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Bezant Resources lands extension to Buffalo option deal

The explorer will now have until 30 April to complete an assessment of the project.

Bezant Resources PLC - Bezant Resources lands extension to Buffalo option deal

Bezant Resources PLC (LON:BZT) told investors it has been given an extension to an option deal for the  Buffalo copper-gold project, in Zambia.

In April, the company secured an option agreement to earn 50% of the project by satisfying certain investment obligations.

It was required to complete an initial assessment of the project at a cost of up to US$200,000 by 1 February, and, with the extension it now has until 30 April to complete it.

READ: Bezant raises £350,000 to advance Zambia copper project

"This extension will allow Bezant to fully understand the geological structure and presentation of mineralisation in an area which has produced promising copper results and indicated the presence of other base metals,” said Colin Bird, executive chairman.

“We look forward to reporting our findings during the extended option period."

All other terms of the original agreement remain unchanged.

Quick facts: Bezant Resources PLC

Price: 0.26 GBX

Market: AIM
Market Cap: £9.07 m

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