Hope & Gorob Copper-Gold Project Permitting Update

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  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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