In this Midweek Takeaway, the team are joined once again by Colin Bird, Chairman of Bezant Resources. We discuss the company’s agreement to acquire a 90% stake in Namib Lead and Zinc Mining (NLZM) for US$2.5m plus royalties — a move that secures an existing processing plant and fast-tracks the Hope and Gorob copper-gold project in Namibia by at least two years. The plant will process pre-concentrated ore from Hope and Gorob, with the potential to treat NLZM’s zinc-lead-silver ore in future, while reducing haulage costs and environmental impact through dry ore sorting. With the Hope open pit set to produce 8,000 tonnes of contained copper annually at 1.65% CuEq, and resource growth potential along a 97km strike length, an independent model places the project’s NPV at US$46.8m with a 63% IRR.

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