REG - Kazera Global PLC - DBM Awarded Extended Diamond Mining Contract

Kazera GlobalAnnouncement

24/04/2025 07:02

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RNS Number : 9397F  Kazera Global PLC  24 April 2025

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inside information is now considered to be in the public domain.

 

24 April 2025

Kazera Global plc

("Kazera", the "Group" or the "Company")

 

DBM Awarded Extended Diamond Mining Contract

 

Kazera Global plc (AIM: KZG), the AIM-quoted investment company, is pleased to
announce that its subsidiary, Deep Blue Minerals (Pty) Ltd ("DBM"), has
entered into a Memorandum of Agreement with Alexkor SOC Limited ("Alexkor") to
extend its current right to mine diamonds at its Alexander Bay  operations on
the land, to include the right to also mine beach and shore diamonds. The
mining concession is for a 5 year period. This agreement with Alexkor, the
government-owned entity which holds the rights to all diamonds in the area,
includes a 12 month probation period during which time DBM must demonstrate it
is actively operating and meeting necessary requirements in respect of health
& safety compliance, capacity and production rates.

 

DBM's operations are located within the 80km-long Alexkor diamond fields in
Alexander Bay, South Africa, situated between two historic De Beers mining
sites. DBM is currently focused on deposits situated close to the shoreline,
which are characterised by high-quality diamonds and minimal overburden.
Having recently commissioned a new diamond processing plant, DBM is now
actively processing diamond-bearing gravels with the aim of delivering
high-concentration diamond gravel to Alexkor for final sorting and sale.

 

Kazera CEO, Dennis Edmonds, said: "We are delighted to have secured this new,
extended contract directly with Alexkor, which marks a significant milestone
for DBM as we ramp up our diamond mining operations. The five-year term not
only offers long-term security and operational stability but also expands the
areas in which we can mine for diamonds. We see this as a clear vote of
confidence in both DBM's capabilities and in our potential to rejuvenate
diamond mining in the Alexander Bay area."

 

**ENDS**

 

For further information, please visit the Company's website at
www.kazeraglobal.com (http://www.kazeraglobal.com) or contact:

 

 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 (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 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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