Update re Choco Project, Colombia

RNS Number : 4938M

Bezant Resources PLC

31 July 2017

 

31 July 2017

Bezant Resources Plc

("Bezant" or the "Company")

Update re Choco Project, Colombia

Bezant (AIM: BZT), the AIM quoted gold and platinum development company, is pleased to announce that its wholly owned Colombian subsidiary, Ulloa Recursos Naturales S.A.S. ("Ulloa"), has received its Registro Unico de Comercializadores de Minerales ("RUCOM") from the Colombian National Mining Agency (ANM - Agencia Nacional de Mineria) in preparation for first commercial production anticipated in mid-August 2017.

The RUCOM enables Ulloa to sell platinum and gold produced from its FKJ-083 licence area located in the Choco region of Western Colombia (the "Choco Project"). The RUCOM was awarded to Ulloa further to its  full compliance with the requirements stipulated in Article 112 of Act 1415 of 2012 and Decree no. 1073 enacted on 25 May 2017. Together with its RUCOM, Ulloa also holds a Certificate of Origin enabling it to sell platinum and gold to regulated metals trading houses both in Colombia and internationally.

The Company is currently continuing the development of its commercial open pit operation at its Choco Project and has now fully commissioned its first processing plant in preparation for commercial production of the upper layers of platinum and gold bearing gravel to commence in mid-August 2017.

Bernard Olivier, CEO of Bezant, commented:

"The receipt of our RUCOM represents another important step towards the commencement of commercial production in mid-August and the sale of our product over the following weeks. I look forward to updating shareholders further in due course as we progress to commercial platinum and gold mining."

For further information, please contact:

Bezant Resources Plc Bernard Olivier Chief Executive Officer Laurence Read Executive Director / Communications Officer        Strand Hanson Limited (Nomad)  James Harris / Matthew Chandler / James Dance Peterhouse Corporate Finance Limited (Broker)  Lucy Williams / Duncan Vasey / Heena Karani Beaufort Securities Limited (Broker)  Elliot Hance or visit http://www.bezantresources.com

Tel: [phone] Tel: [phone] Tel: [phone] Tel: [phone] Tel: +44 ((0)20 7382 8300

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014.

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