Bezant Resources reports seven-fold jump in mineral resources at Namibian project

About this update from Bezant Resources Plc

Bezant Resources (LON: BZT) (Bezant) has released a new mineral resource estimate for its Hope and Gorob Project in Namibia, indicating a seven-fold jump in the resource. In a release on April 8, Bezant said the study also demonstrated that the project would be open-pittable. Bezant holds 70% in the Hope Project, but the stake will soon rise to 90% after the firm acquired additional shares. “The 2026 mineral resource shows a sevenfold increase in the Hope open-pittable Mineral Resource from the original 2023 estimate, which has a profound impact on the near-term development of the mine, with additional mining costs benefits accruing from a significant reduction in the strip ratio from 11:1 to 9:1,” said Bezant in the update. Reclassification of the Hope open pit resource results in 1.1mn tonnes achieving measured status, 0.5mn t indicated status and 1.4mn t inferred status. Hope’s open pit immediate life of mine increases from one to seven and a half years at a production rate of 400,000 tonnes per year feed rate into the ore sorter. 'This announcement concerning the updated mineable resource has produced a very positive outcome,” Colin Bird, Bezant executive chairman, commented. “Reduction in stripping rates amounts to significant cost saving, and the increase in open-cut mine life is very satisfying, whilst the open-cut mining tonnes will be even further extended.  All of the above leads to a very manageable operation, which is conveniently sized for the expenditure and current commitment.”© 2026 bne IntelliNews, source Magazine

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