up to eight potential drill targets, based on first-pass overview; The survey was designed to look for buried extensions of the Hope and Gorob-Vendome deposit cluster on EPL 5796, as well as testing the extensive underexplored potential through EPLs 7170 and 6605; Three previously undrilled anomalies with similar signatures to established deposits are located along strike to the southwest of the Gorob-Vendome deposit cluster on EPL 5796; To the northeast of Gorob-Vendome a >5km linear anomaly located adjacent to a relatively high magnitude magnetic trend requires further evaluation to establish the anomaly source; On EPL 6605, a strong, late-time >3km long EM anomaly is associated with the historically known Aros 4km long bedrock and soil copper occurrence, which was never drill-tested; To the southeast of Aros, a discreet, circular, strong, late-time EM anomaly also requires further evaluation; and Detailed data processing by the survey contractor is currently under way, with the final data and report expected in approximately six weeks. The planned SkyTEM helicopter-borne programme, covering approximately 3,000 line km, with a flight line spacing of 200m, was successfully completed along much of the 130km strike length of the prospective Matchless Copper Belt stratigraphy within the property. The survey objective was to map copper-gold massive sulphide mineralisation from surface to approximately 200m depth or beyond. Mineralisation typically occurs in clusters of often steeply-dipping lenses, which may be partially covered by surficial sands or represented at surface by small mineral occurrences/workings or soil geochemical anomalies. Much of the area is very underexplored, with drill testing being confined to a number of well documented occurrences, such as Hope and Gorob, which are exposed at surface. Initial evaluation by the Company's geological team of partially processed late-time EM data identified most of the previously drilled deposits on the belt, along with several potential new targets. Around Gorob-Vendome on EPL 5796, three new targets were highlighted to the southwest with signals similar to those of the established Gorob and Vendome deposits, none of which has previously been drill tested - these will most likely be priorities for future drill testing by Bezant. To the north-east of Gorob a further localised anomaly occurs, as well as a series of more linear anomalies adajcent to a magnetic trend, covering a strike length of more than 5km. These will require further evaluation to establish if they might have a sulphide source or could be related to non-sulphide conductors. In the area of the Hope deposit, the EM data appears complex and will require further processing to support interpretation of possible further targets in the vicinity. On EPL 6605, along the north-eastern segment of the target belt, a substantial strike length of narrow, linear anomalies occurs. One of these is a strong, late-time >3km long EM anomaly which is spatially associated with the historically known Aros Prospect. The Aros Prospect comprised of an approximately four kilometres long bedrock/soil copper occurrence that peaks at over 0.4% Cu for approximately two kilometres and was never drill-tested. This clearly represents a priority target of interest. A short distance to the south east of the Aros Prospect, is a further discrete, circular strong late-time EM anomaly, which also requires further evaluation. Annuncio • Feb 24
Bezant Resources plc Announces the Commencement of Diamond Drill Target Testing over the Kalengwa Exploration Project Area in Zambia Bezant Resources Plc announced the commencement of diamond drill target testing over the Kalengwa exploration project area in Zambia. Highlights· Maiden Bezant diamond drill programme of about 800m at Kalengwa to test the first two priority exploration targets based on review of extensive historic exploration datasets. The Kalengwa SW2 target, with strong coincident magnetic and copper geochemical anomalies straddles the major Kalengwa Lineament structure just 2.5km southwest from the former mine. Previous Aircore/RAB drilling within the weathered profile at the SW2 target reported intervals returning 19m @ 1,259ppm Cu and 4m @ 1,962ppm Cu - no recorded historic bedrock drilling. The Minemba target is located on a structural 'mirror image' of the Kalengwa mine setting just 4km distant, with a coincident copper geochemical anomaly · Limited past drilling in the late-1960s at Minemba intersected 4.3m @ 1.43% Cu and 2.7m @ 2.08% Cu - mineralisation is open along strike and apparently widening down-plunge. A drill contract has been signed and a rig is due to be mobilised in the coming days. Detailed evaluation continues over several other strong prospects on the property. Annuncio • Feb 13
Bezant Resources Plc (AIM:BZT) completed the acquisition of Metrock Resources Ltd from Tiger Royalties and investments Plc, Breamline Pty Ltd and M & A Wealth Pty Ltd. Bezant Resources Plc (AIM:BZT) entered into a conditional share purchase agreement to acquire Metrock Resources Ltd from Tiger Royalties and investments Plc, Breamline Pty Ltd and M & A Wealth Pty Ltd for £0.93 million on December 21, 2020. As per the agreement, Bezant Resources Plc will issue 150 million new ordinary shares and will issue 31.8 million unlisted options in the share capital of Bezant. The options will have a strike price of £0.0040 per share. Bezant Resources Plc will also issue a total of 84.5 million shares to acquire Loans of £0.19 million and settle creditors of £0.03 million owed by Metrock which will be issued i) to two of the vendors namely 50.4 million Bezant shares to Breamline Pty Ltd and 5.8 million Bezant shares to M&A Wealth Pty Ltd and ii) 28.3 million Bezant shares to Tiger Royalties and Investments Plc. The Bezant Resources Plc will at completion settle creditors of Metrock of approximately AUD 26,508 (approximately £14,900) in cash. Upon the Milestone Event, Bezant will issue £0.2 million worth of Bezant Shares based on the 10 day VWAP prior to the announcement of the Milestone Event. The transaction is subject to Botswana Ministerial approval. The long stop date for the completion of the conditions precedents is March 15, 2021. Roland Cornish of Beaumont Cornish Limited acted as financial advisor to Bezant Resources Plc.
