Bezant Resources' Namibia Copper-Gold Mine to Commence Production in Second Half of 2026

en.Wedoany.com Report, Bezant Resources (LSE: BZT) has announced that its Hope & Gorob copper-gold project in Namibia is expected to produce its first copper-gold concentrate in the second half of 2026.

The company has completed engineering design and tendered 65% of the work plan, with 45% of the contracts already awarded to relevant enterprises. Unitrans Namibia has secured the mining and storage contract, responsible for transporting pre-concentrated ore to the NZLM processing plant; UMA Projects is undertaking the engineering and procurement tasks for plant upgrades and refurbishments; while Weir Minerals Pump & Mining Solutions Namibia is providing 150-ton-per-hour crushing and screening equipment.

Executive Chairman Colin Bird noted that project financiers required detailed technical and financial due diligence before committing funds. "With the financiers' due diligence now complete, we anticipate finalizing the financing documents within the coming weeks," Bird stated. Regarding mine construction, the engineering team is in place, and civil and earthworks have commenced to prepare for the installation of core sheds and site offices, which are being manufactured off-site.

Long-lead items such as cone crushers for the NZLM plant upgrade have been ordered and are in the manufacturing stage, with upgraded equipment expected for delivery in early April 2026. The Hope & Gorob project covers an area of 800 square kilometers, located in the central Namibia Matchless Copper Belt, a region hosting several Besshi-type volcanogenic massive sulfide copper-gold deposits, including the historically mined Otjihase copper-gold deposit.

Bezant Resources is a natural resource exploration and development company, with a business focus on copper projects in Namibia and the Philippines.

This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com