REG - Bezant Resources PLC - Blackstone Investment - Mankayan Project Update

Bezant ResourcesAnnouncement

10/10/2025 09:15

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RNS Number : 9110C  Bezant Resources PLC  10 October 2025

 

10 October 2025

Bezant Resources Plc

("Bezant")

Mankayan Project Update

Blackstone Minerals Investment

Bezant (AIM: BZT), the copper-gold exploration and development company, notes
that ASX listed Blackstone Minerals Ltd ("Blackstone") has on 10 October 2025
announced, inter alia, that it has achieved several significant milestones as
Blackstone advances its exploration and development strategy at the world
class Mankayan Copper- Gold porphyry project in northern Luzon, Philippines.

 

As per the Company's announcement on 2 October 2025 Bezant's shareholding of
Blackstone shares is now 80,574,880 Blackstone shares.

 

 

 

Start of key highlights announced by Blackstone (the "Company")

 

·     Two year work programme approved: Blackstone has secured regulatory
support from the Philippine government. The Mines and Geosciences Bureau (MGB)
has approved a two-year extension of the Mankayan Project's work program,
under the existing Mineral Production Sharing Agreement  (MPSA). This
extension allows Blackstone to continue critical exploration and study
activities to maximise the potential of this globally significant asset.

 

·     Drill rug drill rig mobilised to site: The Company's drill rig has
arrived on site and is currently being commissioned.

 

·     Land and community access secured:  Land access for the initial
drill holes has been secured and pad and access road construction has
commenced with community engagement underway.  In parallel to the land access
agreement a Community Access agreement with Maggangan village in the Barangay
of Guinaoang has been signed. The Company has committed to numerous community
projects that will be delivered over a 2 year period.

 

·     NCIP certificate of precondition granted: The National Commission
on Indigenous Peoples (NCIP) has issued its Certificate of Precondition
attesting that Free, Prior and Informed Consent (FPIC) has been obtained from
the Mankayan Indigenous Peoples. This certificate formally ratifies the
memorandum of agreement (MoA) signed in December 2024, completing Blackstone
social licence to operate. It is a historic first - Blackstone (in conjunction
with Crescent Mining & Development Corp (CMDC) is the first mining company
to obtain indigenous consent in the Mankayan region, underscoring the
significance of the achievement for both the company and the local community.

 

·     Registered office to be established in Mankatyan:  The Company has
initiated the process of relocating CMDC's registered office to Mankayan, in
line with its commitment under the MoA.  This move underscores the Company's
dedication to ensuring that the Mankayan community directly benefits from
their natural resources.  The initiative has been possibly received by the
Mankayan Municipal Government.

 

End of key highlights announced by Blackstone

 

 

 

Below is a link to the Blackstone announcement;

 

10 October 2025 titled "Mankayan Copper Gol Project - Work Program Approved"
is at

https://announcements.asx.com.au/asxpdf/20251010/pdf/06qc6b2xqjgnz2.pdf
(https://announcements.asx.com.au/asxpdf/20251010/pdf/06qc6b2xqjgnz2.pdf)

 

 

For further information, please contact:

 Bezant Resources Plc

+44 (0) 20 3416 3695
 Colin Bird Executive Chairman
 Beaumont Cornish (Nominated Adviser)       +44 (0) 20 7628 3396

Roland Cornish / Asia Szusciak
 Novum Securities Limited (Joint Broker)

 Jon Belliss                                +44 (0) 20 7399 9400
 Shard Capital Partners LLP (Joint Broker)

 Damon Heath                                +44 (0) 20 7186 9952

Beaumont Cornish (Nominated Adviser)

Roland Cornish / Asia Szusciak

+44 (0) 20 7628 3396

Novum Securities Limited (Joint Broker)

Jon Belliss

 

+44 (0) 20 7399 9400

Shard Capital Partners LLP (Joint Broker)

Damon Heath

 

+44 (0) 20 7186 9952

 

or visit http://www.bezantresources.com (http://www.bezantresources.com)

 

Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated
Adviser and is authorised and regulated by the FCA. Beaumont Cornish's
responsibilities as the Company's Nominated Adviser, including a
responsibility to advise and guide the Company on its responsibilities under
the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed
solely to the London Stock Exchange. Beaumont Cornish is not acting for and
will not be responsible to any other persons for providing protections
afforded to customers of Beaumont Cornish nor for advising them in relation to
the proposed arrangements described in this announcement or any matter
referred to in it.

 

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