Hope and Gorob Project Update
Summary by AI BETAClose X
29 October 2025
Bezant Resources Plc
("Bezant" or the "Company")
Hope and Gorob Project Update
Proposed Acquisition of Processing Plant
Bezant (AIM: BZT), the copper-gold exploration and resource development company, announced on 14 August 2025 the conditional share purchase agreement to acquire a 90% shareholding in Namib Lead and Zinc Mining (Proprietary) Limited ("NLZM") from CL US Minerals LLC ("Vendor") ("Share Purchase Agreement" or "Agreement"). NLZM owns an ore processing plant ("NLZM Processing Plant") which once modified it is proposed to use to process copper - gold run of mine ("RoM") ore from Hope and Gorob which has been pre-concentrated on-site using dry ore sorting technology.
In relation to the Agreement's regulatory conditions precedents referred to in the 14 August 2025 announcement;
i) the Namibian Competition Commission has approved the Agreement; and
ii) Namibia Exchange Control Approval has been granted
In relation to the approval of the Company's shareholders the Company will in due course be issuing a general meeting circular to obtain shareholder approval of the Agreement. The Company will also be shortly issuing further announcements in relation to the Hope and Gorob project's i) feasibility study and ii) core financing and offtake arrangements.
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).
For further information, please contact:
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Bezant Resources Plc Colin Bird Executive Chairman |
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Beaumont Cornish (Nominated Adviser) |
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Novum Securities Limited (Joint Broker) Jon Belliss |
+44 (0) 20 7399 9400 |
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Shard Capital Partners LLP (Joint Broker) Damon Heath |
+44 (0) 20 7186 9952 |
or visit http://www.bezantresources.com
Disclaimer
Beaumont Cornish Limited ("Beaumont Cornish"), which is authorised and regulated in the United Kingdom by the FCA, is acting as Nominated Adviser ("Nomad") to the Company in connection with the matters contained in this announcement, and will not be acting for any other person or otherwise be responsible to any person for providing the protections afforded to clients of Beaumont Cornish or for advising any other person in respect of the matters set out in this announcement or any transaction, matter or arrangement referred to in this announcement. Beaumont Cornish's responsibilities as the Company's Nomad are owed solely to London Stock Exchange and are not owed to the Company or to any Director or to any other person in respect of his or her decision to acquire any shares in the Company. Furthermore, Beaumont Cornish has not approved or authorised the release of this announcement in whole or in part, directly or indirectly into The United States, Canada, Australia, Japan or The Republic of South Africa or any other jurisdiction in which such release, publication or distribution would be unlawful.
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