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

Bezant ResourcesAnnouncement

26/09/2024 07:00

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RNS Number : 6969F  Bezant Resources PLC  26 September 2024

26 September 2024

 

Bezant Resources PLC

("Bezant" or the "Company")

 

 

Permitting Update for Licence 6605, Hope & Gorob Copper - Gold Project,
Namibia

 

Following on from the recent renewal of EPL 7170 of its' Matchless Belt
licence block (refer to RNS dated 28 August 2024) Bezant Resources Plc
("Bezant" or the "Company") is pleased to report on the renewal of a further
exploration licence within the 3-licence block. Licence EPL 6605 has been
extended for a 2-year period to 28(th) August 2026 covering the full original
licence area of 419.1 square kilometres. In addition, an Environmental
Clearance Certificate covering all proposed exploration activities is in place
until 27(th) September 2025 and can be extended beyond that date.

 

Licence EPL 6605 offers approximately 60km 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 Licence
contains the Niedersachsen Cluster which includes three previously discovered
copper prospects (Niedersachsen, Aros and Kobos) which have not yet been fully
evaluated.

 

The Company will provide information on future exploration results on EPL 6605
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 a further exploration licence
contiguous with EPL 7170 which was renewed last month. EPL 6605 covers a
further 60km of highly prospective Matchless Copperbelt stratigraphy. We will
be commencing field work during the coming licence period including drilling
of identified targets to be funded by projected income from the development of
the Hope and Gorob mining operation."

 

 

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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