Member Info for news

Bloomberg has published 2 more article on Bolivia lithium today, Tues, 29 June 2021.
It is the same article as Creamer*s also today*s.

However, there is an ADDITIONAL bit of info in the Bloomberg article just out:

"Bolivia has called for BIDS to test direct extraction techniques or DLE, with the WINNERS scheduled to be ANNOUNCED in the COMING WEEKS j u s t as the state lithium co & their PARTNERS WRAP UP WORK ON PROTOTYPE P R O C E S S I N G and battery plants..."

[Additional info starts with "just as the state lithium co and their partners wrap up work on prototype p r o c e s s i n gs.."

FROM A PREVIOUS CLONTARF RNS:
"The lithium brines P R O C E S S I N G work has continued with TECHNICAL DISCUSSIONS. We have a steadily deeper understanding of the issues and technical PARAMETERS and hope to incorporate THESE IN THE FINAL AGREEMENT." The rest of the CLON RNS gives more details about Bolivia*s lithium.

Link: https://twitter.com/djp4976/status/1409965595093839874 Tues, 29 June 2021
[Screen shot shown of the Bloomberg article and the Clontarf said RNS]
Attribution and thanks to the djp4976.

Comment:
In answer to the previous comment below this post from Zzippy, it is generally known that licences in themselves are NOT costly. Example , Rio Tinto*s world class WINU copper and gold discovery in Paterson, Western Australia is believed to have cost A$60,000 or £35,294. The story was reported that after the group found mineralisation, they quickly got their credit cards together and applied for the licence on behalf of Rio. It would have taken too long to have gone back to HQ to put in the application. I have heard of other applications which cost less in Australia in other cases. I am NOT privy to the details here but as far as I am aware of an interview by the CEO with Proactive Investors in 2019, Clontarf have Chinese partners? Kindly check if interested. I am sure that further details will be forthcoming SHOULD Clontarf be one of the said winners. Kindly note that it is easier to buy a stock which already has a licence to a deposit but one will also understand that such co*s do NOT have mkt caps of some £3m like Clontarf. Just to make clear given it is obvious.

Creamer Mining Weekly, Tues, 29 June 2021:
"BOLIVIA has called for BIDS to test direct lithium extraction techniques or DLE and WINNERS scheduled to be ANNOUNCED in the COMING WEEKS."

Link: www.miningweekly.com/article/lithium-nationalism-is-taking-root-in-region-with-most-resources-2021-06-29 2 hrs ago, 29 June 2021

My Comment:
As folks know Clontarf has issued an AGM RNS recently to say that they hope to be part of the Bolivian lithium story [para phrased] etc.

The above news out does confirm that bidders have been invited and given Clontarf*s said RNS, one should know shortly what the BIDDING results are.

So, all factual.

Clontarf *s mkt cap at some £3m region is one of the smallest mkt caps in the London lithium space and therefore it is a risk vs reward situation. Clearly, one hopes for the best given the results if they relate to the bidding of lithium licences in Bolivia are the same as the DLE???

MMA_Hemp
You may also care to know that the last RNS [BZT] relating to Mankayan mentioned that the matter is with Spore Counsel. The termination of the MMIH JV deal [RTO of AsiaPhos] was dated 8 Apr 2021 [BZT RNS]. On 15 Apr 2021, the Philippines LIFTED the mining ban. Hope you are aware of the official BZT RNS as stated above.

MMA_Hemp
In answer to your comment, Mankayan is NOT OPEN PIT. Evidence? Type into the search engine:
Bezant Resource Mankayan Economic Study 2019. I dont have the link with me right now although I have posted it before. This was done by Laurence Read, CEO, Bezant wherein 3 scenarios were shown and ALL of them have to do with BLOCK CAVE.

I was aware that Duterte may shortly LIFT the open pit rules but this relates more to TAMPAKAN NOT Mankayan.

In the Philippines, I have posted before that suggests that there are nearby mines utilising block cave and they can be as cheap as open pit there?

