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LONDON - Bezant Resources Plc (AIM:BZT) has received key regulatory approvals for its planned acquisition of a processing plant in Namibia, the copper-gold exploration company announced Wednesday in a press release.
The company has secured both Namibian Competition Commission approval and Namibia Exchange Control Approval for its conditional agreement to acquire a 90% stake in Namib Lead and Zinc Mining (Proprietary) Limited (NLZM) from CL US Minerals LLC.
Bezant initially announced the share purchase agreement on August 14, 2025. The NLZM processing plant, once modified, is intended to process copper-gold ore from the company’s Hope and Gorob project after on-site pre-concentration using dry ore sorting technology.
The company stated it will issue a general meeting circular to obtain shareholder approval for the acquisition, which remains the final condition precedent to complete the deal.
Bezant also indicated it would soon make additional announcements regarding the Hope and Gorob project’s feasibility study and core financing and offtake arrangements.
The acquisition represents a significant step in Bezant’s development plans for its Namibian copper-gold assets. The company is pursuing a strategy of processing pre-concentrated ore from its Hope and Gorob project at the NLZM facility once the acquisition is finalized and necessary modifications are completed.
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