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BZT Bezant Resources Plc

0.021
-0.002 (-8.70%)
Last Updated: 11:49:27
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Bezant Resources Plc LSE:BZT London Ordinary Share GB00B1CKQD97 ORD 0.002P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.002 -8.70% 0.021 0.02 0.022 0.023 0.021 0.023 75,082,359 11:49:27
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gold Ores 0 1.44M 0.0002 1.00 1.54M

Bezant Resources PLC Update re Choco Gold-Platinum Project, Colombia (0005T)

09/10/2017 7:00am

UK Regulatory


Bezant Resources (LSE:BZT)
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RNS Number : 0005T

Bezant Resources PLC

09 October 2017

9 October 2017

Bezant Resources Plc

("Bezant" or the "Company")

Update re Choco Gold-Platinum Project, Colombia

Bezant (AIM: BZT), the AIM quoted gold and platinum mining company, is pleased to announce an update on progress at its gold and platinum production operations, currently focused on the FKJ-083 licence area, in the Choco region, Colombia (the "Choco Project").

Following the completion of the current stage of open pit development and infrastructure work, as announced on 5 October 2017, the Company has now commenced extraction and processing of the higher-grade virgin gravels from the within the deeper levels of the open pit.

Commenting today, Bernard Olivier, CEO of Bezant, said:

"I am happy to report that we have now commenced first extraction and processing of the higher-grade gravels and look forward to announcing some of the initial grades achieved from the higher grade material in the coming weeks. The scoping study, as announced in March 2017, calculated an estimated break-even grade of 0.17 grammes per tonne (238mg/m(3) ) for combined Pt and Au. The verification of the grade of the virgin gravels target zone we are now mining is our priority, before progressing into volume expansion. Once we have adequately assessed the recoveries from the higher-grade gravels versus our estimated break even point, we shall then commence with the next phase of production ramp-up"

For further information, please contact:

 
 
  Bezant Resources Plc 
  Bernard Olivier                            Tel: +61 40 894 8182 
  Chief Executive Officer 
 
  Laurence Read                              Tel: +44 (0)20 3289 
  Executive Director / Communications        9923 
  Officer 
 
  Strand Hanson Limited (Nomad)              Tel: +44 (0)20 7409 
  James Harris / Matthew Chandler            3494 
  / James Dance 
 
  Peterhouse Corporate Finance               Tel: +44 (0)20 7469 
  Limited (Broker)                           0930 
  Lucy Williams / Duncan Vasey 
  / Heena Karani 
                                             Tel: +44 (0)20 7382 
  Beaufort Securities Limited (Broker)       8300 
  Elliot Hance 
 
  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 Regulation (EU) No. 596/2014.

- ENDS -

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCMMMGGRRGGNZM

(END) Dow Jones Newswires

October 09, 2017 02:00 ET (06:00 GMT)

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