Hope that helps.

Sat, 19 June 2021
DYOR

------------------D.LENIGAS: Valereum----------
Mr Lenigas bought into Valerum PRIOR to the change of name. Mr Poulden who founded VLRM, former name PCGE is also Australian . It was listed on Acquis and only today, it is open on HL but not live price ie have to execute fill or k.

An old-timer on these forums at London South East just tweeted that VLRM has gone up
5 9 T I M E S.

As good as Mr Lenigas*s REM at X 60 TIMES.

Link: https://twitter.com/SteveStubbsy1/status/1405101550586957824 Thur, 17 June 2021

Just shows that one has to CHOSE the right horse ETC. Posting for historical as a success for DL and those who managed to buy at Acquis.

P.S.

Mankayan [Bezant Resources] LICENCE comes up for renewal sometime 1st week or so, NOVEMBER 2021 for some 25 years.

Quote:
"Philippines: Soon to be published DENR Administrative Order [DAO] A U T O M A T I C RENEWAL OF EXPLORATION PERIOD."

Source: "New policy sets mining exploration period*s Automatic Renew."- 8 June 2021, pna.gov.ph

Link: https://twitter.com/LondonAIMCap/status/1403393954809270272

CLONTARF ANNUAL REPORT 2020
RNS 19 May 2021
& 7 June 2021: Posting of Annual Report and AGM.
Link: https://clontarfenergy.com/company-news/

-------------CLONTARF ANNUAL REPORT 2020 {RNS 19.5.21 & 7.6.21]-------
Link: https://clontarfenergy.com/wp-content/uploads/2021/05/Clontarf-Energy-Annual-Report-2021.pdf

C O V E R & CAPTION IN CAPS:
"BOLIVIA HIGH GRADE / LOW IMPURITY SALE LAKE."

CHAIRMAN*S STATEMENT:
"We have brought skills to the country & believe we can work together to develop the lithium industry. It will happen and WE WOULD LIKE TO BE PART OF IT."

{{Attribution and thanks to tirnaog below for pointing out the PICTURE ON THE COVER OF THE CLONTARF ANNUAL REPORT 2020 WHICH HAS JUST COME OUT SHOWING THEIR BOLIVIA area applied for. Clontarf said they are going for the HIGH GRADE & LOW IMPURITY area in the Bolivian salt lakes for lithium.
====
ARTICLE JUST OUT YESTERDAY FROM BOLIVIA, 14 JUNE 2021
Link : https://twitter.com/klonokid/status/1404803453503873026
"Lithium: Maple says the industrialization is accelerating- Money Bolivia."

"International CALL for DIRECT extraction of LITHIUM to which 19 COUNTRIES HAVE APPLIED... Europe, Latin & North America, Russia, Italy, Germany, USA & Argentina..."

Comment:
A/c to the article it mentions the President of Bolivia and his tweet etc. We, shareholders have been informed that Clontarf has applied for the said Bolivian lithium project ie NOT the general salt lakes ie major area but the high grade area. The size of the salt lakes is huge.

GIVEN 19 COUNTRIES HAVE APPLIED, THE RESULTS WOULD BE KNOWN SHORTLY including for Clontarf*s application which would or could come under Europe.

Tues, 15 June 2021
Given Clontarf*s mkt cap of £3m @0.34/0.35p, it considered speculative. One hopes for the best as with all the others?

Q: Why are SWISS ["FUNDERS"] & JAPANESE co*s interested in Philippines mining per the above article plus others?

Answer:
CASINO COPPER & GOLD, YUKON, CANADA
"960 Mt of proven and probablle mill ORE reserves :
8.9 MOZ GOLD
4.6 bn LBS COPPER."
Link: https://www.mining-technology.com/projects/casino-project-yukon-territory/
Mkt Cap of co: C$395 MILLION. Rio Tinto has taken a $8million investment in the Casino project.

