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Hope & Gorob Copper-Gold - Mine Development Update
Bezant Resources Plc has provided a significant update on its Hope & Gorob Copper - Gold project, confirming it remains on schedule for first concentrate delivery in the second half of 2026. Key contracts have been awarded for contract mining, logistics, and plant refurbishment, with engineering design now 100% complete and 45% of work programmes awarded. Long lead time items, including a Cone crusher, have been procured, and site works have commenced at both the mine and processing plant locations. The company is in advanced stages of securing a US$7 million financing facility, with documentation anticipated to be completed in the coming weeks. Disclaimer*
About this update from Bezant Resources Plc
30 March 2026 Bezant Resources Plc ("Bezant" or the "Company") Hope & Gorob Copper - Gold - Mine Development Update Bezant Resources Plc ("Bezant") the copper-gold exploration and resource development company is pleased to provide shareholders with an update on the significant mine development progress at the Hope & Gorob Copper - Gold project in Namibia (the "Project") since completing the acquisition of the NLZM Processing Plant in December 2025. Summary of progress · The Project remains on schedule for the anticipated delivery of first copper - gold - concentrates during the second half of 2026. · Major contracts awarded including: o Unitrans Namibia Pty Ltd in relation to contract mining at the Hope and Gorob project and logistics in relation to the hauling of pre-concentrate ore to the NLZM Plant for processing; o UMS Projects SA (Pty) Ltd ("UMS") Engineering and Procurement Contract in relation to the upgrading and refurbishment of the NLZM Plant; and o Weir Minerals Pump & Mining Solutions Namibia (Pty) Limited equipment supply agreement for the supply of a 150 tonnes per hour crushing and screening equipment at the Hope & Gorob mine site. · Engineering design is 100% complete, 65% of work programmes have been put out to tender of which 45% have already been awarded · Long lead time items have been procured and are being fabricated with the Cone crusher for the NLZM Processing Plant upgrade expected to be delivered to site in early April · At the Hope & Gorob mine site construction engineering crews are on the ground and civils and earthworks have commenced in preparation for the installation of the core shed and workshop offices which have been fabricated off site · At the NLZM Processing Plant site; o UMS, the contractor managing the NLZM Processing Plant refurbishment has commenced the removal of redundant or broken equipment ready for new installations and a change of flow sheet o The NLZM tailings dam audit and rehabilitation scope of works have been completed and tenders issued for the required upgrade · Human Resources: Key p...
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