Bezant Resources Share Discussion Threads

[jlondon] 28/4/2021 18:32

"Exclusive: TEMPAKAN, other giant mines could STRIKE GOLD in wake of Duterte*s new order."-CNN

hxxps://www.cnnphilippines.com/news/2021/4/26/Exclusive--Tempakan--other-giant-mines-could-strike-gold-in-wake-Duterte-new-order.html [CNN, 2 days ago]

SILANGAN
KING KING etc
in the PRIORITY LIST of 101 applications up for approval.

TEMPAKAN-moth balled multi-billion mine. [$5.9 billion].

"Out of the 101 short-listed, 36 miners could start development and commerical operations in as early as 3 mths time."

"The 65 others are in the FINAL stages of exploration and feasibility studies at best already have mining agreements with the govt."

"Outside that priority list, there are almost 400 waiting for CONVERSION from exploration to mineral sharing agreements."
--
On the London Sth East, 1 chap was talking about the Mankayan licence- does the above not sound that the govt is now open for business?

BZT MANKAYAN- 1 poster on ADVFN said 3RD TIME LUCKY?
Well, MHIH missed it by 1 wk. BZT issued an RNS on 8 Apr 2021 ENDING the JV and NOT allowing a WAIVER, then 1 wk later, the Philippines govt opens or rather lifts the mining ban. That follows with high prices for copper plus supply tightness.

[jlondon] 28/4/2021 18:22

"Philippines sees over $400m yearly tax BONANZA from mining."-Nasdaq, 19.4.21



A/c to the article, it said the tax bonanza of over $400m is "just from PRIORITY PROJECTS ALONE."

They mention "BIG TICKET ones like $1.1bn SILANGAN -several Chinese mining co*s had expressed investing in Silangan."

Then, there is "TEMPAKAN $5.9bn development stalled project" - this was owned by Glencore.

There are 3 big projects: Tempakan [one of the top 10 in the world], Silangan & King King. There are 30 more [100 in total] plus 400 more.

--
SILANGAN
hxxps://www.nsenergybusiness.com/projects/silangan-copper-gold-project/
"917.7M lbs copper & 2.9 MOZ gold."

My comment:
BZT*s MANKAYAN is bigger than Silangan at 9.7 MOZ gold & 2.8Mt contained copper.
The purpose of the LIFT IN THE MINING BAN in the Philippines is to attract also local investment and FOREIGN INVESTMENT.

[the manini] 28/4/2021 17:41

As you say has to be something significant...

[jlondon] 28/4/2021 17:33

Per the folks on Colin Bird*s XTR [London Sth East], Mr Bird is in ZAMBIA?


From what I know, Chairman*s dont usually go out to the site to just inspect the drilling in Zambia and it will be currently on Hole 3?

From my experience only, Chairman*s go out to sign something which needs their presence? For example, Mr Bird has not travelled to XTR*s Bushranger, also given the COVID-19 previous situ?

Wonder what that is about? Mr Bird lives in the M.E, so some distance to go?

Thoughts?

[the manini] 28/4/2021 17:15

Superb summing up jlondon and this IS ONLY MANKAYAN. We have all the other assets that Colin has talked about recently, all also open or having large unexplored areas with huge further potential. In situ value for the whole lot? It's anyone's guess but it's a ridiculous number compared to our pathetic market cap. With the right moves here from Colin this could eclipse the moves we've seen for the likes of ufo, ggp, eua etc. in the coming months / years. AIMVHO. PADYOR.

[jlondon] 28/4/2021 16:42

P.S

Edison*s report [another] also said that the NEAR NEIGHBOUR Far South East was also under offer from GoldFields. FarSouth East [FSE] is 6km from BZT*s Mankayan, 265km from Manila, the capital [Luzon]. Mankayan is in a mining district per MMIH.


Far South East has the WORLD*S 2ND HIGHEST GRADE after Grasberg in Indonesia.

Edison shows the FSE geological map and Mankayan.

Mankayan is still OPEN on STRIKE & DEPTH.

Then, Laurence Read said these days, it is not so easy to find Mankayan grades of 0.44% copper and 0.49 g/t gold.

[jlondon] 28/4/2021 16:21

BZT mkt cap @0.32p = £12.38 Million
Mankayan: BZT paid some £5.2million to buy + $5m for further drilling.
So, either Mankayan is almost free or other copper projects in Zambia-Namibia +manganese appears for free.
--
Edison*s report in June 2007 reported that Mankayan*s Value-in-Situ was US$8.08b for the copper 1.3Mt & $4.49b for the gold at 4.3Moz. This is based on the Snowden JORC 2004. Goldfields offer was some $70m based on Edison*s value in situ total of US$12.57b.
From Edison*s above figure, one can see that gold per oz was some US$1,044/oz & copper per tonne was US$6,767 [divide 1.3Mt by $8.08 etc]


--
MMIH Updated the Mankayan JORC to 2012 [paid for by MMIH]:
2.8Mt copper
9.7Moz gold
20 Moz silver.
If one uses $1,700 for gold/oz, 9.7Moz gold= $16.49b
If one uses $9,500 for copper/t 2.8Mt copper= $26.6b [current $1970 approx]
If one uses $26/oz for silver 20Moz silver =$5.2b.
TOTAL: US$ 4 8 . 29 BILLION today for illustration only.
---
IF, TODAY, GOLDFIELDS WERE TO HAVE OFFERED FOR MANKAYAN AS THEN, THEY WOULD HAVE TO PAY SOME US$ 2 6 8 MILION [based on $48.29b] vs US$70m [based on $12.57b per Edison].