Bezant Resources Plc (AIM:BZT) completed the acquisition of Metrock Resources Ltd from Tiger Royalties and investments Plc, Breamline Pty Ltd and M & A Wealth Pty Ltd on February 12, 2021. Annuncio • Jan 14
Bezant Resources Plc Announces Drilling Results at Hope Copper-Gold Project Bezant announced results for its recent drilling programme at the Hope Copper-Gold Project in Namibia (the "Project"). Assaying of samples from the two diamond drill holes completed by Bezant at the Gorob-Vendome massive sulphide deposit has indicated continuity of copper-gold mineralisation within the Inferred Mineral Resource envelope. Downhole assay intervals best results include 3.57m @ an average 4.36% Cu, 0.64g/t Au in hole GOD-001 and 3.0m @ an average 2.18% Cu, 0.26% Au in hole GOD-002 within a wider zone of copper-gold mineralisation. Accompanying gold values in the Bezant holes support management's belief that the gold content could be higher than previously reported in the Gorob-Vendome Inferred Mineral Resource estimate and could add considerable value to the project; very limited gold assaying was carried out in the historic drill holes. The new results will be incorporated into the Company's internal valuation studies and into future revised resource estimates. Two diamond drill holes designed to test a NSAMT anomaly at Hope North intersected cavities and did not intersect any base metal mineralisation, confirming management's suspicion that the source is most likely to be saline water. Bezant is now planning for exploration along the 130km strike extent of the Hope/Matchless Copper Belt, including airborne geophysical surveying to see through the overburden cover which has hidden much of the Belt from previous explorers. Four diamond drill holes totalling 645 metres were completed during November 2020, two each at the Gorob-Vendome and Hope North targets. The Gorob-Vendome holes were planned to increase confidence in the geology and mineral intercepts reported in the historic drilling and specifically to provide information on the gold grades associated with the copper-bearing massive sulphides. Little gold assaying was carried out on drill core from the earlier holes used in the current Inferred Mineral Resource at Gorob-Vendome, therefore it was interpreted that it might not reflect potentially important gold credits. At the Gorob-Vendome massive sulphide deposit, the two vertical Bezant holes, GOD-001 and 002, were sited about 300m apart close to the location of historic holes GD45 and GD43 respectively. While the historic holes were also collared vertically they deviated significantly, whereas the Bezant holes remained considerably straighter and therefore intersected the deposit deeper than the historic holes. Mineralised core intervals were cut by diamond saw, sampled and dispatched to ALS Global laboratories in South Africa for ICP multi-element analysis using a four acid digest and gold determination by fire assay. The mineralised intercepts returned assay values up to an average 4.36% Cu over 3.57m and are consistent with the high grades reported previously while gold values, ranging up to 0.64g/t Au over the same interval, are significantly higher than the grade of 0.04g/t Au reported in the Inferred Mineral Resource estimate. This supports the Company's belief that gold grades at Gorob-Vendome are understated in the current resource estimate and can add considerable value to the project. Data from these holes will be incorporated into internal valuation studies and into a future resource update. Review by the Company of previous Natural Source Audio Magneto-Telluric (NSAMT) geophysics data at the Hope deposit indicated the presence of an untested, sub-parallel conductor a short distance to the north which might suggest a hidden second or multiple shoot system over 3km of strike. Two diamond drill holes were aimed at testing this anomaly. Neither hole intersected base metal mineralisation. While the complex anomaly has only been partially tested, it was concluded that the anomaly is most likely related to the presence of conductive saline water channels in bedrock and no further drilling is currently planned on this target. Annuncio • Dec 23
