Business
Interim Results for Six Months Ended 30 June 2021
Interim Results for Six Months Ended 30 June 2021.
About this update from Bezant Resources Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 4558N\n Bezant Resources PLC\n 30 September 2021\n \n \n \n \n 30 September 2021\n \n \n \n \n \n Bezant Resources Plc\n \n \n (\"Bezant\" or the \"Company\")\n \n \n \n \n \n Interim Results for the Six Months Ended 30 June 2021\n \n \n \n \n \n Bezant (AIM: BZT), the copper-gold exploration and development company, announces its unaudited interim results for the six months ended 30 June 2021.\n \n \n \n \n \n Chairman's Statement\n \n \n \n \n \n \n \n \n Dear Shareholder,\n \n \n \n \n \n The first half of 2021 has been one of consolidation and a further acquisition for Bezant in Southern Africa where we now have projects in Zambia, Namibia and Botswana. \n \n \n \n \n \n Financial highlights:\n \n \n \n \n \n · \n £486K loss after tax (2020: £261K)\n \n \n · \n Approximately £407K cash at bank at the period end (31 December 2020: £1,128K).\n \n \n \n \n \n \n Operational and corporate events in six months to 30 June 2021\n \n :\n \n \n \n \n \n \n Copper and Gold Strategy:\n \n The period under review has been very active in our mission to drive the company towards copper and gold, with a view to establish new positions, consolidating current positions and monetarising legacy positions. \n \n \n \n \n \n \n Battery Metals Opportunity:\n \n In early February using our connections in Southern Africa we acquired several licences for manganese in the Kanye area of southern Botswana. High grade manganese is forecasted to play a significant role in the storage battery space. Whilst manganese is in relatively good supply, the availability of high-grade manganese gives the Kanye Project a decisive edge against other manganese projects. This project provides an opportunity in the battery metal and storage new age metal arena in a part of the world we know well. \n \n \n \n \n \n \n Kalengwa Project in Zambia:\n \n During the period we drill tested and geophysically tested several targets in the Zambian Kalengwa copper licence area. The results in general were encouraging and we have discovered an anomaly, which appears to have geological signature similar to the high-grade open pit worked in the 1970s.\n \n \n \n \n \n \n Hope Copper Gold Project In Namibia\n \n : We continued with our e...