Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksBezant Res Share News (BZT)

Share Price Information for Bezant Res (BZT)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 0.022
Bid: 0.019
Ask: 0.025
Change: 0.001 (4.76%)
Spread: 0.006 (31.579%)
Open: 0.021
High: 0.022
Low: 0.021
Prev. Close: 0.021
BZT Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

TRADING UPDATES: URA orders Gravelotte parts; Kefi sustains progress

Wed, 06th Sep 2023 15:40

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

----------

URA Holdings PLC - Africa-focused mineral exploration company - Says significant progress has been made at Gravelotte, its 74%-owned emerald mine in South Africa. Orders have been placed for a custom-made optical sorter following the completion of test work at Angelon Electronics Co Ltd in China. Notes that the costs for an optical sorter from Angelon are significantly cheaper than the costs of one from Germany. A primary crusher and primary sizing screen with associated conveyors and dewatering pumps, are all in the process of being sourced, acquired and installed into the current circuit. Says trial mining and processing activities could potentially re-start as soon as six to eight months from September, subject to schedule.

----------

Alien Metals Ltd - Australia-focused minerals exploration and development company - Says that exploration review of Pinderi Hills in Australia confirms potential for nickel and copper. Near surface results at the site include 5.2 metres at 2.1% nickel, 166 ounces of silver per tonne. Alien Metals plans to undertake focused exploration activities on additional base metal targets, and has commissioned detailed aerial reconnaissance over the Pinderi Hills area. Chief Executive Officer Troy Whittaker says: "Whilst our priority remains the development of the Hancock iron ore project, it is pleasing to see the detailed work by the geology team to continue focusing on valuable nickel, copper and other base metals targets that have been overlooked by previous explorers. The Elizabeth Hill silver mine is part of the greater opportunity the company must make in identifying significant new discoveries in the unique multi-commodity, mineral-rich province of the Pinderi Hills."

----------

Atlantic Lithium Ltd - Sydney-based, Africa-focused lithium exploration and development firm - Receives further assay results from the resource and exploration drilling programme underway at the Ewoyaa lithium project in Ghana, West Africa. These show high-grade infill drill intersections at the Ewoyaa South-2 deposit, designed to convert inferred to indicated resources. Additional intersections are reported at the Kaampakrom Ewoyaa Main and Ewoyaa North-West deposits, also outside of the current resource. Executive Chair Neil Herbert says: "A total of 18,500m of infill, extensional and exploration RC drilling has been planned for 2023. These programmes are intended to grow and improve the confidence of the Ewoyaa Resource, in turn, improving the economics of the project."

----------

Bezant Resources PLC - Botswana-focused copper and gold explorer and developer - Notes positive results of Phase Two metallurgical testing carried out by Wardell Armstrong International on a sample from its 100%-owned Kanye manganese exploration project in Botswana. Testing showed that both grind size and leaching temperature had minimal influence on the final manganese recovery. Says the Kanye manganese deposit demonstrates an excellent overall manganese recovery using moderate leaching conditions compared with benchmarked projects. Further metallurgical test work will be considered at a later stage of project advancement.

----------

Kefi Gold & Copper PLC - Ethiopia-focused gold and copper company - Completes 13,000 metre drill programme at Jibal Qutman in Saudi Arabia. Trenching and diamond drilling to identify additional resources is ongoing, while metallurgical test work has been completed on oxide ore. Meanwhile, at Hawiah, the ongoing infill and expansion drilling campaign "continues to yield positive results". The programme is designed to upgrade the resource classification to allow for further ore reserves definition.

----------

Savannah Resources PLC- London-based lithium development company - Lauds progress at its Barroso lithium project in northern Portugal. On the topic of commercial arrangements, says it is in a strong negotiating position and has yet to commit to any offtake arrangements. Adds that, following the endorsement of the project by the Portuguese environmental regulator, the level of strategic partnership interest in the project has "notably" increased. Savannah is currently working to identify a shortlist of potential strategic partners which are willing to assist with the financing of the project's construction. It expects to provide an update on the project's commercial arrangements towards the end of the year.

----------

Severfield PLC - North Yorkshire, England-based structural steel group - Says that trading in the first five months of the year is in line with expectations, and that its cash and balance sheet position remains strong. Adds that it is pleased with the " continuing high quality of the UK and Europe order book", which was GBP479 million on September 1, down from GBP510 million on June 1. Is continuing to see some large project opportunities in the UK and in continental Europe, supported by the recent acquisition of Voortman Steel Construction. In India, the group's order book has increased to GBP170 million in September from GBP139 million in June. Looking ahead, says that the outlook "remains positive", and that "our businesses are well-positioned".

----------

By Holly Beveridge, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
17 Nov 2015 11:25

Bezant Swings To Loss As It Works On Philippine Sale Or Partnership

Read more
16 Nov 2015 08:50

Bezant Resources Secures Option Over Colombian Licences (ALLISS)

Read more
27 May 2015 07:23

Bezant Slashes Wages To Preserve Cash As Mankanyan Talks Delayed

Read more
30 Mar 2015 10:38

Bezant Struggling To Find Partner Due To Philippines Tax Proposal

Read more
11 Nov 2014 10:56

Bezant Resources Makes A Profit On Mankayan Option Payment

Read more
5 Nov 2014 15:08

Bezant Resources sees cost savings at Philippines mine

Copper-gold explorer Bezant Resources has unveiled lower costs for a project in the Philippines, boosting its shares. Bezant said a financial and technical review had shown that it could reduce costs at its Mankayan scheme by $307m, compared to a study completed in 2011. The report also showed that

Read more
5 Nov 2014 13:00

UK MIDDAY BRIEFING: M&S The Top Performer As Equities Rise

Read more
5 Nov 2014 12:26

UK WINNERS & LOSERS: Stock Spirits' Warning Sends Its Shares Crashing

Read more
5 Nov 2014 08:29

Bezant Resources Soars As New Report Shows Better Economics For Mankayan

Read more
24 Sep 2014 10:58

Bezant Resources Gets Cost Reduction Recommendations For Mankayan

Read more
2 Sep 2014 07:26

UK MORNING BRIEFING: Weir Group Leads Firm London Market On Upgrade

Read more
2 Sep 2014 06:49

Bezant Resources Appoints Non-Executive Chairman

Read more
11 Aug 2014 09:57

Bezant Resource Opposed To Reported New Philippine Mining Proposals

Read more
23 Jun 2014 09:39

Bezant Resources Gets Positive Results From Eureka Project Tests

Read more
26 Mar 2014 12:20

Bezant Resources Pretax Loss Flat, Decides To Scale Down Argentinian Exploration

LONDON (Alliance News) - Bezant Resources PLC Wednesday said its pretax loss was largely flat in its first-half and that it has decided to scale down operations in Argentina. The natural resource exploration and development company, with operations in the Philippines, Argentina and Tanzania

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.