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RNS Number : 4714S Kazera Global PLC 08 January 2025
RNS Reach
8 January 2025
Kazera Global plc
('Kazera' or 'the Company)
Optimo Capital Research Report
Kazera Global plc, the AIM-quoted investment company, is pleased to announce
that Optimo Capital has published a research report on the Company. The report
is available to view on the Company's website at
https://kazeraglobal.com/reports-presentations/
(https://kazeraglobal.com/reports-presentations/) and at
https:/www.optimocapital.co.uk/s/KZG-FLASH-Jan-25-jh73.pdf
(https://static1.squarespace.com/static/628793e2e9bca31a059eedf6/t/677c2b177976e64cbd5e4bd4/1736190743765/KZG+FLASH+Jan+25.pdf)
**ENDS**
Kazera Global plc kazera@stbridespartners.co.uk
Dennis Edmonds, CEO
Strand Hanson Limited (Nominated & Financial Adviser and Broker) Tel: +44 (0)207 409 3494
Christopher Raggett / Ritchie Balmer
St Brides Partners Limited (Financial PR) 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 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 has now instituted legal proceedings against Hebei
for payment of the balance due to it.
The Company will consider additional investment opportunities as
appropriate, having regard to the Group's future cash flow requirements.
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