Hope and Gorob Project commencement of blasting

Bezant Resources PLC

13 August 2026

 

13 August 2026

Bezant Resources Plc

("Bezant" or the "Company")

Hope and Gorob Project Commencement of Blasting  

Bezant Resources PLC ("Bezant" or the "Company") the exploration and development company with projects located in Namibia, Botswana and Zambia is pleased to announce a successful first blast at the Hope open pit site at its 90% owned Hope & Gorob copper gold project in Namibia.

Highlights

·      The first blast at the Hope & Gorob mine.

·      A 20,000 tonne blast to liberate approximately 2,000 tonnes of commercially viable mineralisation has been completed.

·      Preliminary evaluation indicates surface mineralisation post blast is consistent with the geological block model in terms of location and tenor of mineralisation.

·      The Bezant grade control team will compare assays from blasthole sampling with the current surface expression of mineralisation.

·      This represents the first opportunity for the Company's grade control team to apply their training with the selection of run of mine ("ROM") ore for stockpiling. 

·      Mining and transport of ROM ore to the Tsaoxaub Metals flotation plant will shortly commence in order to generate a stockpile suitable for future plant commissioning.

·      Onboarding of the plant site manager has been completed, and the recruitment of plant operators is ongoing.

·      The Hope & Gorob mine geology department is liaising with external resource consultants Sound Mining to validate the existing block model.

·      Blastholes have been drilled ahead of the second blast and the mining contractor, Unitrans, has commenced ground clearance and separation of ore and waste for haulage to the plant site and waste storage respectively.

Colin Bird Executive Chairman of Bezant commented:

'We are pleased to announce this important mile stone in the development of the Hope and Gorob Copper and Gold mine development. The blast was successful with excellent fragmentation and extremely well positioned relative to ore. The result is testament to our external geological advisor Sound Engineering and also our newly recruited geological staff.  The project continues to move forward in all aspects and we are particularly pleased with progress at the NLZM plant where current activity is intense. We will keep the market updated as we proceed towards the key mile stones of ore input and saleable concentrate."

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).

Bezant Resources Plc  Colin Bird Executive Chairman	[phone]
Beaumont Cornish (Nominated Adviser)  Roland Cornish / Asia Szusciak	[phone]
AlbR Capital Limited (Joint Broker) Jon Belliss	[phone]
Shard Capital Partners LLP (Joint Broker) Damon Heath	[phone]

or visit http://www.bezantresources.com

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.

 

END