REG - Kazera Global PLC - Heavy Minerals Sands Project Update

Kazera GlobalAnnouncement

06/10/2023 07:00

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RNS Number : 8975O  Kazera Global PLC  06 October 2023

6 October 2023

Kazera Global plc

("Kazera" or "the Company")

 

Heavy Minerals Sands Project Update

 

Kazera Global plc (AIM: KZG), the AIM-quoted investment company, is pleased to
provide an update on operations at its Walviskop Heavy Minerals Sands ("HMS")
project ('the Project') in Alexander Bay, South Africa.

 

OVERVIEW

·    Manufacturing of the Trommel screening plant was completed in line
with expectations.

·    Initiated optimisations to improve its performance before
transporting to site.

·    Work now focused on the construction of the remainder of the wet
concentration plant on site.

·    Positioning the plant to start operating immediately on receival of
National Nuclear Regulator permit anticipated Q1 2024.

 

Dennis Edmonds, CEO of Kazera Global commented: "This has been a busy period
for the team, during which we have focused on optimising the various aspects
of the plant to ensure we can commence production and deliver the best results
possible as soon as we receive the National Nuclear Regulator permit
anticipated Q1 2024.  This strategically important HMS project is expected to
produce circa 6Kt HMS per month at full production, which given the strong
demand will at current prices achieve an estimated gross profit of +US$300k
per month. I look forward to providing shareholders with further updates as
the Project advances."

 

DETAILS

The Company remains focused on advancing production at its Walviskop HMS
Project, in which it holds a 60% interest within its subsidiary, Whale Head
Minerals (Pty) Ltd.

 

Further to the RNS dated 5 July 2023 and in line with expectations, the
manufacture of a Trommel screening plant was completed at the end of
September. Having undertaken extensive inspections to ensure its efficacy, the
team identified two areas of improvement to enhance the plant's performance,
which will be completed in the coming weeks ahead of final sign-off and
transport to site.  See images 1 & 2.

 

The Company is now focused on the preparation of the Walviskop site and the
construction of the remainder of the wet concentration plant, which is
underway.  The plant is expected to be fully commissioned before Kazera
receives its permit from the National Nuclear Regulator, enabling it to
commence work as soon as the permit is issued; this is anticipated during Q1
2024.

Image one: Final inspections on the Trommel screening plant.

 

Image two: Trommel screening plant

 

 

 

 

 

**ENDS**

 

 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 / Neil McDonald / Fergus Sullivan (Corporate Finance)  
 St Brides Partners (Financial PR)                                         kazera@stbridespartners.co.uk (mailto:kazera@stbridespartners.co.uk)   

 Paul Dulieu / Isabel de Salis / Susie Geliher                               

 

About Kazera Global plc  

Kazera is a global investment company focused on developing early-stage assets
towards meaningful cashflow and production in the resource sector. Its current
assets include majority shareholdings in a diamond mining project (Deep Blue
Minerals) and a heavy Mineral Sands project (Walviskop Heavy Mineral Sands) in
South Africa. The Company intends to leverage its unique board expertise,
investment capability and operational proficiency.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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