Bezant Resources Plc (AIM:BZT) entered into a conditional share purchase agreement to acquire Metrock Resources Ltd from Tiger Royalties and investments Plc, Breamline Pty Ltd and M & A Wealth Pty Ltd for £13 million. Bezant Resources Plc (AIM:BZT) entered into a conditional share purchase agreement to acquire Metrock Resources Ltd from Tiger Royalties and investments Plc, Breamline Pty Ltd and M & A Wealth Pty Ltd for £13 million on December 21, 2020. As per the agreement, Bezant Resources Plc will issue 150 million new ordinary shares and will issue 31.8 million unlisted options in the share capital of Bezant. The options will have a strike price of £0.40 per share. Bezant Resources Plc will also issue a total of 84.5 million shares to acquire Loans of £0.19 million and settle creditors of £0.03 million owed by Metrock which will be issued i) to two of the vendors namely 50.4 million Bezant shares to Breamline Pty Ltd and 5.8 million Bezant shares to M&A Wealth Pty Ltd and ii) 28.3 million Bezant shares to Tiger Royalties and Investments Plc. The Bezant Resources Plc will at completion settle creditors of Metrock of approximately AUD 26,508 (approximately £14,900) in cash. Upon the Milestone Event, Bezant will issue £0.2 million worth of Bezant Shares based on the 10 day VWAP prior to the announcement of the Milestone Event. The transaction is subject to Botswana Ministerial approval. The long stop date for the completion of the conditions precedents is March 15, 2021. Roland Cornish of Beaumont Cornish Limited acted as financial advisor to Bezant Resources Plc. Annuncio • Nov 07
Bezant Resources plc Provides Update on Acquisition of 30% JV Interest in Zambia with KPZ International Ltd Bezant announced further to its announcement on 27 April 2020, that it has agreed with KPZ International Ltd. to revise the payment terms of the US$250,000 due to the existing shareholders of KPZ International Ltd. Revised settlement arrangements: Under the terms of the joint-venture agreement dated 24 April 2020 the company was meant to make two payments of USD 125,000 each on or before 1 August 2020 and 1 December 2020. The parties have agreed that instead of making these two cash payments the Company will instead issue new ordinary shares in the Company at an issue price of 0.25 pence per share being the 3 day VWAP based on the closing share price on 5 November 2020 the date before the agreement, this will result in the Company issuing 76,923,077 new shares to the shareholders of KPZ International Ltd. The new shares being issued will rank pari passu with the Company's existing shares. Annuncio • Oct 27
Bezant Resources Plc Announces Board Appointments The directors of Bezant Resources Plc announced the appointment to the board of Raju Samtani as a Finance Director and Edward (Ed) Slowey as a Technical Director of the company, with immediate effect. Raju Samtani, Associate Chartered Management Accountant, serves currently as Finance Director of the Tiger Royalties and Investments Plc. His previous experience includes his position as a Finance Director of Kiwara Plc and prior to that he spent three years as Group Financial Controller at WTS Group Limited, where he was appointed by the Virgin Group to oversee their investment in the WTS Group Ltd. Ed Slowey has more than 40 years' experience in mineral exploration, mining and project management including working as a mine geologist at Europe's largest zinc mine in Navan, Ireland and was exploration manager for Rio Tinto in Ireland for more than a decade, which led to the discovery of the Cavanacaw gold deposit. Ed has also served as director of several private and public companies, including the role of CEO and Technical Director at Orogen Gold Plc which discovered the Mutsk gold deposit in Armenia. Annuncio • Oct 06
Bezant Resources Plc Provides Update on MMIH (Singapore) Transaction and Mankayan Copper-Gold Project, Philippines Bezant announced an update on its transaction with Mining and Minerals Industries Holding Pte. Ltd. ("MMIH"), a private company incorporated in Singapore, with respect to the disposal of 80% of the company's interest in the Mankayan copper-gold project in the Philippines (the "Mankayan Project"), a non-binding term sheet, subject inter alia to due diligence, has been signed by AsiaPhos Ltd. ("AsiaPhos") a company listed on the Singapore Exchange Securities Trading Limited Catalist Board, to acquire MMJV Pte. Ltd. ("MMJV"), a 100% subsidiary of MMIH, by way of a reverse takeover transaction by the issue of AsiaPhos shares for the lower of i) Singapore $72 million (approx. GBP 42 million) or ii) 50% of an independently Agreed Valuation. If the Proposed AsiaPhos Acquisition is completed then, under the terms of the Transaction between Bezant and MMIH, Bezant is due to be issued SGD 10 million (approximately £5.6 million) of shares in the listed entity holding MMJV. Annuncio • Oct 04
