RCS - Kazera Global PLC - Investor Presentation

Kazera GlobalAnnouncement

11/09/2024 07:00

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RNS Number : 6547D  Kazera Global PLC  11 September 2024

RNS Reach

 

11 September 2024

Kazera Global plc

('Kazera' or 'the Company)

 

Investor Presentation

 

Kazera Global plc, the AIM-quoted investment company, is pleased to announce
that Dennis Edmonds, CEO, will provide a live presentation via Investor Meet
Company on Thursday 19 September 2024 at 3.00pm BST.

 

The presentation is open to all existing and potential shareholders. Questions
can be submitted pre-event via the Investor Meet Company dashboard up until
9.00am BST on Wednesday 18 September 2024, or at any time during the live
presentation.

 

Investors can sign up to Investor Meet Company for free and add to meet Kazera
via:

https://www.investormeetcompany.com/kazera-global-plc/register-investor

 

Investors who already follow Kazera on the Investor Meet Company platform will
automatically be invited.

ENDS

 

For further information visit www. (http://www.) kazeraglobal
(http://www.kazeraglobal.com/) .com (http://www.kazeraglobal.com/) or
contact:

 

 Kazera Global plc                                             kazera@stbridespartners.co.uk (mailto:kazera@stbridespartners.co.uk)

 Dennis Edmonds, CEO                                            

 Cavendish Capital Markets Ltd (Nominated Adviser and Broker)  Tel: +44 (0)207 220 0500

 Derrick Lee / Pearl Kellie (Corporate Finance)

  
 St Brides Partners (Financial PR)                             kazera@stbridespartners.co.uk (mailto:kazera@stbridespartners.co.uk)

 Paul Dulieu / Isabel de Salis                                   

 

About Kazera Global plc

Kazera is a global investment company focused on leveraging the skills and
expertise of its Board of Directors to develop early-stage mineral exploration
and development assets towards meaningful cashflow and production. Its three
principal investments are as follows:

 

Alluvial diamond mining through Deep Blue Minerals (Pty) Ltd, Alexander Bay,
South Africa

Kazera currently has a 100% direct interest in Deep Blue Minerals, of which
74% is held beneficially by Kazera and 26% is held on behalf of Black Economic
Empowerment partners.

 

Heavy Mineral Sands mining (including ilmenite, monazite, rutile, and zircon)
through Whale Head Minerals (Pty) Ltd, Alexander Bay, South Africa.

Kazera currently has a 70% direct beneficial interest in Whale Head Minerals
together with the benefit of a loan facility entitling it to receive
approximately £38m out of dividends from the other shareholders.

 

Tantalite mining in South-East Namibia (divestment in progress)

As announced on 20 December 2022, Kazera has agreed to dispose of African
Tantalum (Pty) Ltd ("Aftan") for a cash consideration of US$13 million plus a
debenture payment of 2.5% of the gross sales of produced lithium and tantalum
for life-of-mine. Completion of the sale is subject to receipt of full
consideration proceeds. Aftan has been deconsolidated from the Company's
financial statements with effect from 4 January 2023 because in accordance
with the terms of the sale agreement, it has relinquished control of the Aftan
in favour of the purchaser, Hebei Xinjian Construction Close Corp ("Hebei
Xinjian") with effect from that date. Kazera retains the right to cancel the
transaction and retain all amounts paid to date in the event of default by
Hebei Xinjian.

 

The Company will consider additional investment opportunities as appropriate,
having regard to the Group's future cash flow requirements.

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