REG - Bezant Resources PLC - Hope & Gorob Copper-Gold - Mine Development Update

Bezant ResourcesAnnouncement

30/03/2026 09:45

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RNS Number : 6220Y  Bezant Resources PLC  30 March 2026

 

30 March 2026

Bezant Resources Plc

("Bezant" or the "Company")

Hope & Gorob Copper - Gold - Mine Development Update

 

Bezant Resources Plc ("Bezant") the copper-gold exploration and resource
development company is pleased to provide shareholders with an update on the
significant mine development progress at the Hope & Gorob Copper - Gold
project in Namibia (the "Project") since completing the acquisition of the
NLZM Processing Plant in December 2025.

 

 

Summary of progress

 

·    The Project remains on schedule for the anticipated delivery of first
copper - gold - concentrates during the second half of 2026.

 

·    Major contracts awarded including:

 

o Unitrans Namibia Pty Ltd in relation to contract mining at the Hope and
Gorob project and  logistics in relation to the hauling of pre-concentrate
ore to the NLZM Plant for processing;

o UMS Projects SA (Pty) Ltd ("UMS") Engineering and Procurement Contract in
relation to the upgrading and refurbishment of the NLZM Plant; and

o Weir Minerals Pump & Mining Solutions Namibia (Pty) Limited equipment
supply agreement for the supply of a 150 tonnes per hour crushing and
screening equipment at the Hope & Gorob mine site.

 

·    Engineering design is 100% complete, 65% of work programmes have been
put out to tender of which 45% have already been awarded

 

·    Long lead time items have been procured and are being fabricated with
the Cone crusher for the NLZM Processing Plant upgrade expected to be
delivered to site in early April

 

·    At the Hope & Gorob mine site construction engineering crews are
on the ground and civils and earthworks have commenced in preparation for the
installation of the core shed and workshop offices which have been fabricated
off site

 

·    At the NLZM Processing Plant site;

 

o UMS, the contractor managing the NLZM Processing Plant refurbishment has
commenced the removal of redundant or broken equipment ready for new
installations and a change of flow sheet

o The NLZM tailings dam audit and rehabilitation scope of works have been
completed and tenders issued for the required upgrade

 

·    Human Resources: Key personnel have been appointed for both the Hope
& Gorob mine site and NLZM Plant site

 

·    Financing: Further to the announcement of 31 October 2025 the
financier has completed their technical and financial due diligence in
relation to providing a US$7M financing facility for the Hope & Gorob
project and we are now in the advanced stages in relation to the financing
documentation, which we anticipate completing over the coming weeks.

 

Colin Bird, Executive Chairman of Bezant, commented

"The progress to date as outlined above demonstrates  it has been a very busy
period for the Company advancing the Project according to plan, with
engineering design completed and long lead equipment procured so as to not
delay Project progress.  Project financiers understandably wish to conduct
detailed due diligence on the veracity of a project's technical and financial
assumptions prior to committing funds.  With the financier due diligence now
completed we anticipate completing financing documentation over the coming
weeks.

 

We are very pleased with the significant progress made on the Hope & Gorob
project and look forward to continuing to deliver progress at the Project and
will keep shareholders advised accordingly."

 

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulations
(EU) No. 596/2014 as it forms part of UK Domestic Law pursuant to the Market
Abuse (Amendment) (EU Exit) regulations (SI 2019/310).

 

For further information:

 Bezant Resources Plc

 Colin Bird Executive Chairman                   +44 (0) 20 3416 3695

 Beaumont Cornish Limited (Nominated Adviser)

Roland Cornish / Asia Szusciak

                                               +44 (0) 20 7628 3396

 AlbR Capital Limited (Joint Broker)

 Jon Belliss                                     +44 (0) 20 7399 9425

 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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