Bezant Resources Signs Exclusive Collaboration Agreement with PCB Mining Ltd
Bezant Resources PLC announced on Monday that it has signed an exclusive collaboration agreement with PCB Mining Ltd for its small-scale exploration licence, 24988-HQ-LEL, in Zambia. This agreement marks a significant step for Bezant, a copper and gold exploration company with projects across Africa, South America, and the Philippines.
Insight:
This collaboration highlights Bezant’s strategic move into Zambia, a region known for its copper reserves but increasingly recognized for its potential in gold and other commodities. This diversification in Bezant’s portfolio aligns with industry trends indicating growing interest in Zambia’s mineral resources beyond copper.
Under the terms of the agreement, Bezant will acquire a 15% interest in the PCB licence by developing a project restart plan for PCB Mining and assisting the company in securing financing for the project restart. This partnership underscores Bezant’s commitment to leveraging its expertise to support the growth of PCB Mining’s operations.
“We are pleased that Bezant is entering Zambia which, although primarily associated with copper in recent years has also become highly prospective for gold and other commodities. The PCB Project area has been the subject of active artisanal mining and our technical team has previously visited the PCB project site and identified a 5-6 metre wide quartz vein potentially hosting gold that is of indeterminate length,” said Executive Chair Colin Bird.
Market Response
Following the announcement, shares in Bezant Resources closed up 2.2% at 0.023 pence each in London on Monday. This positive market response reflects investor confidence in Bezant’s strategic collaboration with PCB Mining and the potential of the PCB Project in Zambia.
By Holly Beveridge, Alliance News reporter
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