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BFR - Mankayan Project Update - Visible Gold Discovered

Company: BEZANT RESOURCES PLC Date: 2025-03-05 Language: English Register to download

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RNS Number : 4529Z

Bezant Resources PLC

05 March 2025

![A logo for a company Description automatically generated](https://dw6uz0omxro53.cloudfront.net/3321957/276271e5-b17e-446a-b8c1-86ead71631f1.png)

5 March 2025

Bezant Resources Plc

("Bezant" or the "Company")        

Mankayan Project Update  

Visible gold discovered above high grade Cu-Au Porphyry

Bezant (AIM: BZT), the copper-gold exploration and development company, announced on 6 February 2025 that ASX listed Blackstone Minerals Ltd ("Blackstone") had announced a proposed merger (the "Proposed IDM Merger") with IDM International Limited ("IDM") through which the Company holds its interest in the Mankayan Copper Gold project in the Philippines ("Mankayan Project"). Blackstone have on 5 March 2025 released an announcement that visible gold has been identified in a recently completed diamond drillhole at the Mankayan Project.

Please follow the link to Blackstone's announcement titled "Visible Gold Discovered above High Grade Cu-Ay Porphyry" as published on ASX: [https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02921220-6A1254205](https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02921220-6A1254205)

Under the Proposed IDM Merger IDM shareholders will receive 7.4 Blackstone shares for every 1 (one) IDM share they hold.   

If the Proposed IDM Merger is completed Bezant will receive 148,985,657 Blackstone shares and 2,543,750 options to acquire Blackstone shares at AUD0.06 expiring on 5 February 2029 for its IDM shares and IDM options.

For further information, please contact:

Bezant Resources Plc 

Colin Bird Executive Chairman

+44 (0) 20 3416 3695

Beaumont Cornish (Nominated Adviser)   

Roland Cornish / Asia Szusciak

  

+44 (0) 20 7628 3396

Novum Securities Limited (Joint Broker)

Jon Belliss

+44 (0) 20 7399 9400

Shard Capital Partners LLP (Joint Broker)

Damon Heath

+44 (0) 20 7186 9952

or visit [http://www.bezantresources.com](http://www.bezantresources.com)

Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated Adviser and is authorised and regulated by the FCA. Beaumont Cornish's responsibilities as the Company's Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in relation to the proposed arrangements described in this announcement or any matter referred to in it.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [rns@lseg.com](mailto:rns@lseg.com) or visit [www.rns.com](http://www.rns.com/).  

  

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END

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