BEZ REVIEW

- 3.3mil Oz of gold resource (MRE).

- All within shallow 100m from surface.

- Low cost open pit mining method.

- Exploration Target = 4.9mil oz - 9.3mil oz.

- $34mil cash on hand.

- 4 rounds of assay results in 2022 and current round of assay result pending + ongoing drilling at 2 deposits. At Bekajiang deposit, deeper and higher grade gold has been discovered.

- Drilling is now ramped up with at least 3 drill rigs (from 1 drill rig before).

- BEZ is also doing sterilisation drilling to choose the best location for the processing plant so that it won't be sitting on a high grade deposit underneath.

- Next upgraded MRE is expected to be significantly higher.

- Feasibility Study: done.

- EIA (Enriromental Impact Assessment) of 630 pages: done.

- Pilot plant equipments: almost completed and ready to be shipped to on-site for construction in Q3 2024.

- Stage#1 metallurgical testwork results: excellent.

- Stage#2 metallurgical testwork with bigger bult sample (9 tons of sample ore) nearly completed.

- DFS to commence soon.

- Permit approval for construction of pilot plant and trial test pit for ore to feed the pilot plant: done.

- Applications for mining permit: have been lodged with local authorities.

- Gold price is currently at historical record and is forcasted to be much higher in the years ahead. Massive profit for all gold projects.

- Quantum Metal is not BESRA. Quantum Metal is just an off-take customer.

- Up to today, QM has paid $USD $25,646,323 = ~AUD $38mil as 5% deposit for the amount of gold purchase quantity that it has locked in.

- BEZ has officially engaged Noblemen Ventures Pty Ltd in November to search for more commercial and corporate deals (off-take customers and major investors)

- Current off-take contract that is binding and has been paid with the $38mil pre-payments is worth $760mil. No re-course to BESRA in case QM does not want to continue to lock in more gold purchase contracts as stipulated in the terms of the GPA (Gold Purchase Agreement).

- QM is a major shareholder of BEZ at 30% and a $760mil off-take customer. It has strong interest and benefit to see BAU gold project successfully transit into a production mine.

- QM has been a gold dealer for 22 years in 45 countries and has been dealing with Reserve Bank of Maylasia.


For a bit of perspective:

SXG has 207.5mil shares (fully diluted with All options well in the money) and a MC of $400mil with no MRE yet and Exploration Target of 1mil oz to 1.6mil oz of gold, and roughly $5mil cash on hand.

SXG is still probably 1.5 years to 2 years away from pilot plant constructiweon, EIA, mining permit, final MRE to get to 3mil oz resource, Feasibility Stydy,...and probably $50mil-$100mil expenses to complete all of those above steps.


Everything here are FACTS. They are all listed in the latest quarterly report and half year report. I have posted these facts and figures many times before, so no need to post them again here. All you have to do is go to those reports and read them yourself.


Those comments like "if QM is not going ahead with more off-take contracts, then where can Bez get money from to go to construction and production" are just stupid at best. Where are those 200-300 other exploration companies on ASX get money from? They dont go to QM do they? Where will they get money from? QM will be just one of the off-take customers that BEZ will get. Noblemen Ventures Pty was the one who brought QM to BEZ for the off-take deal and it was officially engaged by BEZ for more commercial and corporate deals from November. Watch this space.


Do your own research and be aware of scammers who try to steal your shares.