⌘K
t
Bezant Resources Plc confirmed on November 22, 2021, that the Mines and Geosciences Bureau of the Philippines government is reviewing Crescent Mining Development Corporation's application for a second 25-year term for Mineral Production Sharing Agreement No. 057-96-CAR. The initial 25-year term of the MPSA expired on November 11, 2021, and will not expire until the renewal application is finally determined, in accordance with Executive Order No. 292.
| Date | 22 Nov 2021 |
| Time | 07:00:07 |
| Category | Corporate updates |
| ID | 0240T |
22 November 2021
Bezant Resources Plc
("Bezant" or the "Company")
Mankayan Project update
Bezant (AIM: BZT), the copper-gold exploration and development company, further to its announcements dated 13 September 2021 and 21 October 2021 confirms that the Mines and Geosciences Bureau of the Department of Environment and Natural Resources of the Philippines government ("MGB") review of Crescent Mining Development Corporation's renewal application for a second 25 year term in relation to Mineral Production Sharing Agreement No. 057-96-CAR (the "MPSA") is ongoing. The initial 25 year term of the MPSA expired on 11 November 2021 and in accordance with Executive Order No. 292 of the Administrative Code of 1987 shall not expire until the renewal application has been finally determined. The Company will provide a further update(s) as and when appropriate.
For further information, please contact:
|
Bezant Resources Plc Colin Bird Executive Chairman |
|
|
|
Beaumont Cornish (Nominated Adviser)
|
+44 (0) 20 7628 3396 |
|
|
Novum Securities Limited (Broker) Jon Belliss
|
+44 (0) 20 7399 9400
|
or visit http://www.bezantresources.com
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK Domestic Law by virtue of the European Union (Withdrawal) Act 2018 ("UK MAR").