Member Info for Irishdemon

By: Staff writer of Eagle FM just a few weeks back

A decision from the Ministry of Mines and Energy regarding the Hope and Gorob mining licence application ML 246 remains pending, Colin Bird, executive chairman of Bezant Resources, said last Friday.

“Exclusive Prospecting Licence 5796 has been extended to 19 October 2024. EPL 5796 is the licence within which the area of mining licence application ML 246 has been made,” Bird said.

He said further work on the drill core generated during the most recent programme to test near-surface mineralisation has been completed and the new database is under review by external resource consultant Addison Mining Services with a view to generating an additional open pit Mineral Resource Estimate in Q2 2023 to complement the existing underground resource.

“Personnel familiar with the Matchless Belt geology and in particular the Hope and Gorob style of mineralisation have been recruited to manage the next phase of exploration to test the balance of the known and projected strike length and other defined targets. Exploration will focus on additional drilling and it is aimed to commence this programme in Q2 2023,” he pointed out.

Bezant acquired 100% of Virgo Resources Ltd and its interests in the Hope Copper-Gold Project in Namibia. Virgo, through its 100% owned Australian subsidiary Hepburn Resources Pty Ltd (ACN 624 189 162), owns 70% of Hope and Gorob Mining Pty Ltd incorporated in Namibia which owns EPL5796, and 80% of Hope Namibia Mineral Exploration Pty Ltd Incorporated in Namibia which owns EPL6605 and EPL7170. The balance of the project is held by local Namibian partners.

On 9 August 2022 Bezant announced it had submitted a mining licence application for the Hope-Gorob copper-gold project area to the Namibian authorities.

The mining licence application is based on an updated Scoping Study completed in May 2022 by external consultants incorporating historic mineral resource estimates which did not yet include additional near-surface copper-gold resources generated by the Company’s shallow drill programme completed in early 2022.

The Scoping Study indicated that the potential for the development of a surface and underground copper mine exists at the Hope and Gorob deposits and recommended completion of the additional work required for optimisation of mine development plans including the work necessary to obtain granting of environmental permits.

The Scoping Study also recommended that further exploration work continues to fully define resource potential at these deposits.

The recently completed shallow drilling has continued to extend the strike and up-dip extension of mineralisation at both the Hope and Vendome prospects. The new drillholes have added more than 1.5km to the mineralised strike length, with the potential to add significantly to the previously estimated mineral resource.

Further information and the up to date position for H&G is reviewable at : https://www.eaglefm.com.na/news/bezant-resources-updates-on-hope-gorob-project/

I agree it is not easy to follow these applications as MLs and EPLs overlap and get updated and changed with new applications !!

H&G will get approved and there is a substantial mineable reserve despite what some idiots claim

Fo clarity, ML 246 became invalidated when they submitted an extension application in September, 2023 for an expansion of the mining zone. So, you were technically correct but not currently so. A new ML is required.. Then the ECC.

Look, clown. Here is your posting from 24th May

The price of copper is irrelevant if you don't actually have any copper and don't have much prospect of acquiring any.🤪

What I have now shown you, dimwit that you are, is there is a JORC (2012) certified copper resource at H&G, shallow and mineable once the permit arrives. That will be very soon.

Perhaps you should do your research a bit better before posting utter rubbish !! The SEIA and EMP ( know what they are ?) were approved last month and the final furlong is now entered for the ML to be issued.

There is no Mining Licence only EPL 5796. What Clon has to do with I have no idea !! Wake up Willy !!

Atom is clearly sick and an amateur. We should sympathise not chastise !! Back to the Lego/Leggo !!

You are clearly a very troubled and sad individual. I feel for you - sort of !!

'Not sitting right' ? What a pathetic statement from a market ignoramus. Go and play with your Leggo bricks.

Who knows ? Their investment decision may even turn-out to be a wise move.

You have a point but I cannot comment any further apart from urging a little more patience and to ignore the usual garbage posters like RMc. That said, they are amusing and I will post further in due course once I can do so.

Pretty simple really. The seller is clearly not one of the placees !!!

Your words. Not mine 😀

I wish I could believe that and I wish I could reveal more. Ah well, I am relaxed whilst others are not. I wonder why ?

Another ignoremus

You really are not very bright or informed are you ? Try accessing the web site and the JORC ( 2012) statements independently verified. It cannot be snapped up by the 'big boys' as you put it for a host of reasons not least because the owners do not what to sell !!

I agree so long as Diane Abbott is not involved !!

Settle down. This will happen.

5M NOT 500M !!

A very misleading exemplar. For what motive, I can only speculate. Best stay quiet if you are this ignorant.

You are correct. I am super-confident but ethics and professional reasons preclude me from providing details that lie outside the market rules.

What I can say is the SEIA and EMP have been approved by the Ministry and the ML is awaited so the application is right at the end of the line .

I doubt that yesterdays' moves have anything to do with the ML being approved . More likely the very positive article on Hope and Gorob published at the start if this week but which went largely unnoticed.

Keep the faith. It will be rewarded in time. Timing could not be better with copper becoming the new gold !!