Bezant Resources (BZT)

Sector:

Mining

Index:

FTSE AIM All-Share

0.021p
   
  • Change Today:
      0.002p
  • 52 Week High: 0.066
  • 52 Week Low: 0.020
  • Currency: UK Pounds
  • Shares Issued: 11,381m
  • Volume: 75,130,085
  • Market Cap: £2.39m
  • RiskGrade: 546

Bezant upbeat on approval renewal over Mankayan Project

By Josh White

Date: Friday 18 Mar 2022

LONDON (ShareCast) - (Sharecast News) - Copper-gold explorer and developer Bezant said on Friday that the Philippines Mines and Geosciences Bureau has renewed Crescent Mining Development Corporation's mineral production sharing agreement for a second 25-year term, with effect from 12 November 2021.
The AIM-traded firm said the renewal would be a "catalyst" for the development of the Mankayan Project, which it described as a "potentially world-class" copper-gold porphyry project.

Its interest in the Mankayan Project is via its 27.5% shareholding in Australian company IDM, which was established to support Crescent in developing Mankayan, with the remaining 72.5% owned by established investors in the mining sector.

Bezant said Crescent had started the feasibility study process, and engaged international firms with an in-country presence, as well as Philippine firms, to complete the scoping phase of the project and to plan a drilling campaign to assist with geotechnical studies.

"We are very pleased with the renewal of the MPSA for 25 years which will be a catalyst for the development of this world class copper gold porphyry project," said Bezant executive chairman Colin Bird.

"We are very confident that management in the Philippines supported by IDM have the experience and expertise to take the project forward through the next stages of evaluation and development which will significantly enhance the value of the project.

"We are also aware of the renewed focus of the Philippines since the lifting in August 2021 of the moratorium on new mining projects and the nationwide ban on open-pit mining method, in ensuring that the Philippines considerable mining resources are developed and play a significant role in the development of the Philippine economy in the post-Covid era."

At 1400 GMT, shares in Bezant Resources were up 2.86% at 0.18p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

BZT Market Data

Currency UK Pounds
Share Price 0.021p
Change Today 0.002p
% Change -8.70 %
52 Week High 0.066
52 Week Low 0.020
Volume 75,130,085
Shares Issued 11,381m
Market Cap £2.39m
RiskGrade 546

BZT Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
85.32% above the market average85.32% above the market average85.32% above the market average85.32% above the market average85.32% above the market average
89.31% above the sector average89.31% above the sector average89.31% above the sector average89.31% above the sector average89.31% above the sector average
Price Trend
89.03% below the market average89.03% below the market average89.03% below the market average89.03% below the market average89.03% below the market average
74.83% below the sector average74.83% below the sector average74.83% below the sector average74.83% below the sector average74.83% below the sector average
Income Not Available
Growth Not Available

BZT Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
15:53 45,454 @ 0.022p
15:51 2,272 @ 0.022p
13:57 10,000 @ 0.020p
12:19 50,000,000 @ 0.020p
12:36 1,000 @ 0.020p

BZT Key Personnel

Finance Director Raju Samtani

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