Business
Renewal of MPSA exploration period for Mankayan
Renewal of MPSA exploration period for Mankayan.
About this update from Bezant Resources Plc
[{"type":"text","content":"\n \nRNS Number : 4389P Bezant Resources PLC 29 May 2018 \n\n29 May 2018\nBezant Resources Plc\n(\"Bezant\" or the \"Company\")\n \nRenewal of MPSA exploration period for Mankayan Project, Philippines\nBezant (AIM: BZT), the copper-gold exploration and development company, is pleased to announce that the Mineral Production Sharing Agreement (\"MPSA\") No. 057-96-CAR, held by its associate, Crescent Mining and Development Corporation (\"CMDC\"), which governs the 534 hectare contract area comprising the Company's Mankayan Project, Benguet Province, Philippines, has been renewed for a standard period expiring in April 2020.\n \nThe Philippines Department of Environment and Natural Resources Administration has granted the renewal subject to customary conditions for inclusive stakeholder engagement and certain work programme commitments. \n \nLaurence Read, CEO of Bezant, today commented: \n \n\"It is a testament to the quality and diligence of our Philippines team that the exploration period for our Mankayan Project's MPSA has been renewed. The core of the Philippine Government's strategy is that 'Mining shall be pro-people and pro-environment in sustaining wealth creation and improved quality of life'. Over the course of the next two years, stakeholder engagement for the progression of our Mankayan asset will be at the core of our work on this project. I look forward to the roll out in due course of our technical and community programmes which are aimed at adding value to a project which we already deem to be world class, but which has substantial potential for enhancement.\" \n \nColin Bird, Executive Chairman of Bezant, today commented: \n \n\"This represents very good news for the Company and its Mankayan Project in that we now have some certainty and time in which to complete our project evaluation and planned enhancement work. The Mankayan cop...