28 August 2024
Bezant
Resources PLC
("Bezant"
or the "Company")
Permitting Update for Licence
7170, Hope & Gorob Copper - Gold Project,
Namibia
Bezant Resources Plc ("Bezant" or
the "Company") is pleased to confirm the issue of an Environmental
Clearance Certificate ("ECC") for Licence EPL7170 valid until 12
August 2027. The licence was previously renewed for a further
period of two years from the previous expiry to 22nd
October 2025 subject to the granting of the ECC. With the granting
of the certificate the way is clear for the Company to continue
with exploration on this important extension to the pending Hope
& Gorob Mining Licence and EPL 5796 exploration licence for
which renewal is also in process.
Licence EPL7170 offers approximately
30km of prospective Matchless Belt geology that has to date
delivered 15Mt of JORC (2012) compliant Mineral Resources within
the pending Hope & Gorob Mining Licence.
The Company will provide information
on future exploration results on EPL7170 as work progresses to
increase the Hope & Gorob global copper - gold
resource.
Commenting on progress, Colin Bird Chairman
said:
"We are pleased to be
awarded renewal of this exploration licence situated just NE of the
main Hope and Gorob licence, with comparable geology within the
Matchless Copperbelt. We have previously undertaken airborne
geophysics over the licence and identified potentially significant
anomalies for follow-up.
The licence forms part of an almost contiguous belt of
prospective ground with Hope and Gorob and could host either
extensions to that mineralisation or a separate resource to support
a larger mining operation in the future".
For further information, please
contact:
|
Bezant Resources Plc
Colin Bird Executive
Chairman
|
|
|
Beaumont Cornish (Nominated
Adviser)
Roland Cornish / Asia Szusciak
|
+44 (0) 20 7628 3396
|
|
Novum Securities Limited (Joint
Broker)
Jon Belliss
|
+44
(0) 20 7399 9400
|
|
Shard Capital Partners LLP (Joint
Broker)
Damon Heath
|
+44 (0) 20 7186 9952
|
or visit http://www.bezantresources.com
The information contained within
this announcement is deemed by the Company to constitute inside
information as stipulated under the Market Abuse Regulations (EU)
No. 596/2014 as it forms part of UK Domestic Law pursuant to the
Market Abuse (Amendment) (EU Exit) regulations (SI
2019/310).
Beaumont Cornish Limited ("Beaumont
Cornish") is the Company's Nominated Adviser and is authorised and
regulated by the FCA. Beaumont Cornish's responsibilities as the
Company's Nominated Adviser, including a responsibility to advise
and guide the Company on its responsibilities under the AIM Rules
for Companies and AIM Rules for Nominated Advisers, are owed solely
to the London Stock Exchange. Beaumont Cornish is not acting for
and will not be responsible to any other persons for providing
protections afforded to customers of Beaumont Cornish nor for
advising them in relation to the proposed arrangements described in
this announcement or any matter referred to in it.