REG - Bezant Resources PLC - Hope & Gorob Approval of ECC

Bezant ResourcesAnnouncement

02/04/2025 10:30

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RNS Number : 3489D  Bezant Resources PLC  02 April 2025

 

2 April 2025

 

 

Bezant Resources PLC

("Bezant" or the "Company")

 

Hope & Gorob Approval of an Environmental Clearance Certificate

 

Bezant Resources ("Bezant" or the "Company") is pleased to inform shareholders
that it has come to its attention that the Ministry of Environment and Tourism
of Namibia has reported on the Ministry's official website the approval of an
Environmental Clearance Certificate ("ECC") No: 240130002744 under Section 32
of the Environmental Management Act, 2007 for the Hope & Gorob Project,
Namibia. The Company anticipates that it will in due course be notified via
formal written confirmation at which time the Company is advised that granting
can be treated as official.

 

The ECC is the critical step that activates the official issuing of the mining
licence previously approved by the Ministry of Mines and Energy. Customary
project management and ownership conditions will now be followed as the
Company progresses towards completion of financing and commencement of mine
construction.

 

Colin Bird, Executive Chairman of Bezant, commented "The approval of the ECC
is an important milestone in the development of the Hope & Gorob Project.
We look forward to providing further updates as we move towards project
development."

 

 

 

Licensing

 

On 16(th) October 2024 Bezant announced that it had received from the Mining
Commissioner of the Ministry of Mines and Energy a Notification of
Preparedness to Grant a Mining Licence (No. 246) (the "Mining Licence") for
the Hope & Gorob copper - gold mining project.

 

On 15(th) November 2024, the Company confirmed that it had submitted a written
acceptance of the Terms and Conditions attached to the Mining Licence offered
on 16(th) October 2024 which was done under section 48(4) of the Minerals
(Prospecting and Mining) Act of 1992. On 25(th) October 2024 the Ministry of
Mines and Energy acknowledged acceptance by the Company of the offer of a
conditional 15-year Mining Licence and agreement by the Company subject to the
customary Project Management and Ownership conditions. These include a
requirement for an Environmental Clearance Certificate (ECC) from the Ministry
of Environment, Forestry and Tourism before the physical Mining Licence is
issued.

 

The Ministry of Environment and Tourism has approved the Hope & Gorob
copper - gold mining project an Environmental Clearance Certificate (ECC)
under Section 32 of the Environmental Management Act, 2007. This follows
Government approval of the Social and Environmental Impact Assessment (SEIA)
and the Environmental Management Plan for the project, the latter being the
guidebook to operating methods and standards that will ensure environmental
protection for the duration.

 

For further information, please contact:

 

 Bezant Resources Plc

Colin Bird

                                          +27 726 118 724
 Executive Chairman

 Beaumont Cornish (Nominated Adviser)       +44 (0) 20 7628 3396

Roland Cornish/Asia Szusciak

 Shard Capital Partners LLP (Joint Broker)  +44 (0) 20 7186 9952

 Damon Heath

 Novum Securities Limited (Joint Broker)    +44 (0) 20 7399 9400

 Jon Belliss

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

 

 

Disclaimer

Beaumont Cornish Limited ("Beaumont Cornish"), which is authorised and
regulated in the United Kingdom by the FCA, is acting as Nominated Adviser
("Nomad") to the Company in connection with the matters contained in this
announcement, and will not be acting for any other person or otherwise be
responsible to any person for providing the protections afforded to clients of
Beaumont Cornish or for advising any other person in respect of the matters
set out in this announcement or any transaction, matter or arrangement
referred to in this announcement. Beaumont Cornish's responsibilities as the
Company's Nomad are owed solely to London Stock Exchange and are not owed to
the Company or to any Director or to any other person in respect of his or her
decision to acquire any shares in the Company. Furthermore, Beaumont Cornish
has not approved or authorised the release of this announcement in whole or in
part, directly or indirectly into The United States, Canada, Australia, Japan
or The Republic of South Africa or any other jurisdiction in which such
release, publication or distribution would be unlawful.

 

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