MANKAYAN - Bezant Resources, Philippines.
MMIH Updated 2012 JORC:
9.6 MOZ GOLD
2.8 MT COPPER
20 MOZ SILVER"
Bezant Resources: 0.27p, MKT CAP £11 million.

Comment:
It is well known that Swiss funders in the past go to Africa [plus Germans & Japanese] to BUY diamonds straight off from diggings with cash. So, where there is money to be made, the above are interested. So, why Phillippines is attracting interest per article? It is about COST of mining. The Casino project is expected to need capex of some $2.5 BILLION. Laurence Read, CEO of Bezant did the 2019 Economic Study with 3 scenarios starting from higher production at some US$1.1 billion capex [capital cost start-up] down to some US$500m%+. There is comment from Seeking Alpha that Casino could raise capex VIA STREAMING royalties ie funders provide $$ in return for % royalties. So, looking at the RESOURCES of Mankayan & Casino, it compares favourably. HOWEVER, THE COST FOR MANKAYAN IS US$1.1B OR $500M+ VS CASINO $2.5 BN.
So, for that reason, the above are going to the Philippines given the resources etc.

DYOR.
Tues, 15 June 2021
Given Mr Colin Bird , Executive Chairman, Bezant Resources reads his share forums, I am sure he is cognisant of this ie that MANKAYAN is a world class project and stated to be TIER 1.

contd:

"Offshore Mining Chamber of the Philippines [OMCP] said it has been receiving many expressions of interest from MAJOR WORLD PLAYERS in offshore mining to explore opportunities in the country...FUNDERS FROM SWITZERLAND ..& some professionals from SINGAPORE, EUROPE & AUSTRALIA ACCREDITED under JORC AND VALMIN."

Others are from Spain, Japan etc.

Ref: Title above.

"O

"Several offshore mining co*s from SWITZERLAND, AUSTRALIAN, JAPAN AND OTHER COUNTRIES have expressed interest to invest in the Philippines following President Deuterte*s lifting of the country*s 9 year ban on new mining projects."

Link: https://mb.com.ph/2021/06/14/foreign-mining-firms-warm-up-to-investing-in-ph/ 14.6.21

Have to click post as the page is freezing. Kindly read the full article if interested. If the link is faulty, call up the title. Looks like what Mr Colin Bird, Executive Chairman, Bezant said in his last recent interview that "there is NO shortage of suitors" appears correct now as confirmed by Manila Bulletin of 14 June 2021.

Mr Triumph,
Its good to know that shareholders have had a fruitful discussion about Mankayan.
Yes, I own shares in BZT. However, I do not tend to join groups. I knew about Mankayan from a long time ago ie days of Laurence Read. However, I did not post on this forum although I did look in from time to time. The chap in charge had a heart do from this stock from what I gather? Hence, I thought I would make it clear what Mankayan was all about and it took a while to bring in lots of backup data/info. Given everyone knows or has an idea, it is time to progress this matter which is up to what everyone wishes to do.

I tend to conduct in a more transparent way so that EVERYONE sees at the same time what is being discussed. Otherwise, it is from one group to this forum and then back and forth again.

One will now have to wait and see. In my own personal life, I find that bringing matters at a lower level means that they do not have the mandate to make decisions. One cant blame them as the top have NOT given the lower management powers to make decisions of significance.
However, in the USA, it is different. In one authority, Counsel gets back to one*s enquiry at a regulator. In fact, they are very helpful in that they are not just typing out from a pre-forma script. After all, they are there to safe guard the public etc.

Hope that explains matters now as I take my leave with thanks.

News, Wed 9 June 2021.

Last post on the matter of MANKAYAN TIER 1 BZT] & GETTING IT BACK FROM MMIH:

I have just read on Proactive UK with news just out today that one London listed mining junior has filed a claim against Poland for £806 million for the value of their coal project + profit etc. Proactive has said that the shares of this co had a mkt cap of £29.69m PRIOR to this news.
On release of this news it has risen 42.3% at 18.5p with a high of 22p. The co*s headquarters is in Australia. By claim in Court would mean International Court of Arbitration.

