Prepayment Facility and concentrate offtake agreed

Bezant Resources ("Bezant" or the "Company") is pleased to inform shareholders that it has entered into binding term documentation for a conditional prepayment facility of up to USD 7 million and an associated concentrate offtake agreement with a globally recognised commodities trading company (the "Financier"), to support the development of the Hope and Gorob copper project in Namibia ("Financing and Offtake Agreements").

Highlights

• The Financing and Offtake Agreements are subject to completion of the acquisition of a 90% shareholding in Namib Lead and Zinc Mining (Proprietary) Limited ("NLZM") (as announced by the Company on 14 August 2025), customary closing (including completion of standard final due diligence) and execution of full-form definitive agreements. The Financier will be named when the full form definitive agreements are signed.
• The prepayment facility is structured as a senior secured facility made available in tranches totalling up to USD 7 million. An initial advance of USD 3 million is expected to be made at closing, with the balance of up to USD 4 million to be disbursed at agreed intervals prior to commissioning, subject to satisfaction of agreed drawdown conditions.
• The prepayment facility has been agreed in parallel with a life of mine 100% concentrate offtake agreement on competitive rates and terms customary for a project of this type and scale.

Colin Bird, Executive Chairman of Bezant, commented "We are pleased to have agreed terms, subject to standard due diligence and final closing conditions terms, both a concentrate offtake and structured prepayment facility with a globally recognised commodities trader. The framework ideally suits our project development schedule and, is an important part of our financing arrangements for the advancement of the Hope and Gorob Project including the downpayment to the Vendor of the NLZM Processing Plant, payment of deposits to suppliers of key components of both the NLZM plant upgrade and the construction of the mine site crushing and ore sorting facility.".