"Executive chairman Gerry Nealon says Bezant's flagship Mankayan project in the Philippines has the potential to become a world class mine."

Bezant is a global AIM-listed company specialising in natural resource exploration and development. It is backed by an experienced team of geologists, metallurgists, engineers, chemists and commercial specialists.

Bezants principal focus since it began operation in 2007 has been on early-stage ventures in key commodity sectors. Currently, it has interests in two global assets: The Mankayan Project (a copper/gold porphyry project in the Philippines) and the gold enterprise Mkurumu Project in Tanzania. Bezant Resources has a 40% stake in the Mankayan copper-gold project on the Philippine island of Luzon and an option to acquire the remaining 60% for US$40,000. In Tanzania, it has a 46% stake in a joint venture with AngloGold Ashanti, and other exploration tenements.

It also recently announced the acquisition of highly prospective copper and gold exploration licences in the Jujuy Province of northwest Argentina (the Eureka Project).

Bezant Resources has revealed a maiden 189 million tonnes JORC ore reserve for the Mankayan copper/gold project in the Philippines.
The ore reserve and Mmneable inventory statements - prepared by Mining Plus Pty - reveal:
* Probable ore reserves of 189 million tonnes at 0.46% copper and 0.49g/t gold
* Total recoverable metal reserves of 811,000 tonnes of copper and 2,210,000 ounces of gold
* Mineable inventory increased to 389 million tonnes at 0.38% copper and 0.42g/t gold
* Total mineable inventory of 1.4 million tonnes of copper and 3.9 million ounces of gold

I cant understand why people start a thread and dont put a share graph in it!!!! is it just me.

Markymar: Good point; just tell me how?

moved!

grevis2 The easiest way is to email Ian at money am and he will put you a yearly chart up and a daily one. If you want to try your self try coping from charts like you have and where the size 700 is you want to take that out and put in Size=383*386&Skin.383*386 that should make them both smaller so they are side by side .

Then you need to edit and put some links to the company a bit like my RKH thread.

My thread on RKH

Thanks markymar, you've been most helpful.

Grevis no probs,just nead that daily chart in and link to Beazant web site

i see they are waiting on the conceptual scoping study and then you might get a new brokers note.

The last one for September had it down for 2.42 so it made me sit up a little and need to have a little more read up on them.

Edison Research Note - 27 September 2010

Thanks markymar. Will try and add links later.
From the Edison report:
"Gold Fields deal implies valuation of 242p
Using a multiple of $108.7/t of contained copper, we value 100% of the project at
US$141.3m or 198p/share (excluding any gold credits). However, Gold Fields recent
deal with Lepanto, implies a valuation for 100% of Mankayan of 242p/share."

markymar: I've added a note concerning their latest acquisition in Argentina (the Eureka Project).

Showing a nice recovery from earlier today.

Buys have exceeded sells since 11.14AM; 200K v 30K.

RNS
12 January 2011 07:00 Bezant Resources PLC (BZT) Change of Broker

Bezant (AIM: BZT), the AIM listed gold and copper exploration and development company operating in the Philippines, Argentina and Tanzania, announces the appointment of Singer Capital Markets Limited as Corporate Broker to the Company with immediate effect

From the RNS of 17 December 2101, it was stated that a further announcement would be made in the early part of the New Year, in which case we will not have long to wait.

"The addition of this Ore Reserve status to the forthcoming results of the conceptual study and our ongoing review process, will assist us immensely in identifying the most attractive route for taking the project forward and unlocking maximum shareholder value.

We look forward to announcing the full results of the conceptual scoping study in the very early part of the New Year."

Well done grevis!!!!

new valuation........

Opinion: Strong Buy
Price: 71.25
Good figures on estimated NPV/SP:Today 08:39

From iii:

$459m = 286m / 60m shs = 4.78

$1.51b = 9433,470m / 60m shs = 15.73

By Mr Euclid

Thanks markymar. Certainly has lived up to expectations. Will update header later. Bit of profit taking as expected. Market cap' well below NAV so plenty of upside potential on this one.

The price of BZT has been drifting down ever since the last RNS on 19 January. The chairman seems to have little doubt that Mankayan has the potential to become a world class mine and this was borne out by the independent report returning an (NPV) of $459m and cash flow over the duration of the project of approximately $5.1bn. With the current price of 55p the market cap' has now fallen below 29 million which by any yardstick makes this an attractive buy.

25 February 2011
Bezant Resources Plc
Placing to raise approximately 4.75 million

Bezant (AIM: BZT), the AIM listed gold and copper exploration and development company operating in the Philippines, Argentina and Tanzania, today announces a placing to raise approximately 4.75 million before expenses and provides an update in respect of its Mankayan Project in the Philippines.

Highlights:
Placing to raise approximately 4.75 million before expenses

Shares placed with new and existing shareholders at a price of 50p per share

The net proceeds will be used to fund the option exercise and initial work programme in respect of Bezant's Eureka Project in Argentina.

The Company intends to use the net proceeds from the Placing to fund the option exercise and initial work programme in respect of its Eureka Project in the Jujuy Province of north-west Argentina, with the core details of the Asset Purchase Agreement having been previously set out in the Company's announcement of 7 December 2010. The Eureka Project currently has unaudited unclassified resource estimates, from historic exploration activities, in the order of up to approximately 62 million tonnes grading at approximately 1% copper (620 thousand tonnes of copper) and approximately 52,000 ounces of gold, as credits.

Preliminary discussions commenced with a number of interested parties in the mining and industrials sectors in respect of a potential disposal of the Mankayan Project

To that end, the Directors are now focussing their efforts on achieving the potential divestment of 100 per cent. of the Company's interests in the Project and the Board is pleased to announce that it is in preliminary discussions with a number of interested parties in the mining and industrials sectors. Shareholders should note, however, that any potential sale would be subject, inter alia, to detailed due diligence and there can therefore be no certainty as to the timing of any disposal or that any offers for the Project will be secured on terms acceptable to the Board

Gerry Nealon, Executive Chairman, commented:

"We are pleased to have raised 4.75 million from new and existing investors through a placing which was significantly over-subscribed. The proceeds of the placing will be used to fund the option exercise and initial work programme in respect of our Eureka Project in Argentina, which we acquired in December last year. Whilst discussions are at a preliminary stage, we are nevertheless encouraged by the interest received from a number of significant parties in respect of the potential sale of the Mankayan Project and look forward to updating shareholders on progress as and when appropriate."

bargain - 50p over subscribed placement + asset changes - excellent
kerrrrrrrrrrrchinnnnnnnnnnnggggggggggggggggg!!