---
So, in the same way, BZT would have to make a decision given there is a TIME LIMIT to file a International Arbitration case in Spore again MMIH for the non-return of a Tier 1 Mankayan asset with a JORC. It will start at the point of termination ie 8 Apr 2021 when legal time starts ticking.

So, no 2 ways about it except via the regulator given there is NO TRIBUNAL FOR FINANCIAL CO*S as it is under the authorities. MMIH has NOT RTO Mankayan as per agreement NOR PAID FOR IT which means that it needs to be progressed.

Wed, 9 June 2021

So, await news.

contd
One poster on this forum gave the name of the lady who profile and c.v was given. This is Tony Manini*s co in Indonesia. Manini *s co with the favourable copper climate [plus gold] is now going into PRODUCTION. One or two have not had such a outcome. Same for the Alpala project in Ecuador and again, the open profile and C.v given in the RNS of the co.

1noise : Your post hits the nail on the head - YES, co*s now hire A SKILLED INFLUENCER. From the two profiles and C.V of the 2 ladies hired by Manini and Mather, they appear to be able to negotiate through the maze of business etc.

As for your point of "saving face", I am not sure that I can quite agree 100%. If one can do it that way ie direct without taking a "PROCEDURAL STEP", then yes, that would be ideal. It is more diplomatic this way. For this to happen, then it has to be someone whom the regulator would take a call from. Otherwise, there needs to be a formal "PROCEDURAL" approach and there is no running from that. If the co was a normal one, then the International Tribunal located in Spore beckons.

I could never quite understand how Mankayan was not understood. Hence, I had to REPEAT several times to bring this point forward. On the Canadian forums, they are brief because they all understand the nuances of valuation on which the market assesses exploration and mining co*s.

For that reason, i had to bring more examples of Tampakan, Silangan and King King vs Mankayan to give a perspective of size, grade etc [plus NPV, capex, IRR] in order to better understand the value.

Given that Mr Bird may want to list Mankayan on the ASX, then it would require the same skills that Manini and Mather have thus employed in order to keep engagement open.

That is my perspective of the way things are done and from empirical. This is also happening on the ground.

I think things are clearer now that prickly has told us shareholders what Mr Bird has told the group. However, in terms of procedure, often groups are the most passionate about their co and therefore, it must be put to them to progress the asset.

Mr Bird said he wanted to let Australians know about Bushranger. On open Twitter [transparency] I tweeted the RNS to all the various news agency including specialist mining news sites including MINING JOURNAL who took up the story. So, I believe in active investing and not sitting and hoping for the best. Nothing gets done this way.

Wed, 9 June 2021

------------- PROCEDURAL : MANKAYAN TIER 1 BEZANT RESOURCES----------------
Last night, I posted the email of the MD of the Spore Monetary Authority [MAS] which is on open file. No one has posted from BAG*s, the investor group for Bezant Resources since.

If MMIH was an ordinary co, the PROCEDURE would be to take them to the Spore Tribunal which one Australian co did and won. The Australian co also won substantial damages. It is fair to say that if one went into a Spore 5 star or 4 star hotel and order an expensive meal as well and decided NOT to pay, then they know what is forthcoming. So, something that EVERYONE understands ie at the point of sale/agreement , things have to be PAID for {Law of Contract].

We, shareholders have learnt from prickly, the Head of BAGS3 that it would appear that MMIH may not be forthcoming with the immediate return of Mankayan with a Value-In-Situ of US$ 4 8 BILLION given time is passing each day. If MMIH could have RTO*ed into a Spore co ie AsiaPhos, then of course Mankayan would have been listed there. Even at this time, MMIH could inform that they have MADE PROGRESS now that COVID has eased and they have the RTO process in place with a date and more IMPORTANTLY for the RTO listed co in Spore to RNS/ANN it. But as yet, nothing.

Given that BAGS3 has NOT said anything, then the PROCEDURAL will be for Bezant to take this matter further LEGALLY , which is implied by BAG3 as coming from Mr Colin Bird, Executive Chairman of Bezant Resources.

