Good morning Ladies and Gentlemen, I would like to draw your attention to
Bezant Resources (BZT) which is currently up 6.5p or 7% at 96p after it
confirmed earning a further 23% in the Mkurumu gold project in Tanzania to bring
its stake up to 46%. This additional stake brings its holding up to the same
level as its JV partner, a subsidiary of AngloGold Ashanti. The remaining 8% is
held by Tanzanian locals. This news also shows the company's commitment to the
project where they believe they have discovered a new gold province in Tanzania,
currently the third largest gold producer in Africa.
Best regards
Gary Middleton
St Swithins PR Ltd
Bezant Resources PLC
06 November 2007
6 November
2007
Bezant Resources Plc
('Bezant' or the 'Company')
Bezant's
subsidiary earns an additional 23 per cent. interest in its
Tanzania project
Highlights:
• Anglo Tanzania Gold Limited ('ATGL'), a
wholly owned subsidiary of Bezant,
earns an additional 23 per cent. of
the Mkurumu project
• ATGL now holds 46 per cent. of the Mkurumu project,
a subsidiary of AngloGold
Ashanti holds 46 per cent. and Tanzanian
locals hold the remaining 8 per cent.
Bezant Resources plc (AIM: BZT),
the AIM listed exploration and development
company with gold and copper
assets in Tanzania and the Philippines, is pleased
to announce that its
wholly owned subsidiary, ATGL, now holds 46 per cent. of
the Mkurumu project
in Tanzania. ATGL has for the last year accelerated its
drilling and
exploration programme on the Mkurumu project and has
received
confirmation from its joint venture partner in Tanzania, a
subsidiary of
AngloGold Ashanti, that it has earned a further 23 per
cent. interest in the
project.
As a consequence, ATGL now holds an
equal interest to AngloGold Ashanti with
the remaining 8 per cent. held
by Tanzanian locals.
Clive Sinclair-Poulton, CEO of Bezant, said:
'We continue to be excited by the
potential at Mkurumu and have chosen to
accelerate our investment in the project
accordingly. The corresponding
increase in our project interest to 46 per cent.
gives us parity with AngloGold Ashanti in the project and therefore represents
an important
strategic stake as well as giving Bezant greater exposure to the
upside
potential from this asset. Our 2007/2008 work programme will see the
Company
continuing its strategy of seeking to generate increased value in both
our
Tanzanian and Filipino assets.'
Notes for editors:
Tanzania is the
third largest producer of gold in Africa and is increasing its
production on
an annual basis.
The majority of gold production is centred around the
west of the country,
whereas Bezant is concentrating its efforts in the
under explored east, an area
of great potential.
Tanzania has been
independent since 1964 and is in the enviable position of
having consistent
political stability, holding regular democratic multi-party
elections.
Western style mining laws, combined with good infrastructure, skill
levels
and a supportive government have attracted a number of world class
mining
companies.
For further information, please
contact:
Clive Sinclair-Poulton, Chief Executive
Bezant Resources
Plc
Email: clive@bezantresources.com
Tel: +353 (0) 85 739
2674
James Harris
Matthew Chandler
Strand Partners Limited
Tel:
+44 (0) 20 7409 3494
Gary Middleton
St Swithins PR Limited
Email:
gary@swithins.com
Tel: +44 (0) 7951 603 289
Kind Regards,
Gary Middleton
St Swithins PR Ltd
111 Cannon Street
London
EC4N 5AR
tel// +44 (0)207 929 4391
mobile// +44 (0)7951 603 289
email// gary@swithins.com
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Bezant Resources Plc.
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EXPLORATEUR |
CODE : BZT.L |
ISIN : GB00B1CKQD97 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Bezant Resources est une société d’exploration minière d'or et de cuivre basée au Royaume-Uni. Ses principaux projets en exploration sont MKURUMU en Tanzanie et MANKAYAN aux Philippines. Bezant Resources est cotée au Royaume-Uni. Sa capitalisation boursière aujourd'hui est 24,6 millions GBX (29,4 millions US$, 27,0 millions €). La valeur de son action a atteint son plus haut niveau récent le 09 novembre 2007 à 99,00 GBX, et son plus bas niveau récent le 12 avril 2024 à 0,02 GBX. Bezant Resources possède 745 606 371 actions en circulation. |