Business
Interim Results for Six Months Ended 30 June 2025
Bezant Resources Plc reported a profit after tax of £4.1 million for the six months ended 30 June 2025, a significant turnaround from the £487K loss in the same period last year, resulting in earnings per share of 0.027 pence compared to a loss of 0.004 pence per share. The company recorded a gain of £4.1 million on the completion of the IDM Merger. Total assets increased to £9.9 million from £5.1 million at the end of 2024. The company issued shares related to the £560K fundraising and settled £249K of accrued fees. Post period, shares were issued relating to warrant exercises for £54K, and Blackstone Minerals shares were sold for approximately £179K. Disclaimer*
About this update from Bezant Resources Plc
[{"type":"text","content":"\n\n\n \n \n30 September 2025\n \nBezant Resources Plc\n(\"Bezant\" or the \"Company\")\n \nInterim Results for the Six Months Ended 30 June 2025\n \nBezant (AIM: BZT), the copper-gold exploration and development company, announces its unaudited interim results for the six months ended 30 June 2025.\n \n \nChairman's Statement\n \n \nDear Shareholders,\n \nThe period under review has been occupied mainly by all of the items that go into a final stage pre-mining planning and the obtaining of environmental applications required for the issue of the Hope and Gorob Mining Licence.\n \nOperational and corporate events in six months to 30 June 2025\nWe have now received full commissions from the Namibian Ministry of Mines to proceed with the development of the Hope and Gorob project. Currently we are re-evaluating all previous tenders to ensure that pricing is consistent with 2025 pricing. We are also, investigating ways to limit the timeline to production, which involves every aspect of the operation from mining to final concentrate production. We are in the processing of placing firm orders for key items of equipment, which could have a long lead time and thus, prejudice our target for advancing operations. \n \nWe are assessing a number of joint venture and third-party involvement in the Hope and Gorob project and will form a conclusion consistent with our finance requirements as and when appropriate. We are pushing for accelerated production. On the supply side copper concentrate shortages materialising in 2026 will be unprecedented in copper supply history. We feel that with no new copper production projects on the horizon, production at Hope and Gorob together with 17km of highly significant exploration ground will direct the trade to recognising that Hope and Gorob is an exceptional situation.\n \nDuring the period the merger between IDM International Ltd, through which we held our interest in the Mankayan copper gold project, with ASX listed Blackstone Minerals Ltd (\"IDM Merger\") was announced and completed this means we now hold our interest via Blackstone Minerals shares and recorded a gain of £4.1 million on the completion of the IDM Merger.\n \nDuring the period we issued shares in relation to the £560...