Already, Mr Bird has informed via an RNS [BZT] that the matter was with SINGAPORE COUNSEL [legal]. If MMIH was a company, then yes, there is no other procedure except the SINGAPORE TRIBUNAL which is the authority in such cases. I cited the Australian co and gave a link to the co*s outcome of success as said above.

However, as MMIH is OFFICIALLY REGISTERED AS UNDER "FINANCIAL SERVICES" and "Sub-Category "ASSET MANAGEMENT", this appears to suggest that they are UNDER THE "REGULATOR". They hold assets on behalf of other people etc as stated.

Therefore, the PROCEDURAL is TO TAKE IT TO THE REGULATOR in this case the SPORE MONETARY AUTHORITY [MAS] or such authority if there is another sub-category. Why? MMIH appears to be HOLDING Mankayan in trust and it is covered by an agreement which has NOT been legally fulfilled. Moreover, AsiaPhos which is SPORE LISTED HAS PRODUCED AN RNS/ANNto the Spore Stock Exchange to CONFIRM that THE RTO OF MMIH INTO ASIAPHOS HAS BEEN TERMINATED - the primary asset was MANKAYAN [80%].

It would appear that perhaps BZT would now hire a specialist legal Counsel to take this forward to the Regulator who is the person in charge of such matters CONCERNING FINANCIAL REGISTERED CO*s. That is my perspective. The law firm [pre-eminent] is LEE & LEE , the law firm of the former PM.

In places like Indonesia and even Ecuador, London listed co*s hire specialist Indonesians. I have mentioned this before on this forum and one poster ev

------------------EMAIL OF MANAGING DIRECTOR OF SINGAPORE MONETARY AUTHORITY-----
" Ravi_MENON@mas.gov.sg " [On open file]
This will be the person to email directly relating to Bezant Resources TIER 1 MANAKAYAN ASSET WITH A VALUE-IN-SITU CURRENTLY AROUND THE US$ 4 8 B I L L I O N REGION given the current prices of copper and gold which is validated by an official Updated JORC 2012.

I also forgot to mention that it has to be made known to the Monetary Authority of Singapore that ASIAPHOS is a Singapore listed co [Singapore Stock Exchange] and therefore the regulatory news service [RNS/PR/ANN] is on file and record for an easy overview of this RTO termination with MMIH relating to the said Mankayan assets of which there is on file ,an OFFICIAL VALUATION for Mankayan.

Bear in mind that just with a JORC of 2004, Goldfields could make an offer of US$70m then, paying US$9m in a non-returnable deposit which was distributed to shareholders in part.

It is time to do something. As I have said, if ONE telephones a big name and one cannot get through, then it is time to CONTACT SOMEONE AS AN ADVISOR who can telephone BIG NAMES AND GET THROUGH to convey what is happening.

In business, there is no place for being timid and not doing something constructive and positive to move this Tier 1 asset forward.

I think the time has come for MMIH to return the asset with immediate effect. From the profiles on their website, it is NOT just their FINANCIAL LICENCE AT RISK given NON-RETURNING OF SUCH A VALUABLE TIER 1 ASSET which has a Value in Situ of U S $ 4 8 BILLION will NOT BE TOLERATED in that country who wishes to keep their international reputation and they have done so effectively without fear or favour. Any financial firm that is REGISTERED has to return an asset of such value which they held in trust and DO NOT LEGALLY BELONG TO THEM. If the authorities would NOT STAND FOR THEIR FINANCIAL REPUTATION TO BE MARRED, THERE IS NO REASON TO THINK, THEY WOULD NOT ACT IN THIS MATTER.

Beazant still owns 20% and can put a FREEZING ORDER so in fact the asset is of no use to MMIH. It goes to show and prove that it is openly known that MANKAYAN is VALUABLE and can be further enhanced by drilling if needs be.

Pardon the typos as I was trying to type and have dinner.

Tues, 8 June 2021.