Bezant Announces Commencement of Exploration Work, Including Drill Target Testing, over the Hope Copper-Gold Project in Namibia Bezant Resources Plc announced the commencement of exploration work, including drill target testing, over the Hope Copper-Gold Project in Namibia. This first phase of work by Bezant will focus on exploration licence EPL5796 hosting the Hope and Gorob-Vendome massive sulphide deposits, part of a combined Indicated and Inferred Mineral Resource within three closely spaced deposits of 10.2Mt @ 1.9% Cu and 0.3g/t Au at a 0.7% Cu cut-off, reported in accordance with the JORC Code (2012). The aim is to drill test a geophysical anomaly immediately north of the Hope deposit and to drill confirmatory holes at Gorob-Vendome, primarily to establish the gold tenor at that deposit and thereby add significant value to the Project resource. Previous drill core at this prospect was not checked for gold. Review by the Company of previous Natural Source Audio Magneto-Telluric (NSAMT) geophysics data at the Hope deposit indicates the presence of an untested, sub-parallel conductor a short distance to the north. This may suggest the presence of a hidden second or multiple shoot system over 3km of strike. 2-3 diamond drill holes are planned to test this target, with further drilling to follow if mineralisation is confirmed. The Hope Deposit portion of the Mineral Resource Estimate has the highest gold grade (0.84g/t Au) but also has the majority of historic drill holes that have been assayed for gold (from the most recent drill programme in 2009). In contrast, most of the drill holes at the Gorob-Vendome Deposit are from older programmes (late 70's and early 80's) and were not assayed for gold. The lack of gold grade information from the copper mineralised intersections within the drill holes at the Gorob-Vendome Deposit is interpreted to have resulted in the gold grade of that portion of the Mineral Resource Estimate being much lower (0.04g/t Au). Bezant proposes to twin two of the historic holes, primarily to obtain detailed gold grade and distribution information to enhance the value of the currently estimated mineral resource. In addition, previous geophysical surveying and structural interpretation at Gorob highlights possible along-strike and down-plunge continuation of the deposit to the northeast. It is planned to carry out a further ground EM survey here to better define the target prior to possible drill testing. The Hope Copper-Gold Project comprises three exploration licences, EPL5796, EPL6605 and EPL7170 (under application) covering over 1,200 km2 of the highly prospective Matchless Copper Belt within the stable, safe and mining friendly jurisdiction of Namibia. This Belt hosts multiple high-grade copper-gold Besshi Type massive sulphide deposits, such as the historically mined Otjihase Copper deposit (>16Mt @ 2.2% Cu & 1.2g/t Au) to the northeast of the Hope property. The Bezant project area contains a series of copper deposits, of which three make up the combined mineral resource reported above, namely Hope, Gorob-Vendome and Anomaly. The Hope deposit itself has an Indicated Mineral Resource of 3.09Mt @ 2.53% Cu and 0.84g/t Au at a 0.7% Cu cut-off reported in accordance with the JORC Code (2012). Historic drill intersections include 23.31m @ 1.59% Cu & 0.23g/t Au from 464.09m, including 9.68m @ 3.18% Cu & 0.42g/t Au from 477.17m (hole HDD82) and 10.12m @ 5.72% Cu & 0.56g/t Au from 525.57m (hole HDD91). Gold is an important accompanying mineral to the copper deposits of the Matchless Belt. This was not always recognised previously, leaving scope for adding value to many of the prospects along the Belt, including Gorob-Vendome. Metal recovery during previous ore processing tests was excellent. Metallurgical test work at the Hope project indicated recoveries of 96% copper and 84% gold to a 28% Cu grade concentrate via conventional flotation. Apart from extensions to the known deposits, further strong exploration potential is recognised along the substantial strike continuation within the Bezant property, as much of the prospective ground has never been tested by EM geophysical surveying which is the most effective method of identifying buried massive sulphides. Annuncio • Aug 31
Bezant Resources Plc has completed a Follow-on Equity Offering in the amount of £0.625 million. Bezant Resources Plc has completed a Follow-on Equity Offering in the amount of £0.625 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 781,250,000
