27 June 2025

Bezant Resources Plc

("Bezant" or the "Company")     

Blackstone Minerals Corporate update

Mankayan Project

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") via a scheme of arrangement ("Scheme") 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 27 June 2025 released two announcements i) a confirmation of the completion of its merger with IDM and ii) a corporate update on board and management changes that will follow completion of its merger with IDM (the "IDM Merger").  Blackstone has also today applied for the quotation of the Blackstone Shares which are to be issued to IDM Shareholders under the terms of the IDM Merger.

A copy of Blackstone's announcements of

27 June 2025 titled "Completion of Merger with IDM"  is at

https://announcements.asx.com.au/asxpdf/20250627/pdf/06l5p9q51zfq88.pdf

and

27 June 2025 titled "Blackstone Minerals Corporate Update "  is at

https://announcements.asx.com.au/asxpdf/20250627/pdf/06l5bh1ctzpmpf.pdf

Under the terms of the IDM Merger IDM shareholders received 7.4 Blackstone shares for every 1 (one) IDM share they hold with fractional entitlements rounded down.   

Bezant has been issued 139,365,650 Blackstone shares and 2,543,750 options to acquire Blackstone shares at AUD0.06 expiring on 1 November 2026 for its IDM shares and IDM options. The Blackstone closing share price on 26 June 2025 according to the ASX website was AUD 8.8 cents (approximately 4.2 pence)

 https://www.asx.com.au/markets/company/BSX   

For further information, please contact:

or visit 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.