Hope & Gorob Copper-Gold - Mine Development Update

30 March 2026

Bezant Resources Plc

("Bezant" or the "Company")

Hope & Gorob Copper - Gold - Mine Development Update

Bezant Resources Plc ("Bezant") the copper-gold exploration and resource development company is pleased to provide shareholders with an update on the significant mine development progress at the Hope & Gorob Copper - Gold project in Namibia (the "Project") since completing the acquisition of the NLZM Processing Plant in December 2025.  

Summary of progress

· The Project remains on schedule for the anticipated delivery of first copper - gold - concentrates during the second half of 2026.

· Major contracts awarded including:

o Unitrans Namibia Pty Ltd in relation to contract mining at the Hope and Gorob project and logistics in relation to the hauling of pre-concentrate ore to the NLZM Plant for processing; 

o UMS Projects SA (Pty) Ltd ("UMS") Engineering and Procurement Contract in relation to the upgrading and refurbishment of the NLZM Plant; and

o Weir Minerals Pump & Mining Solutions Namibia (Pty) Limited equipment supply agreement for the supply of a 150 tonnes per hour crushing and screening equipment at the Hope & Gorob mine site.

· Engineering design is 100% complete, 65% of work programmes have been put out to tender of which 45% have already been awarded

· Long lead time items have been procured and are being fabricated with the Cone crusher for the NLZM Processing Plant upgrade expected to be delivered to site in early April

· At the Hope & Gorob mine site construction engineering crews are on the ground and civils and earthworks have commenced in preparation for the installation of the core shed and workshop offices which have been fabricated off site 

· At the NLZM Processing Plant site;

o UMS, the contractor managing the NLZM Processing Plant refurbishment has commenced the removal of redundant or broken equipment ready for new installations and a change of flow sheet

o The NLZM tailings dam audit and rehabilitation scope of works have been completed and tenders issued for the required upgrade

· Human Resources: Key personnel have been appointed for both the Hope & Gorob mine site and NLZM Plant site

· Financing: Further to the announcement of 31 October 2025 the financier has completed their technical and financial due diligence in relation to providing a US$7M financing facility for the Hope & Gorob project and we are now in the advanced stages in relation to the financing documentation, which we anticipate completing over the coming weeks.

Colin Bird, Executive Chairman of Bezant, commented

"The progress to date as outlined above demonstrates it has been a very busy period for the Company advancing the Project according to plan, with engineering design completed and long lead equipment procured so as to not delay Project progress. Project financiers understandably wish to conduct detailed due diligence on the veracity of a project's technical and financial assumptions prior to committing funds. With the financier due diligence now completed we anticipate completing financing documentation over the coming weeks.

We are very pleased with the significant progress made on the Hope & Gorob project and look forward to continuing to deliver progress at the Project and will keep shareholders advised accordingly."

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 pursuant to the Market Abuse (Amendment) (EU Exit) regulations (SI 2019/310).

For further information:

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.