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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 |
TIDMBZT
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
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(END) Dow Jones Newswires
October 09, 2017 02:00 ET (06:00 GMT)
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