Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Bezant Resources ( (GB:BZT) ) has issued an update.
Bezant Resources PLC has announced a strategic acquisition of a 90% stake in Namib Lead and Zinc Mining, which includes an ore processing plant. This acquisition is expected to accelerate the production timeline for the Hope and Gorob project by at least two years and reduce capital costs associated with building a new processing facility. The plant will process copper-gold ore and potentially zinc-lead-silver ore in the future, enhancing operational efficiency and profitability. The move is anticipated to create jobs in the Swakopmund area and aligns with Namibia’s mining development goals. The acquisition is financially viable, with a projected Net Present Value of USD 46.8 million and an Internal Rate of Return of 63%.
More about Bezant Resources
Bezant Resources PLC is a copper-gold exploration and resource development company. The company focuses on advancing its mining projects, particularly the Hope and Gorob project, and is listed on the AIM market under the ticker BZT.
Average Trading Volume: 90,623,493
Technical Sentiment Signal: Buy
Current Market Cap: £6.23M
For detailed information about BZT stock, go to TipRanks’ Stock Analysis page.