Bezant Shares Rise After Production Agreement Renewal at Philippines Mankayan Project

By Michael Susin

Bezant Sources PLC shares traded greater on Friday after the corporate stated that Crescent Mining Growth Company has renewed a manufacturing settlement a 25-year time period for the Mankayan Undertaking in Philippines.
Shares at 0841 GMT had been up 0.03 pence, or 17%, at 0.21 pence.

The copper-gold exploration and improvement firm stated the renewal will catalyze the event of the Mankayan Undertaking–a probably world class copper-gold porphyry project–which is at present beneath feasibility examine course of.
The corporate stated that Crescent is looking for to finish the scoping part and to plans a drill marketing campaign.

                        

                

					

                     
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Bezant has an curiosity within the Mankayan Undertaking by way of its 27.5% stake in IDM Mankayan Pty Ltd, an organization created to assist Crescent in creating the Mankayan Undertaking.
Write to Michael Susin at michael.susin@wsj.com