Bezant’s new Namibian copper project is shaping up well under due diligence, and offers lots of potential for near-term value creation
Executive chairman Colin Bird has a successful track record of exploration in Southern Africa
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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Executive chairman Colin Bird has a successful track record of exploration in Southern Africa
"This is an exciting potential project for the company and the more we dig into the archives, it becomes evident that resources quoted were the subject of extensive drilling programmes which gives us added confidence," said chief executive
It's been another busy week for junior mining companies in London
The move is an excellent opportunity to acquire a position in a significant JORC resource with good grades and a gold contribution, according to chairman Colin Bird
Mankayan contains huge resources of copper and gold
Bezant has a diverse portfolio of mineral exploration assets
The explorer will now have until 30 April to complete an assessment of the project.
Bezant's team boasts extensive exploration experience and a track record of success in Zambia
Shares jumped on the news, as Bezant said it would use funds to progress the high-grade copper prospect, Buffalo
The AIM-listed copper and gold explorer sold the stake to Singapore-based Mining and Minerals Industries Holding Ltd for an initial funding package of US$2.25mln
The AIM-listed firm said all conditions had been satisfied and that a further announcement will be released in due course to confirm completion
Mankayan contains a sizeable resource in an established mining jurisdiction
The option over Buffalo requires the deployment of US$200,000 into the ground by 1 February 2020.
The Mankayan copper project could arouse the interest of a major mining company
"This latest round of rock chip sample results demonstrates the presence of principally one per cent or more copper located at surface."
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Bezant is moving forward with the sizeable Mankayan projec
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