Mining, Oil & Gas News & Blog
26
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

Post Rating

Comments

There are currently no comments, be the first to post one!

Post Comment

Only registered users may post comments.
iconnew2
iconnew1
Twitter Feeds
Latest News
Highlands Natural Resources Core Projects by Salar Golestanian
Independent assessments of the group’s three main assets is revealed
Golden Saint indicates encouraging Rock Forage preliminary estimates by
Rock Forage develop the alluvial exploration targets at the Tongo and Baja licences in Sierra Leone into inferred resources.
Bezant Resources explores the potential of Choco project by Salar Golestanian
Bezant Resources plc is to commission an independent scoping study at the Choco gold-platinum project in Colombia.
SDX Energy boss hails a $30mln Circle Oil asset acquisition by Salar Golestanian
The deal will see SDX increase net production by almost 250% to 4,705 barrels oil equivalent per day
Redeveloping the Monty Zinc deposit by Salar Golestanian
The project is all there ready to go with infrastructure in place

No Investment Advice

At FinityAsset.com we offer "No investment advice" in our articles and news related section.

You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

You understand that we may be providing advertising and/or marketing services to companies mentioned on the site. A full list of companies that are paying for services from us, or our affiliated companies in the UK and Australia can be provided on request here.

Sign up for our newsletter

Make sure you dont miss interesting happenings by joining our newsletter program.

Email

CONNECT WITH US

We're on Social Networks. Follow us & get in touch.

CONTACT

Please use the form below to contact us and a member of our team will reply or call you if requested within 24 hours.


Please Register to be contacted for latest offers