Bezant Resources shares rise as Hope & Gorob copper-gold mine enters commercial production - Yahoo Finance UK

AI desk brief

Bezant Resources has started commercial production at its Hope & Gorob copper-gold project in Namibia, with concentrate production now underway at the Tsoaxaub Metals flotation plant and shares up 9% to 0.15p. October throughput is targeted at at least 9,000 tonnes/month, with the first saleable concentrate due for offtake in late October as the plant ramps toward nameplate capacity by year-end.

The company said it has mined more than 40,000 tonnes of run-of-mine ore since mid-August, with 10,000 tonnes stockpiled at the processing plant. Early indications show copper grades tracking above resource estimates and gold grades exceeding forecasts, while a second-phase expansion could lift processing capacity by up to 40% if production and cash flow stabilize.