AFRISTRAT INVESTMENT HOLDINGS LIMITED – Extension of Conditions Precedent on Disposal of a 25% Interest in MyBucks Zambia and General Update on MyBucks SA - SENS moneyweb.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneyweb.co.za Daily Mail and Mail on Sunday newspapers.
Rincon Resources Pty Ltd The Company advised in late June 2020 that it had invested AUD$250,000 (approximately £140,000) in Rincon Resources Pty Ltd ( Rincon ), an Australian gold and base metals exploration company. At the time the Company investment represented approximately 28% of Rincon. Rincon Resources is a Western Australian ( WA ) focused gold and base metals company and holds the rights to three highly prospective projects in WA, with a main focus on the South Telfer Project, covering 50,000-hectares in the Paterson province. The South Telfer Project is approximately 12km south of Newcrest Limited s Telfer mine. Rincon s Laverton and Kiwirrkurra Projects are also highly prospective gold and base metals projects.
and its mineral exploration licences in Southern Botswana,
comprising the Kanye Manganese project
Bezant (AIM: BZT), the copper-gold exploration and development company, is pleased to announce the conditional acquisition of 100% of Metrock Resources Ltd ( Metrock ) and its manganese mineral exploration licences in Southern Botswana comprising the Kanye Manganese Project.
· 4,043 sq km land package with 125 km of potential on trend manganese mineralisation across the licences
· Trenching results have yielded in the case on one prospect of between 53% and 74% manganese oxide ( MnO )
· Bezant will acquire 100% of Metrock by i) issuing 150,000,000 new shares to settle £405,000 and ii) issuing 31,800,000 unlisted options exercisable at 0.40 pence per share up to 30 September 2024 and deferred consideration of £225,000 also to be settled in new shares should an Indicated Resource be delineated and settle Metrock s creditors of £45,100