Investment accounts
Adult accounts
Child accounts
Choosing Fidelity
Choosing Fidelity
Why invest with us Current offers Fees and charges Open an account Transfer investments
Financial advice & support
Fidelity’s Services
Fidelity’s Services
Financial advice Retirement Wealth Management Investor Centre (London) Bereavement
Guidance and tools
Guidance and tools
Choosing investments Choosing accounts ISA calculator Retirement calculators
Share dealing
Choose your shares
Tools and information
Tools and information
Share prices and markets Chart and compare shares Stock market news Shareholder perks IPOs and placings
Pensions & retirement
Pensions, tax & tools
Saving for retirement
Approaching / In retirement
Approaching / In retirement
Speak to a specialist Creating a retirement plan Taking tax-free cash Pension drawdown Annuities Investing in retirement Investment Pathways
Bezant progresses towards mining licence at Hope and Gorob
(Sharecast News) - Bezant Resources updated the market on its Hope and Gorob copper-gold project on Friday, located within EPL 5796 in central Namibia. The AIM-traded firm said the project, in which it holds a 70% interest, is located 100 kilometres southwest of the capital city Windhoek, and 120 kilometres southeast of the major African port of Walvis Bay.
It said it had completed a social and environmental impact assessment (ESIA), and submitted it to relevant parties for comments.
That step aligned with the anticipation of an imminent issue of a mining licence by the Namibian government.
Additionally, it said substantial supplementary work had been finalised to enhance the process flowsheet and mine design, and prepare for the project's start.
Key highlights included an updated JORC 2012 compliant mineral resource estimate (MRE), released on 27 October 2023, completed by Addison Mining Services (AMS).
The estimate indicated 15 million tonnes at 1.2% copper with a projected average grade of 0.4 grams of gold per tonne.
That encompassed the Hope, Gorob Vendome, and Anomaly deposits, with Hope alone holding three million tonnes at 1.7% copper and 0.4 grams of gold per tonne.
AMS estimated 2.4 million tonnes of ore potentially suitable for an initial, cost-effective, open-pit mine.
The board said the completion of ore sorting, magnetic separation and flotation test work had allowed for the advancement of a number of project components aimed at maintaining momentum and preparing Hope and Gorob for swift progression into production.
EnviroNam Consultants had meanwhile managed and conducted the ESIA, which had now been submitted for feedback.
Additionally, ongoing studies focusing on design optimisation and contract negotiations, including project-based financing, were underway.
"We have continued to advance the project pending the anticipated award of the mining licence," said executive chairman Colin Bird.
"Our time has been well-spent confirming the suitability of Hope and Gorob ore to dry sorting technologies together with the optimisation of various aspects of the future operation.
"In the interim we will continue with essential work largely linked to project development and keep shareholders informed of progress."
At 0948 GMT, shares in Bezant Resources were down 4.35% at 0.02p.
Reporting by Josh White for Sharecast.com.
Share this article
Related Sharecast Articles
Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.
Award-winning online share dealing
Search, compare and select from thousands of shares.
Expert insights into investing your money
Our team of experts explore the world of share dealing.
Policies and important information
Accessibility | Conflicts of interest statement | Consumer Duty Target Market | Consumer Duty Value Assessment Statement | Cookie policy | Diversity and Inclusion | Doing Business with Fidelity | Fidelity gender pay report | Investing in Fidelity funds | Legal information | Modern slavery | Mutual respect policy | Privacy statement | Remuneration policy | Security | Statutory and Regulatory disclosures | Whistleblowing policy
Please remember that past performance is not necessarily a guide to future performance, the performance of investments is not guaranteed, and the value of your investments can go down as well as up, so you may get back less than you invest. When investments have particular tax features, these will depend on your personal circumstances and tax rules may change in the future. This website does not contain any personal recommendations for a particular course of action, service or product. You should regularly review your investment objectives and choices and, if you are unsure whether an investment is suitable for you, you should contact an authorised financial adviser. Before opening an account, please read the ‘Doing Business with Fidelity’ document which incorporates our client terms. Prior to investing into a fund, please read the relevant key information document which contains important information about the fund.
This website is issued by Financial Administration Services Limited, which is authorised and regulated by the Financial Conduct Authority (FCA) (FCA Register number 122169) and registered in England and Wales under company number 1629709 whose registered address is Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, KT20 6RP.
