REG - Bezant Resources PLC - Hope & Gorob Copper-Gold Project Permitting Update

Bezant ResourcesAnnouncement

28/08/2024 07:00

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RNS Number : 8822B  Bezant Resources PLC  28 August 2024

28 August 2024

 

Bezant Resources PLC

("Bezant" or the "Company")

 

 

Permitting Update for Licence 7170, Hope & Gorob Copper - Gold Project,
Namibia

 

Bezant Resources Plc ("Bezant" or the "Company") is pleased to confirm the
issue of an Environmental Clearance Certificate ("ECC") for Licence EPL7170
valid until 12 August 2027. The licence was previously renewed for a further
period of two years from the previous expiry to 22(nd) 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.

 

 

Commenting on progress, Colin Bird Chairman said:

 

 "We are pleased to be awarded renewal of this exploration licence situated
just NE of the main Hope and Gorob licence, with comparable geology within the
Matchless Copperbelt. We have previously undertaken airborne geophysics over
the licence and identified potentially significant anomalies for follow-up.

 

The licence forms part of an almost contiguous belt of prospective ground with
Hope and Gorob and could host either extensions to that mineralisation or a
separate resource to support a larger mining operation in the future".

 

 

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)

 

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).

 

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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