Member Info for Everycloud

Irish,

Which charity did you choose? Remember our bet?

Okay - you are 'on' but I have to concede that I have an unfair advantage so let's make it £10 and then , when it happens, you donate the £10 to an animal welfare charity of my choice.

By the way, your original assertion was that the license would not be granted until Q4 of this year. The ECC was an afterthought in your claim. However, I am that certain both will be issued that I will agree to roll the two into one bet.

So, ML and ECC for the H&G project by September 30th. Clock starts now

Mr T,

Funnily enough after I posted on here yesterday he replied- but as you say nothing of substance, it’s pointless trying to engage with the company they don’t care. The EPL 6605 is old news, it’s been active on the cadastre portal along with epl 7170 since they put out the 7170 announcement last month.

Https://valleyjournal.org/featured/2023/07/06/mankayan-lgu-cmdc-visit-fcf-minerals-for-benchmarking

https://car.mgb.gov.ph/mgb-car-joins-fpic-community-consultation/

Mr T,

I emailed Mike allardice last week regarding the license for hope and gorob, I asked what the company ultimately plans to do with Kanye since Giyani got their mining license for their manganese recently close by, i think it makes sense to just sell it to them. I asked what happened with the further assemblies regarding mankayan. I did find an article which I can’t seem to find again regarding the first assemblies back in 2023- if you search for Ronnie siapno and assemblies on Google you might find it. I haven’t received a response

Giyani mining license granted for manganese not far from our Kanye license.

https://www.reuters.com/markets/commodities/botswana-licences-its-first-manganese-mining-project-2024-09-18/

I’m suprised they haven’t raised yet- the last raise was in December so they can’t have much to play with.

Https://miningandenergy.com.na/bezant-targets-august-2025-for-hope-and-gorob-copper-project-completion/

Mr T,

I have emailed the company twice now and no response. I highlighted the awful PR as usual, I was told previously they were looking at using the Bezant twitter account but this hasn’t happened and hasn’t been updated in years. I asked for an update on the ongoing works for hope and gorob and an update on Mankayan,

Asked if Colin has any interviews planned for an update. Let’s see if I get a response

Wouldn’t surprise me to see a fundraise next now they have released ‘news’ same pattern as usual from Bezant

I bet you £1 we don’t get full license and accompanying ECC before Q4

Mr T,

Personally I can’t see the license being granted until Q4 this year or Q1 next year. Once the mining license is granted we will still need the ECC which ongombo are still waiting for after 6 months.

Mike,

Scroll down to mining license applications directly

Underneath the exploration section

Http://eia.met.gov.na/web/projects/2744

Commenting of the public on this project will expire at 12h00 on the 2024-03-26

All the documents are there in different files- topnaar consent of the project, they want 15% equity and a seat on the board, interesting that they plan to acquire the namib zinc lead mine to use the existing plant there to process the ore from hope and gorob. Not sure why the company has not announced this information. Last date for comments is the 26/03/24

A LOT of new information in the ESIA, Bezant to aquire a lead/zinc mine!

Http://the-eis.com/elibrary/sites/default/files/downloads/literature/2744_SEIA_Hope%20and%20Gorob%20Mining%20Project%20for%20ML%20246%20on%20EPL%205796%20in%20the%20Namib%20Naukluft%20National%20Park.pdf

Http://databaseportal.mgb.gov.ph/#/public/mineral-resource-reserve-inventory/2071

http://databaseportal.mgb.gov.ph/#/public/mineral-resource-reserve-inventory/2072

Http://databaseportal.mgb.gov.ph/#/public/cdp/254

Mr T,

Here is the response I received, basically just extracts from RNS as you say.

The summary below is from previous announcements but you will appreciate the Company is not permitted to brief individual shareholders though I appreciate this is frustrating for shareholders who take the time to write to the Company as you have.

Hope: We have submitted all information and plans that the Namibian Ministry has requested about the mining licence application but unlike some regulatory processes there is no fixed period by which they are required to make a decision. As indicated in the 4 December 2023 RNS negotiations are continuing with specific reference to the acquisition of existing infrastructure expected to significantly reduce upfront capital expenditure and reduce lead time to production by a minimum of 18 months. We are very actively working on the project and mentioned in the RNS the ongoing work re ore sorting test work, magnetic separation test work, characterization flotation test work, renewable power supply options and community and development initiatives and that the engineering design and costing work has enabled the company to move from a conceptual design to a generally agreed flow sheet and development strategy for the operation. We are also actively looking at financing options for Namibia. You are correct we are awaiting the renewal of EPL7170 and EPL 6605.

Mankayan: We reported on 29 September 2023 in the interims for the six months to 30 June 2023 that we are looking for this investment to be monetised either by direct trade sale or flotation on an individual or combined project basis. Bezant owns 24% of IDM International Limited which along with Crescent Mining Development Corporation the licence holder manage and are actively progressing the project and as we reported on 23 March 2023 they intend to complete a full Pre-Feasibility Studies during 2023 and 2024 with the aim of presenting the Mankayan Project as a globally significant copper-gold project which will enhance the prospects of a trade sale or floatation.

Eureka: Our strategy remains as reported on 29 September 2023 in the interims for the six months to 30 June 2023 namely to maintain the Eureka Project in good standing and seek a joint venture partner for the exploration of the Eureka Project. In this regard during the period we had an updated Environmental Impact Assessment approved which provides for environmental monitoring and a drill program encompassing 9 drill holes of 200-300 metres each.

The Directors are working on the company’s projects and like you are disappointed that the market does not value them more but AIM rules do not permit the disclosure of running commentaries on ongoing initiatives and negotiations being undertaken as the Nomad and regulator are concerned this will potentially create false markets. Again I appreciate this is frustrating for shareholders.

Mr T,

I have received a response but I haven’t had a chance to read it yet, I will share once I’m back from work later