Bezant Resources completes first blast at Namibian project
Bezant Resources has completed its first blast at Namibia’s Hope project, advancing preparations for copper-gold production and processing.
Company
LON:BZT
Bezant Resources PLC is focused on developing its pipeline of copper-gold projects to provide a new generation of economically and socially sustainable mines and also has a manganese project in Botswana
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Bezant Resources has completed its first blast at Namibia’s Hope project, advancing preparations for copper-gold production and processing.
The grades compared favourably with neighbouring more advanced manganese projects, Bezant said
Part of the agreement will see Bezant swap its 27.5% holding in IDM Mankayan for an equal stake in IDM International
The companies said it was not possible for the parties to agree on a mutual way forward in relation to the joint venture
Bezant has a diverse portfolio of assets in multiple jurisdictions
A contract has been signed with a local drilling company, with mobilisation expected later this month
The miner also reported better-than-expected results from further drilling on the Hope and Vendome prospects
Executive chairman Colin Bird highlighted the Hope and Gorob project in Namibia as “significantly more value than previously considered”
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Bezant has an attractive portfolio of assets in Namibia and elsewhere
“The Mala dumps clearly demonstrate the potential for substantial economically recoverable material at historical operations,” said chief executive Martyn Churchouse
Previous exploration on Kanye highlighted numerous manganese prospects, including the Moshaneng Borrow Pit and the Loltware prospect
Chairman Colin Bird said the news was a catalyst for the development of the Philippines property
The company also located a 140m deep vertical shaft, which was excavated in the 1970s, at the Hope prospect which could significantly reduce future spending on underground development