London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Hmmm, .... looks like we a tag team! Lol
apple from banana ignore the troll
Applegarth and Orangeit
I'll refer as Apple and orange.
I think orange means delay, but he doesn't realise Coronavirus probably delayed it further. as for the total $17.5M to Bezant will come. only matter of time.
I'll see if I can get a article on that
Orange from apple
that seems very delayed at this point and not looking promising.
===
HOW do you know that...are you privy to info we don't have...
•¿•
The Philippines
In November, Bezant Resources PLC (LON:BZT) completed the sale of 80% of its stake in the Mankayan copper and gold project in the Philippines to Singapore-based company Mining and Minerals Industries Holding Ltd (MMIH).
MMIH has itself previously entered into a separate agreement to vend certain mining assets in the Philippines to China Hongxing Sports Limited (CHX), a public company listed on the main board of the Singapore stock exchange.
The consideration payable by MMIH comprises an initial funding package of US$2.25mln, plus further funding of up to US$5.5mln subject to the renewal of licencing agreements with the Philippine government.
MMIH will also issue of USS$10mln of shares in CHX to Bezant.
Coronavirus delayed the listing plans for MMIH, and Bezant Resources is currently awaiting the reinstatement of the process.
thank you, Orangeit
I was confused with the dollar sign in then the shares mentioned.
now it makes sense $10M dollars worth of shares, that's better than cash actually because it has chance to increase in value.
GLA
I've added another couple of mill today. Nothing has changed relative to BZT the last few days just the general market sentiment took a dip the last couple of days., I'm happy to keep adding, as one bit of decent news and we won't be seeing these levels again.
orangeit
this doesn't make sense $10M Shares.
you suppose to to say shares worth $10M, right?
orangeit
just need to clarify the $10M, and anyone can answer
They just sold the hell out of the tiny rise again.. oh well...
Applegarth
excuse my ignorance, but I is Bezant getting $10M from China hongxing Sports Ltd?
Applegarth
MMIH $10M to bezant?
please explain, I'm not getting this
New investors DYOR here...
April 2020 Bezant also bought a 30% stake in the Kalengwa project.
The Philippines
In November, Bezant Resources PLC (LON:BZT) completed the sale of 80% of its stake in the Mankayan copper and gold project in the Philippines to Singapore-based company Mining and Minerals Industries Holding Ltd (MMIH).
MMIH has itself previously entered into a separate agreement to vend certain mining assets in the Philippines to China Hongxing Sports Limited (CHX), a public company listed on the main board of the Singapore stock exchange.
The consideration payable by MMIH comprises an initial funding package of US$2.25mln, plus further funding of up to US$5.5mln subject to the renewal of licencing agreements with the Philippine government.
MMIH will also issue of USS$10mln of shares in CHX to Bezant.
Coronavirus delayed the listing plans for MMIH, and Bezant Resources is currently awaiting the reinstatement of the process.
Argentina
Bezant also a small project in Argentina at Eureka where work is underway on environmental permits, which should be completed in the second quarter.
Here, like Mankayan, Bezant is looking for a partner to take the project forward.
In April, Bezant made a move into Zambia, where for a spend of US$200,000 it has an option over the Buffalo copper project.
A review of the historic data and site visit suggests that the steeply-dipping target shear zone is open at depth and to the southwest into the Buffalo hill.
Mapping of the pit and surrounding area is now planned alongside sampling and trenching, which might lead eventually to a drill programme.
One of the key elements of this further work will be to compare the data obtained from the site visit with the known characteristics of the existing mining operations in the region, said Bezant.
New investors...abother read. DYOR here...
BZT
https://www.proactiveinvestors.co.uk/companies/news/927789/bezant-resources-raises-625000-to-fund-exploration-in-namibia-and-zambia-927789.html
??????What it owns: Zambia
The Buffalo copper-gold project in Zambia comprises approximately 398 hectares and is located approximately 300km north west of Lusaka and accessed by a 150km gravel/dirt road from Kasempa.
The project is within the Zambian iron oxide copper gold belt.
Historic third party reports note that the Buffalo copper prospect was ?rst identified in 1899, through outcropping mineralisation on the side of a small hill. During the 1920s, pitting, trenching, tunnelling and crosscutting were carried out into the hillside. This work reportedly discovered a high-grade copper zone at the base of the hill. Further trenching was undertaken in the 1960s followed by the drilling of four diamond drillholes. The best drill intersection obtained was 28 metres at 1.07% copper, including six metres at 1.87% copper. No gold assays were recorded.
Limited small scale mining is taking place in the project area on obviously visible ore outcrops. After extraction, the ore is hand sorted to further upgrade the ore.
The mineralised zone in the open pit trends northeast-southwest and is more or less vertical with mining advancing into the hillside towards the southwest where the zone can be seen to continue. This continuity was not recognised by previous explorers due to near-surface leaching of copper mineralisation. The mineralised zone is 15-20m wide, with a central high grade core about 3-5m across. A composite grab sample from blasted ore material was collected recently by Bezant and tested at the Geochemical Analytical Laboratory at the University of Lusaka School of Mines. This sample assayed 3.17 per cent. Cu and 0.97g/t Au, along with minor silver and trace cobalt.
Under a memorandum of agreement with KPZ International Limited Bezant has been granted a conditional option to acquire a 50 per cent interest in Buffalo for US$200,000. The timetable allowing the company to evaluate Buffalo has recently been extended.
In April 2020 Bezant also bought a 30% stake in the Kalengwa project.
The Philippines
In November, Bezant Resources PLC (LON:BZT) completed the sale of 80% of its stake in the Mankayan copper and gold project in the Philippines to Singapore-based company Mining and Minerals Industries Holding Ltd (MMIH).
MMIH has itself previously entered into a separate agreement to vend certain mining assets in the Philippines to China Hongxing Sports Limited (CHX), a public company listed on the main board of the Singapore stock exchange.
The consideration payable by MMIH comprises an initial funding package of US$2.25mln, plus further funding of up to US$5.5mln subject to the renewal of licencing agreements with the Philippine government.
MMIH will also issue of USS$10mln of shares in CHX to Bezant.
Coronavirus dela
Very encouraging positive video. I have listened to this one before but always worth another listen
anyone missed this interview with CEO,
link is there
https://youtu.be/7NxbyyIUkyU
CEO wants copper district, not copper mine. that's vast area we talking here. 150km let this sink in!!!