BZT*s last RNS of 8 Apr 2021 terminated the MMIH JV and did not allow a WAIVER.
BZT has now consulted counsel in Spore for the next steps to take to take back the Mankayan project [80%]

The Snowden 2004 JORC for Mankayan was 257 Million Tonnes [Exhibit 3 per Edison] but now with MMIH updated 2012 JORC, it is now 793 MILLION TONNES which per the CFO at MMIH in a interview with Proactive Investors UK in early Dec 2020 stated that the Mankayan resource had MORE THAN DOUBLED. Indeed, so did the prices of gold, copper and silver.

As one knows, Mr Bird*s other co ie XTR is aiming to prove 2Mt copper but has a mkt cap of some £40.48million @5.45p.

BZT has a ready JORC 2012 Mankayan project at 2.8Mt - World*s 10 largest copper projects per Mining.com lists Galeno at 3.3Mt @ No 10.

Wed 28 Apr 2021. DYOR.

[bmwman3] 28/4/2021 15:37

Nice big buys at the end there and mm's playing games misreporting buys

[tigletpiglet] 28/4/2021 15:21

Thought I would average up this morning but turns out I've averaged down. Doh! Oh well, get some more tomorrow and reduce my average. Got to be a silver lining somewhere.

[jlondon] 28/4/2021 14:41

RTG Mining listed in Canada & Oz won a TRIBUNAL [Spore] case to end a JV.
Their 100% Mabilo project in N. Luzon [BZT*s Mankayan is also in Luzon, main island and around 265km from Manila, the capital. Mankayan is also a mining district].
hxxps://www.rtgmining.com/projects/mabilo/

RTG also issued an RNS/Ann relating to Philippines lifting the mining ban. RTG stock rose on this news and so did other mining stocks.

28 Apr 2021.
--
Per one poster above: 3RD TIME LUCKY for BZT. MHIH did an updated JORC 2012 on Mankayan which showed 9.7 Moz gold, 2.8Mt copper & 20 Moz silver? Under the old 2004 JORC, it was only 1.3Mt copper & 4.3 moz gold. MHIH paid for the updated JORC which appears to show it is now near Tier 1 status? Resources have >DOUBLED per CFO, MHIH in a Proactive Investors UK video interview in early Dec 2020?

BZT JV TERMINATED WITH MHIH on 8 Apr 2021 and about 1 wk later, the Philippines lifted the mining ban.

DYOR.

[sparty1] 28/4/2021 13:28

RE 100% ..Not yet they don`t. The whole process starts again.. Third time lucky.

[lendmeafiver] 28/4/2021 13:17

So have the Exploration Period Requirements been satisfied?

[the manini] 28/4/2021 13:04

Spot on Mr. Roper. This is a huge bonus for us. We were about to offload it for a pittance of true value. The fact they talk about 'repositioning' it within the portfolio shows an awareness of the new environment and landscape that we're now in with an unprecedented demand for green metals and soaring prices.

[mr roper] 28/4/2021 12:53

They now have 100% of Mankayan the week after the Philippines have removed foreign ownership restrictions on mines and copper is testing a decade high.

Should be straightforward to progress Mankayan or offload it partially/completely. Copper assets are in demand.

[ashleyjv] 28/4/2021 12:43

It is and it isn't. There a few million ££ to claw back which may require an expensive legal battle or the money could just be written off. This was covered in old RNSs so hopefully not too much of an issue

[mr roper] 28/4/2021 12:26

That is good news.

[supercity] 28/4/2021 12:21

Not saying people don't read an rns but to me they are saying that they are going from a twenty percent stake back to one hundred percent stake - surely if this is true the shares could soar

[bmwman3] 28/4/2021 09:37

50m market cap? At what price will the share price need to be for that?

[parob] 28/4/2021 09:11

Volume is good again as profit-takers from the lows get replaced with new investors buying the dip.I'm holding out until this reaches a market cap of £50M and will re-assess then. News flow could make that happen pretty quickly.

[parob] 28/4/2021 09:00

Looks like healthy consolidation before the next leg up.

[bmwman3] 28/4/2021 08:37

Nice buying opportunity imho

[richardp19] 28/4/2021 08:34

New placing on route

[parob] 28/4/2021 07:46

It would appear that Bezant Resources (BZT) shares were finally in the box seat as far as investors were concerned, as the copper-gold specialist continued to bask in the sun of its significant copper intercept in its second drill hole at the Minemba prospect within the Kalengwa exploration. Given that we are now in the run up to provisional results in the form of lab assays in the second half of May 2021, there are a few weeks for the market to anticipate what Bezant may be sitting on, and what the magnitude may be.hTTps://zakmir.com/stock-market-watch-bzt-cmrs-crtm-mast-must/#gs.zubco8

[someuwin] 28/4/2021 07:09

Looking strong.