Hope & Gorob Project Financing & Offtake Agreement

About this update from Bezant Resources Plc

11 June  2026   Bezant Resources Plc ("Bezant" or the "Company") Hope and Gorob Project Financing Agreement & Offtake Agreement      Bezant Resources PLC ("Bezant" or the "Company") is pleased to announce the completion on 10 June 2026 of definitive documentation for the US$7 million secured prepayment facility and offtake agreements with Hartree Metals LLC ("Hartree Metals") for the development of the Hope & Gorob Copper Project in Namibia (the "Project").    Under the financing agreement, Hartree Metals has provided a US$7 million secured and convertible finance facility ("Facility Agreement") to support construction of the Hope and Gorob mine site and commissioning activities at the NLZM Processing Plant in Namibia and under the offtake agreement will purchase 100% of the copper concentrates produced for the life of the operation from Hope & Gorb Copper Project at market terms ("Offtake Agreement"). Production at Hope & Gorob is expected to commence Q3 2026, with monthly shipments scaling progressively as operations ramp up.   Colin Bird Executive Chairman of Bezant commented: "We are pleased to announce the completion of the prepayment Facility and Offtake Agreements the intent of which was announced on 31 October 2025.  These agreements correspond with our expectations and timing and also commences what we hope is a significant long lasting relationship within the Bezant Namibian asset base.  During the due diligence and documentation phase, Bezant has continued to construct the Project and at the time of this announcement is on time and on budget towards a third quarter 2026 concentrate production.  We will in the normal course of business keep shareholder advised on progress and if appropriate revised time for concentrate production commencement."   Hope & Gorob Implementation Plan  As outlined in the Company's circular for the General Meeting dated 8 December 2025, the implementation plan for the Hope & Gorob Project is on  two separate sites, firstly, the Hope and Gorob mine, the site of the copper - gold Mineral Resource where run of mine ore will be crushed and waste separated from mineralisation using a multi-sensor dry ore sorting process and secondly, the NLZM Processing Plant where an existing flotation plant, which was under care and maintenance i...

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