Bezant Resources Share Discussion Threads

[tomboyb] 20/5/2019 07:47

Not opened yet but expecting a blue start -

[tomboyb] 20/5/2019 07:10

Eureka EIA approval granted -

[tomboyb] 20/5/2019 07:09

RNS out -

20/05/2019 7:00am
UK Regulatory (RNS & others)

Bezant Resources (LSE:BZT)
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Today : Monday 20 May 2019

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RNS Number : 4795Z

Bezant Resources PLC

20 May 2019

20 May 2019

Bezant Resources Plc

("Bezant" or the "Company")

Updated EIA Approvals Granted for the Eureka Project's Exploration Areas, Argentina

Bezant (AIM: BZT), the copper-gold exploration and development company, is pleased to announce that updated environmental impact assessment ("EIA") approvals permitting certain specified additional exploration work and drilling activity on the most prospective areas of the Company's Eureka Project in Argentina, have now been granted by the Director of Mining and Energy Resources of the Secretariat of Mining and Hydrocarbons, Government of Jujuy.

Benefit of Environmental Approvals: The granting of these updated EIA approvals, which are subject to certain routine conditions, including submission and implementation of an environmental monitoring plan, will enable exploration drilling to be conducted over the licence areas that the Company has determined and selected as having the most prospectively. The approvals provide for a two-year exploration period to 3 May 2021 and permit, inter alia, work on topography, geophysics, soil geochemistry, geological mapping and diamond drilling.

Approval Process: Bezant, via its wholly owned subsidiary, Puna Metals SA, has been working with the regional government and local stakeholders to progress and secure the updated EIA approvals in respect of the Eureka Project covering a total area of 3,320 hectares. The nine specific licences to which the approvals relate are Mine Eureka, Mine Paul I, Mine Paul II, Mine Julio I, Mine Julio II, Mine Gino I, Mine Gino II, Mine Mason I and Mine Mason II.

Exploration Focus: In light of the historic third party mining activity on the Northern area of the Eureka Project and previous induced polarisation geophysical work denoting areas of resistivity and both sedimentary and rock chip sampling all in the same location, the focus of the planned additional exploration programme is on parts of the Eureka, Julio I and Julio II mine areas to the West of the old Eureka mine. The objective of the next stage of preparatory work will be to define final drill targets for a diamond drilling programme comprising up to nine holes with target depths of approximately 200-300 metres per hole from surface aimed at determining the resource type and characteristics and examining the high resistivity zones to determine if distinct feeder systems exist at a comparatively shallow depth.

Project Strategy: The Company's strategy remains to seek a joint venture partner focussed on South America and capable of financing such a drilling campaign. The Company does not currently intend to pursue a drilling campaign in its own right but will undertake preparatory work to define primary drill targets on the area of focus. The Board believes that securing these updated EIA approvals represents a significant step forward in progressing the Eureka Project.

Laurence Read, CEO of Bezant, commented:

"The granting of these updated EIA approvals on the most prospective areas of our Eureka Project is testament to the work carried out by the team and its constructive engagement with local communities and government agencies. We would like to thank such stakeholders for their valuable support.

"Following review of the Eureka Project by our technical team in 2018, the most prospective areas were selected for permitting to a drill ready status. These areas were the subject of the greatest amount of historic exploration work and allow for the most beneficial expansion of our knowledge base on the project. The updated EIA approvals will enable us to move forward with our stated JV strategy to ultimately undertake drilling on the project and determine the size and type of resource beneath the historically mined area. The hypothesis we are pursuing is that there is both near-surface sedimentary copper sufficient in grade to be mined in the future as well as high grade feeder zones within 300 metres beneath surface. Whilst progressing preparatory work, the Company will continue to identify and assess suitable potential JV partners for the further development of the project."

For further information, please contact:

[tomboyb] 15/5/2019 11:57

Mankayan was an option for Goldfields for $70million at one stage -

The old Colin Bird put 50k in at 0.36p i think -

[tomboyb] 15/5/2019 10:45

Market cap of Bezant now is a mere 790k -

Need to have an update on Mankayan -

Has not partook in any smallcap rally -

[cahus] 13/5/2019 21:07

Found my answer and just didn't read the rns all the way

[cahus] 12/5/2019 12:09

To anyone out there... I have done some reading about bzt but need people views about what could go wrong to bzt? Assuming they get through the restructuring of capital what would the impact be to current shareholders who bought in at .02 p par value and this gets reduced to .01 p par value and roof raised for authorised share capital? Would current shareholders gets 2 shares for every one held previously thus not disadvantaged? Genuine question. I am invested here and intend to increase my holdings. Thanks

[tomboyb] 07/5/2019 14:51

900ks in at 0.09 - ?

[tomboyb] 07/5/2019 13:59

Can buy 3mill at 0.08p -

900k trade at 0.09? -

[tomboyb] 04/5/2019 15:51

Will update -

[tomboyb] 04/5/2019 15:49

hxxps://www.bezantresources.com/

Mankayan -

Bezant Resources owns the huge Mankayan project in the Philippines, where it is looking for a partner for its world class project.

EUREKA PROJECT - Argentine project again, where it is looking for a partner

Option Agreement - Buffalo Copper Gold project -

Market cap - 800k

[tomboyb] 03/5/2019 14:40

Asset is clearly worth much more than the cap -

Market it and sell it off -

[2solaris] 03/5/2019 14:07

Be careful!

[cahus] 03/5/2019 14:02

Just topped up at .08p

[tomboyb] 03/5/2019 12:56

A few buys trickling at 0.08p -

Mankayan is worth a lot more than 750k!

[tomboyb] 03/5/2019 12:21

I don't think there are many sellers at this level so there could be movement up -

But dyor -

[tomboyb] 03/5/2019 10:53

market cap now 750k!

Sell the asset -

If there was an option for it at $70million! -

[2solaris] 29/4/2019 14:41

Good luck!

[cahus] 28/4/2019 11:54

New to bzt but had an eye on it for a while. Great price for an undervalued company and considering the price paid by by director .45p only mid 2018. A bounce is very likely anytime now just a matter of bod rns their next move. The concern of low on funds could be resolved by another injection by director at this current share price since he paid lot higher. Short term money to be made here IMO. So took a punt last week.

[tomboyb] 24/4/2019 14:46

Tiddlers showing interest -

BZT is at 900k -

Selling Mankayan could Dwarf the current share price -

[leeroy jenkins] 23/4/2019 16:17

View Bezant Resources talk at The Global Group UK Investor Show:

[tomboyb] 23/4/2019 15:23

A few more buys then this can break 0.09p -

If a buyer can be found for Mankayan then it would possibly dwarf the current share price -

[tomboyb] 23/4/2019 13:05

hxxps://business.inquirer.net/34637/gold-fields-eyes-mankayan-for-70m

Surely the best way forward is to sell Mankayan -

Option for $70mill in 2011 and now looking for buyers -

market cap at less than 850k so puntable -