Is it a good time to invest in these 2 FTSE mining stocks?

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Is it a good time to invest in these 2 FTSE mining stocks?

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 Is it a good time to invest in these 2 FTSE mining stocks?
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Highlights

  • Bezant Resources secured £1 million funding from Sanderson Capital Partners, a long-term shareholder in the company.
  • Kavango Resources identified a 30 km-long stretch of magnetic Proterozoic gabbro within the Kalahari Suture Zone Project.

Restrictions on movement and imposition of lockdowns had hit the mining industry with several companies forced to permanently or temporarily shut down operations; however, the end of COVID-19 pandemic related restrictions have resulted in the resumption of mining activities across both small and large businesses.

Currently, miners are focusing on increasing operations to attain pre-pandemic level growth rates. Small-cap mining stocks offer attractive investment opportunities, and therefore, investors often add these stocks to their portfolio to leverage from the opportunity. Below is a detailed review of the investment prospect in two mining stocks – Bezant Resources and Kavango Resources.

 Bezant (BZT) & Kavango (KAV): Market cap details

(Data source: Refinitiv)

Bezant Resources Plc (LON: BZT)

Bezant Resources is an FTSE AIM-listed copper-gold exploration and development company. Recently, Bezant Resources announced that the Government of Philippines is reviewing the renewal application for the company’s Mankayan copper-gold project. It also secured a £1 million funding from Sanderson Capital Partners, Bezant Resources’ long-term shareholder.

Earlier this month, Bezant Resources inked a joint venture agreement with Caerus Mineral Resources Plc for Troulli copper-gold project located in Cyprus.

For the six-month period ended 30 June 2021, Bezant Resources reported a loss after tax of £486,000 compared to £261,000 in 2020.

The shares of Bezant Resources last traded at GBX 0.17, up by 21.43% at the close of trade on 25 November 2021. The market cap of the company is £8.27 million.

Kavango Resources Plc (LON: KAV)

Kavango Resources is a mineral exploration firm focused on mining activities in Botswana. Recently, Kavango Resources identified a 30 km-long stretch of magnetic Proterozoic gabbro within the Kalahari Suture Zone. Kavango Resources commenced the drilling at its B1 Conductor Target with Hole KSZDD002.

Kavango Resources’ expenditure in Botswana on exploration was US$512,000, and its operating loss stood at US$776,000 for the six months ended 30 June 2021 compared to US$254,000 in 2020.

The shares of Kavango Resources last traded at GBX 5.70, up by 16.33% at the close of trade on 25 November 2021. The market cap of the company is £23.17 million.

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