viewBezant Resources PLC

Bezant Resources responds to Zambia media reports

The company has a 30% interest and is the operator of the project.

Bezant Resources PLC - Bezant Resources responds to Zambia media reports

Bezant Resources PLC (LON:BZT) responded to media reports in Zambia by telling investors that it has not been served any legal proceedings or restraint orders in relation to the Kalengwa Copper Project.

The media reports questioned the legal ownership of the Large Scale Exploration Licence relating to Kalengwa, in which Bezant holds a 30% interest in and acts as operator.

READ: Bezant updates on Mankayan transaction

In a statement, Bezant said: “In Zambia mining licences are issued by the Zambian Ministry of Mines and Mineral Development. The Zambian Mining Cadastre confirms the issue of Large Scale Exploration Licence 24401-HQ-LEL to Kalengwa Processing Zone (KPZ) on 2 April 2019 with an expiry date of 1 April 2023 which covers the commodities cobalt, copper, diamond, gold, iron or, lead, malachite and silver and comprises an area of 974.83 km2. 

“As reported in the company's announcement on 27th April 2020 KPZ is a 100% (less one share) Zambian subsidiary of KPZ International Limited (KPZ Int) which the Company has a 30% shareholding in.”

Quick facts: Bezant Resources PLC

Price: 0.253 GBX

Market: AIM
Market Cap: £9.65 m

Add related topics to MyProactive

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


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...


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 ago

2 min read