Bezant Resources Plc provided an update for Hope and Gorob copper-gold project situated within EPL 5796 in central Namibia, approximately 100km SW of Windhoek, the capital city, and 120km SE of the major African port of Walvis Bay. BZT holds a 70% interest in the Project. The company has undertaken a Social and Environmental Impact Assessment (ESIA), which has been submitted to interested and affected parties for comments, in anticipation of a near-term issue by the Namibian Government of a Mining Licence.

In addition, a significant amount of supplementary work has been completed that will aid optimisation of the process flowsheet, final mine design and eventual commencement of the operation. The current JORC 2012-compliant Mineral Resource Estimate (MRE) for Hope and Gorob (gross*), updated for Bezant by the independent consultants Addison Mining Services (AMS) was announced on 27 October, 2023, believed to be amenable to a Phase 1 open-pit operation and Phase 2 underground mine, is: 15 Mt @ 1.2% Cu and a projected average grade of 0.4 g/t Au. The MRE includes 1.24 Mt @ 1.6% Cu and 0.4 g/t Au (Indicated) and 14 Mt @ 1.2% Cu across Hope, Gorob and associated deposits within which lies 3 Mt @ 1.7% Cu and 0.4g/t Au at the Hope project alone.

The MRE is equivalent to 190,000t of contained copper. AMS have identified significant potential for open pit extraction of 2.4Mt and the prospects for increasing the size of the open pit resource for a further 700Kt to 1 Mt thus postulating an initial open pit with 5 years mine life at an annual rate of 500Kt per year.