RE: Needed the license10 Mar 2026 11:32
Here’s why the NZLM licence is actually important, even if it seems secondary:
Regulatory completeness – Having the NZLM licence means Bezant fully owns all the permits and rights in that region. Even if the main copper operations are at Hope and Gorob, not having this licence could create legal or regulatory hurdles later, especially if they want to expand or integrate operations.
Optional extra revenue – The NZLM licence covers zinc (and possibly some silver). That’s not the main copper business, but if market conditions are good, it could bring in extra revenue and improve the project’s overall economics.
Investor confidence – Markets like certainty. By officially securing every licence related to their assets, Bezant removes a potential “unknown” that could scare investors. This can trigger positive share price moves because it reduces risk.
Collateral for funding – Lenders and investors like to see that all the assets are fully licensed and ready to operate. The NZLM licence could make the company more attractive for that £7m funding or any other financing, because it shows the company has all legal permissions in place.
Strategic flexibility – If Bezant wants to expand, sell off parts of the project, or negotiate off-take agreements, holding the NZLM licence gives them leverage and options.
So even though it looks like a “side licence,” it’s strategically important for operations, funding, and investor confidence — which is why the RNS got market attention.