Bezant Resources PLC (LON:BZNT) says its focus remains to find a partner for both its Mankayan copper project in the Philippines and at Eureka in Argentina while carrying out due diligence in Zambia.
Laurence Read, chief executive, said: “We delivered a new independent mining/economic study for the Mankayan Project assessing various development scenarios to assist us in securing a potential funding partnership/JV agreement to move the project forward.
"In Argentina, we have secured the updated EIA's for the northern part of Eureka which is now 'drill ready' and we are exploring asset level partnering to assess the prospectivity for gold near surface.
“Our Zambian project option [Buffalo] reflects our belief that there is both significant interest in the region from metals groups and that attractive deliverable projects with historic activity and data sets can be secured with well understood political risk."
The option over Buffalo requires the deployment of US$200,000 into the ground by 1 February 2020.
Bezant posted a loss of £387,000 (£483,000) in the year to June.