I know for a fact that S*pore would NOT stand for any financial listed firm there
NOT RETURNING such a valuable asset like Mankayan, a tier 1 asset. They are a NO-NONSENSE type of society and there have been many precedents to say this, one involving a British big financial name - he was thrown in jail many years ago. No one has EVER SINCE repeated this type of things again. The Head of MAS [Monetary Authority of Singapore] would certainly sit up upon hearing this given that all financial firms listed have a duty to return assets for which they have NOT paid for and all agreements to list have NOT ensued. Should this get to the ears of the Mr Lee, there will be even more repecussions as they take a DIM VIEW if the good name of their country is in any marred by something like this. This is fact and they act without fear or favour.
To them, their country*s reputation as a FINANCIAL CENTER known as Switzerland of the East is of paramount importance and that it should continue to do so. For this reason, NO ONE has EVERY DARED do something like this given a financial firm registered with the regulatory body and bound by rules pertaining to assets that they hold in trust etc.

This is common knowledge ie good reputation of the country.

Tues 8 June 2021

Simple solution:
A letter by BAGS and others:

Dear Sir, [Insert name of the Head of the Singapore Monetary Authority]
We , the undersigned represent some % of Bezant Resources, listed on AIM, London Stock Exchange. We understand from Bezant*s Regulatory News Service [RNS] of 8 Apr 2021 that the deal to list Mankayan , our Tier 1 copper and gold asset in the Philippines was terminated. This is also evidenced via AsiaPhos*s regulatory news services stating that MMIH [registered in Singapore as a financial services firm and sub-category as asset management] have failed in their contractual agreement to list our co*s asset or pay for the asset in any form or consideration. We understand that AsiaPhos RTO by MMIH obtained a valuation of Mankayan and is believed to be US$500 million [needs to be checked with Mr Bird re: the fig].

Singapore is a world class financial center and has a reputation for excellance. In this regard, the Monetary Authority of Singapore, being the regulatory body in charge of MMIH will see that an early return of our principal asset will benefit all parties in that this represents an end to this matter with MMIH. This is in keeping with the Monetary Authority of Singapore*s motto:
"OUR MISSION IS TO PROMOTE...A SOUND AND PROGRESSIVE FINANCIAL CENTRE."

Singapore has a reputation for excellance in this regard and an early solution will ensure that Singapore remains at the pre-eminence of excellance in Southeast Asia and globally.

Thanking you in anticipation. Shareholders of Bezant Resources Plc, British Citizens.

An example.

Tues, 8 June 2021.

I have just checked again: Bloomberg:
Mining & Minerals Industries Holding : "Industry: FINANCIAL SERVICES. Sub-Industry: ASSET MANAGEMENT."
To check, call up Mining & Minerals Industries Holding, Singapore, Bloomberg.

So, MMIH are indeed under the Financial Regulator given they are listed as under "FINANCIAL SERVICES.?

By the way, I am sure MMIH will see reason to return the 80% of Mankayan with immediate effect. Why? Singapore was a former British colony and therefore more align to British law etc.

I understand that MMIH is a hedge fund in Singapore and therefore has TO HOLD A LICENCE to do so and no doubt REGULATED by the Spore regulatory authorities. Therefore, it may be possible that this matter of Mankayan need NOT even reach the Singapore Tribunal even in the worst case scenario. Question: Can MMIH continue to keep their licence if they will NOT RETURN AN ASSET THEY HAVE NOT PAID FOR and is
due for return within a reasonable time?? It has now passed a reasonable time. So, one hopes that MMIH sees the reasonable request to return Mankayan to Bezant Resources which has been owned by this co for a long time which they bought over from another co.

So, it would appear that this is NOT the normal case of dealing with another co but rather a financial firm that is regulated by the Spore authorities. I have not yet checked the incorporation etc yet. I am sure Mr Bird will have the details.

So, confident that Mr Bird can appeal to MMIH*s good sense??

I am quite sure that reason will rule the day?

Tues, 8 June 2021.