Bezant hosts technical visit at Hope and Gorob to create consensus on project optimisation
A coordinated programme of action has been implemented, aimed at the near-term submission of a mining licence application
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
253 stories · page 2 of 13
A coordinated programme of action has been implemented, aimed at the near-term submission of a mining licence application
The company is now looking ahead to a drill programme at the project.
“The delineation of a potentially substantial copper sulphide orebody located immediately beneath the gold oxide zone has been an unexpected bonus,” said Caerus chief executive Martyn Churchouse
The aim of the programme is to discover new copper-gold zones adjacent to the established deposits
Bezant said the convertible loan note provides added financial flexibility for the group in a period in which “the funding market for junior exploration companies can be subject to market volatility”
Under an executive order, the mineral production sharing agreement it is not allowed to expire until the renewal application has been decided
Bezant's financial contribution backdated from the start of diamond drilling at Troulli in September 2021
Some the week's stories from the mining sector in snapshot
Shares were issued at a price of 0.13p with the proceeds to be used In Namibia, Cyprus and Botswana
Bezant's portfolio is increasingly focused on battery metals
“ A cluster of targets have been identified near our Hope and Gorob Vendome deposit, that bodes well for increasing the size of the deposit”
"The geophysics programme, after interpretation, shows that the Minemba prospect has considerable potential and we will continue to test that potential," said executive chairman Colin Bird
“The Mankayan project is well placed to benefit from recent projections for the electrical vehicle and copper markets at a time when the Philippine government have announced that they wish to revitalise mining," said boss Colin Bird
During the site visit in early September all other matters relevant to development will be considered to allow early conceptual project design
Bezant has been given 18 months to assess the portfolio and identify a potential development project
Previous exploration on the Kanye property highlighted numerous manganese prospects which have not been systematically explored
"This is a very pleasing result that shows the benefit of investing in airborne geophysics in this terrain"
"We are particularly encouraged by the geological sequence which is the same as in the nearby rich copper pit at Kalengwa," said executive chairman Colin Bird
The firm said the airborne electromagnetic and magnetic survey will begin before the end of the week along the prospective Hope-Matchless massive sulphide belt
“The mineralisation host type is somewhat similar to the Kalengwa main mine and as such gives us encouragement as to potential"