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Company Overview

Bezant is a natural resources exploration and development company focused primarily on copper with copper projects in Namibia and the Philippines, and a manganese project in Botswana.

The company portfolio of assets includes the following projects – more information on these projects is available on the Operations section of the Company’s website.

Hope Copper-Gold project in Namibia: The Company acquired 100% of Virgo Resources Ltd and its interests in the Hope Copper-Gold Project in Namibia on 17 August 2020. The Hope Copper-Gold Project covers a significant portion of the highly prospective Matchless Copper Belt. The Bezant project area contains a series of copper deposits, of which three (Hope, Gorob-Vendome and Anomaly).

On 25 June 2025 Bezant announced, further to its announcements in April 2025 regarding the award of the Environmental Clearance Certificate (“ECC”) for the Hope and Gorob Mining Project ML 246 on EPL 5796, that the Ministry of Mines and Energy had issued the formal mining certificate for Mining Licence ML 246 which is valid until 31 March 2040  to Hope and Gorob Mining (Pty) Ltd which is 70% owned by Bezant.

On 27 October 2023 Bezant announced an updated Indicated and Inferred Mineral Resource Estimate for the Hope and Gorob copper project situated within EPL 5796 (“the “Project”) in Namibia, completed by independent consultants Addison Mining Services Ltd (“Addison” or “AMS”). Bezant Resources holds a 70% interest in the Project.

Highlights:

  • Mining Licence (ML246) granted in 2024 covering resources with a projected open-pit and underground mining capacity of over 11-years life of mine
  • Currently defined JORC (2012) compliant resources of 15Mt at 1.2% Cu, containing 190 thousand tonnes of copper
  • Substantial resource upgrade potential
  • Prospective for Volcanic Hosted Massive Sulphide (VMS) copper-gold deposits associated with the Matchless Copper Belt

Please visit our Namibia Operation webpage for a more detailed updated on the project including the award of a mining licence and mine planning work.

Kanye Manganese Project in Botswana: The Kanye Manganese Project acquired on 12 February 2021 comprises a collection of prospecting licenses (“PLs”) covering a total area of approximately 1,669km2, located in south-central Botswana south of the town of Jwaneng and west of the town of Kanye and 150km by road from the capital Gaborone. Kanye has potential for the discovery of high-quality manganese deposits suitable for supplying the valuable battery market.

On 27 August 2024 the Company announced the positive outcome of geophysical surveying during August at its Kanye manganese project in Botswana which was planned to assist in extending the potential footprint of the deposit.

Highlights:

  • IP/resistivity geophysical surveying has traced near surface areas of high conductivity/low resistivity which could reflect manganiferous mineralisation for about 900m to the NW of the previously exposed manganese occurrence in the Moshaneng borrow pit, making 1.4km of potential target strike extent in total.
  • The geophysical anomaly extends up to 300m width in places, double that in the area already drill tested, and remains open further to the NW beyond the limit of the survey.
  • Follow-up RC drilling will be planned to confirm possible mineral continuity and grade. If mineralisation of economic interest is found by drilling then an extension to the IP survey is recommended to follow the strike further.

Mankayan copper gold project investment in the Philippines:  On 6 February 2025 the Company announced that IDM International Limited (“IDM”), through which the Company held its interest in the Mankayan Copper Gold project in the Philippines (“Mankayan Project”), had announced a proposed merger with ASX listed Blackstone Minerals Ltd (“Blackstone”)(“IDM Merger”).

On 27 June 2025 the Company announced the completion of the IDM Merger. Blackstone now holds the Mankayan Project. Bezant was issued 139,365,650 Blackstone shares and 2,543,750 options to acquire Blackstone shares at AUD0.06 expiring on 5 February 2029 for its IDM shares and IDM options.   
 
On 2 July 2025 the Company announced that Blackstone had secured A$22.6m (approximately £10.8m) of financing for a major drill program at the Mankayan Project and provided an updated investor presentation.
 
The investor presentation titled “Blackstone Minerals – Investor Presentation – July 2025”  is available for download from the ASX website at:
https://announcements.asx.com.au/asxpdf/20250702/pdf/06lcph2kp8xw0h.pdf

Disposal of Eureka copper project in Argentina:  On 21 May 2025 Bezant confirmed the completion of the sale of Puna Metals S.A. (“Puna”) through which it held the 12 licences comprising the Eureka Project located in the Republic of Argentina (“Eureka Project”) to Ajax Resources Plc (“Ajax”) (LSE: AJAX) for cash consideration of U$170,000. Accordingly, the Company no longer has an interest in the Eureka Project.
 
Bezant’s audited accounts to 31 December 2024 included total assets of £17K and liabilities of £86K in relation to the Eureka Project.

The Company is quoted on the AIM Market: (BZT)
7 July 2025
Please check our announcements page for subsequent updates