Hope and Gorob Project Update
Bezant Resources Plc announced that the Namibian Competition Commission has approved the share purchase agreement to acquire a 90% shareholding in Namib Lead and Zinc Mining from CL US Minerals LLC. Namibia Exchange Control Approval has also been granted. The acquisition involves an ore processing plant owned by NLZM, which Bezant intends to modify for processing copper-gold ore from the Hope and Gorob project. The company will issue a general meeting circular to obtain shareholder approval of the agreement. Further announcements regarding the Hope and Gorob project's feasibility study and core financing are expected soon.
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Bezant (AIM: BZT), the copper-gold exploration and resource development company, announced on 14 August 2025 the conditional share purchase agreement to acquire a 90% shareholding in Namib Lead and Zinc Mining (Proprietary) Limited ("NLZM") from CL US Minerals LLC ("Vendor") ("Share Purchase Agreement" or "Agreement"). NLZM owns an ore processing plant ("NLZM Processing Plant") which once modified it is proposed to use to process copper - gold run of mine ("RoM") ore from Hope and Gorob which has been pre-concentrated on-site using dry ore sorting technology.
In relation to the Agreement's regulatory conditions precedents referred to in the 14 August 2025 announcement;
- the Namibian Competition Commission has approved the Agreement; and
- Namibia Exchange Control Approval has been granted
In relation to the approval of the Company's shareholders the Company will in due course be issuing a general meeting circular to obtain shareholder approval of the Agreement. The Company will also be shortly issuing further announcements in relation to the Hope and Gorob project's i) feasibility study and ii) core financing and offtake arrangements.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.