Mining, Oil & Gas News & Blog
Bezant is an AIM listed Company with a track record in building significant value in projects from highly cost effective work programmes. Following our work in delineating the minable reserves at the Mankayan project in the Philippines, resulting in a significant return of cash to shareholders, we are now focused on platinum production development in Colombia. Rationale:

  • Create low cost, surface production as apposed to deep shaft/high cost UG2 mining 
  • Potential for rapid mine start 
  • Create projects outside of the Bushveld to balance regional risk exposure for platinum investors (80% PGM currently from South Africa) 
  • Utilise the significant platinum experience of the Bezant team
The Executive Director Laurence Read tells Proactive: ''Just to be very clear what we're looking at is low, low capex, low opex, operating recovery plants which can then be 'cookie-cuttered' out as we decide to expand''. ''We aren't going to be producing lots and lots of platinum, we aren't going to be producing lots and lots of gold - but what we can do is use our skills .... to create a portfolio which I think is appropriate for the company''.

The approach is a low cost and low CAPEX production for both Gold and Platinum.  The company is to  commission an independent scoping study at the tasty-sounding Choco gold-platinum project in Colombia. The group said the recovery analysis programme remains on schedule, and that initial surface and shallow pit sampling had been successfully completed.

In all, 105 individual samples of alluvial material have been collected from the FKJ-083 licence area. Phase one of the large pit trial has been completed, and phase two, which will see work extend to deeper levels, has kicked off.

Grades and trial mining analysis have to date confirmed reported grades and conditions from historic third party mining operations. The bedrock depth varies within an estimated range of between 18 and 30 metres from surface. Simple minerals processing methods and equipment can efficiently recover the platinum and gold metals; therefore, while each site would have its own particular costs, it is possible to prepare a general model for alluvial mining operations from data obtained from alluvial mining operations in sites similar to licence FKJ-083.

The next step is preparation of a financial scoping study, which will principally be based on results from the pilot open pits and cost models from comparative alluvial operation in Colombia. It is expected the study will be completed in the first quarter of the current year.
Posted in: Mining

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