REG - Kazera Global PLC - Directorate Change

Kazera GlobalAnnouncement

14/08/2024 07:00

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RNS Number : 3244A  Kazera Global PLC  14 August 2024

14 August 2024

Kazera Global plc

('Kazera' or 'the Company)

 

Board Appointment

 

Kazera Global plc, the AIM-quoted investment company, is pleased to announce
the appointment of Dr John Wardle as Non-Executive Chairman of the Company
with immediate effect.

 

Dr. Wardle is an experienced drilling engineer with extensive leadership
experience in the international oil exploration industry. He has served in
multiple directorship roles and is currently the Executive Chairman of
AIM-listed Ironveld plc. Previously, Dr. Wardle was the CEO of Amerisur
Resources plc, an AIM-listed oil and gas company, from 2007 until its
acquisition in 2020 for approximately £242 million. His career also includes
senior management positions at BP in the UK, USA, and Colombia, as well as at
Emerald Energy in Colombia, where he played a key role in discovering the
Campo Rico and Vigia oilfields. Additionally, he oversaw Pebercan's operations
in Cuba. Dr. Wardle holds a B.Sc. in Mining Engineering and a Ph.D. in
Microseismic Geotechnics.

 

Commenting on the appointment, Dennis Edmonds, Kazera CEO said: "I am
delighted to announce John's appointment to the Board and his new role as
Non-Executive Chairman of Kazera. With his extensive experience and proven
track record of success, we are confident that his leadership will be
instrumental as we strive to deliver value for our shareholders. We look
forward to working closely with him in this new chapter for the Company."

 

Dr. Wardle continued: "I'm thrilled to accept this position as Kazera moves
into the exciting production phase at its two key projects and look forward to
leveraging my operational experience to help drive the Company forward."

 

In accordance with Rule 17 and Schedule 2, Paragraph (g) of the AIM Rules for
Companies, Dr John Wardle, aged 65 years, holds a 100 per cent. beneficial
interest in Tracarta Limited, a company which holds a total of 43,181,095
ordinary shares in Kazera, representing 4.61 per cent. of the issued share
capital of the Company. Dr Wardle holds, or has held in the past five years,
the following directorships, and partnerships:

 

 Current Directorships/partnerships                         Directorships/partnerships within the last five years
 Ironveld plc                                               Amerisur Resources plc

 

There is no further information to be disclosed in relation to the director
appointment pursuant to Rule 17 and Schedule 2, paragraph (g) of the AIM
Rules.

 

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, prior to completion of the acquisition of shares from
Tectonic Gold Plc as announced on 7 August 2024, 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
64% 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 60% 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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