leadf
logo-loader
viewBezant Resources PLC

Bezant completes due diligence on Hope gold-copper project, and moves towards completion

Bezant is building a diverse portfolio of assets in Southern Africa

Bezant Resources PLC - Bezant completes due diligence on Hope gold-copper project, and moves towards completion

Bezant Resources PLC (LON:BZT) has completed its due diligence in relation to the Hope copper project in Namibia, and the parties are now proceeding to the administrative process of completing the acquisition.

As announced on June 19, 2020, the acquisition of 100% of Virgo Resources Ltd and its interests in the Hope copper-gold project in Namibia was subject to certain conditions precedent, including completion of due diligence, regulatory consents for Bezant to proceed, and execution.

"The completion of our corporate and technical due diligence on the acquisition of Virgo and its +70% interest in the Hope gold-copper project is an important milestone for Bezant,” executive chairman Colin Bird said in a statement.

“The acquisition is on very favourable terms, of a major copper-gold project in an excellent jurisdiction with a significant JORC resource. As announced on 15 July 2020, there is unrealised gold potential and we already have a clearly identified value creation strategy for the project and are already planning its implementation."

 

Quick facts: Bezant Resources PLC

Price: 0.242 GBX

AIM:BZT
Market: AIM
Market Cap: £8.45 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Bezant Resources PLC named herein, including the promotion by the Company of Bezant Resources PLC in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Market report: FTSE's festive cheer after lockdown measures get set to ease

FTSE 100 moved higher on the good vaccine news yesterday and the round of UK lockdown easing measures confirmed last night by the prime minister. The blue-chip index added 38 to 6,372.   Not everyone was happy with new tiered lockdown system and Boris Johnson was accused of killing...

1 week, 3 days ago

2 min read