Hope & Gorob Copper-Gold Project Permitting Update

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  Colin Bird Executive Chairman	[phone]
Beaumont Cornish (Nominated Adviser)  Roland Cornish / Asia Szusciak	[phone]
Novum Securities Limited (Joint Broker) Jon Belliss	[phone]
Shard Capital Partners LLP (Joint Broker) Damon Heath	[phone]

or visit 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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