Price\Range: £0.0008
Transaction Features: Subsequent Direct Listing Annuncio • Aug 18
Bezant Resources Plc (AIM:BZT) completed the acquisition of Virgo Resources Limited for £0.69 million. Bezant Resources Plc (AIM:BZT) entered into an exclusive and legally binding heads of agreement to acquire Virgo Resources Limited for £0.72 million on June 18, 2020. The consideration due is to be settled by Bezant on completion of the acquisition by the issuance of £0.09 million in cash and the issue of 534.6 million new ordinary shares in total. The shares are composed of 422.1 million ordinary shares and 112.5 million shares (for illustration purpose as the company intends to pay £0.14 million) as assets sellers consideration. Bezant will also issue 98.4 million unlisted options, which vest on August 1, 2021 and expire on August 31, 2023 with an exercise of £0.3. The transaction is subject to a 30 day due diligence during which Bezant is able to complete its due diligence and has the right to withdraw from the acquisition at its discretion. The transaction is also subject to Bezant received all the consents and approvals it required to complete the acquisition save for the procedural consent required from AIM for admission to trading of the Bezant shares to be issued at completion and also execution at completion of the Agreed Form Completion Documentation by Virgo's shareholders which will affect the transfer of their Virgo shares, Virgo unlisted options and Virgo deferred consideration performance shares to the Bezant group. As of July 20, 2020, Bezant has completed its due diligence process. Roland Cornish of Beaumont Cornish Limited acted as a financial advisor for Bezant Resources Plc.
Bezant Resources Plc (AIM:BZT) completed the acquisition of Virgo Resources Limited for £0.69 million on August 17, 2020. As per terms, cash of £0.09 million, 422.1 million ordinary shares and 79.3 million shares as asset sellers consideration are already paid and 34 million shares will be paid on February 15, 2021. Annuncio • Jul 30
Bezant Resources Plc (AIM:BZT) completed the acquisition of 30% stake in Kalengwa Exploration Project, Zambia. Bezant Resources Plc (AIM:BZT) agreed to acquire 30% stake in Kalengwa Exploration Project, Zambia for $0.25 million on April 24, 2020. The consideration comprises payment by Bezant of $0.125 million on or before August 1, 2020, payment by Bezant of a further $0.125 million on or before December 1, 2020 and Bezant agreeing to spend before the second anniversary of the agreement an aggregate sum of $0.5 million on initial reconnaissance drilling the general exploration area covered by the license numbered 24401-HQ-LEL. KPZ International Limited, holding company of the project, shall have five directors and Bezant has the right to appoint (and replace any such appointee) up to three directors on the board of KPZ International Limited. Bezant will provide the personnel required to operate the project. The initial payment and the second payment shall be utilized to repay the existing shareholder loans and distribute the balance to the existing shareholders of KPZ International Limited.
Bezant Resources Plc (AIM:BZT) completed the acquisition of 30% stake in Kalengwa Exploration Project, Zambia in April 2020. Annuncio • Jun 20
Bezant Resources Plc (AIM : BZT) agreed to acquire 100% stake in Virgo Resources Limited for £0.72 million. Bezant Resources Plc (AIM : BZT) agreed to acquire 100% stake in Virgo Resources Limited for £0.72 million on June 18, 2020. Bezant Resources Plc entered into an exclusive and legally binding Heads of Agreement to acquire Virgo Resources Ltd. Virgo through its 100% owned Australian subsidiary Hepburn Resources Pty Ltd. owns i) 70% of Hope and Gorab Mining Pty Ltd. incorporated in Namibia which owns EPL5796, ii) 80% of Hope Namibia Mineral Exploration Pty Ltd Incorporated in Namibia which owns EPL6605 and iii) has the option to acquire a 80% interest in EPL7170 (under application). The agreement is subject to a 30 day due diligence during which Bezant is able to complete its due diligence and has the right to withdraw from the acquisition at its discretion. The Consideration due to be settled by Bezant on completion of the acquisition is to be settled by:- i) £0.09 million to be paid in cash; ii) the issue of 534.6 million new Ordinary Shares in total. Bezant will also issue 98,361,250 unlisted Options which vest on 1 August 2021 and expire on 31 August 2023 with an exercise of £0.30. Beaumont Cornish Limited is appointed as the Nominated Advisor. 
