REG - Kazera Global PLC - Operational Update: Deep Blue Minerals

Kazera GlobalAnnouncement

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RNS Number : 5486X  Kazera Global PLC  02 September 2025

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulation
(EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of
the European Union (Withdrawal) Act 2018, as amended by virtue of the Market
Abuse (Amendment) (EU Exit) Regulations 2019.

 

2 September 2025

Kazera Global plc

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

 

Operational Update: Deep Blue Minerals

First diamonds recovered following installation of new processing equipment

 

Kazera Global plc (AIM: KZG), the AIM-quoted investment company, is pleased to
announce the first diamond recoveries following its investment in new diamond
recovery technology at its subsidiary, Deep Blue Minerals ("DBM" or the
"Project"), located in Alexander Bay, South Africa. This marks a significant
step towards DBM becoming a self-sustaining, cash-generative operation.

 

Highlights of this achievement include:

 

·    First diamond recoveries achieved using newly installed pulsating jig
and Flowsort technology.

·    Approximately 45 carats, comprising 89 stones, recovered from 100
tonnes of in-field screened material processed during the initial optimisation
phase.

·    Recovery rate approximately 3x higher than the Company's original
recovery forecast

·    With stone sizes averaging 0.5 carats, compared with the 0.4 carats
typically recovered in the area, the Group expects to benefit from a premium
generally commanded by larger stones. Consequently, the realised value per
carat on sale is anticipated to be approximately $100 higher than the Group
had previously expected.

·    A substantial stockpile of diamond-bearing gravels, generated as a
by-product of the Company's Whale Head Minerals ("WHM") heavy mineral sands
("HMS") investment, is now being processed.

·    This stockpile is continually replenished through ongoing WHM
operations and is expected to underpin regular future diamond sales.

 

Dennis Edmonds, CEO of Kazera Global plc, commented: "This is a landmark
moment for both DBM and Kazera. Our investment in new technology has already
delivered results that substantially exceed management expectations. With a
significant and continually replenished stockpile ready for treatment, we now
have a clear pathway towards regular diamond sales and revenue.

 

"We expect our diamond operation to now progress from being a 'nice to have'
into a major revenue generator in its own right. The on-site team has worked
tirelessly to achieve this milestone and I wish to thank them for their
efforts. I am confident we are now well positioned to unlock the full
potential of this exciting diamond asset."

 

 

Following a period of optimisation, the Company is pleased to report that DBM
has successfully recovered its first diamonds using its new pulsating jig and
Flowsort technology. DBM has also built up a substantial stockpile of
diamond-bearing gravels on site, which is currently being processed. These
gravels are a by-product of the Group's HMS operation.

 

While final sorting and valuation are still underway, early indications
suggest that approximately 45 carats, comprising 89 stones, have been
recovered from the first 100 tonnes of screened diamond gravels processed at
the site. This initial recovery rate is approximately three times greater than
the Company's original recovery forecast. In addition, the average size of the
recovered diamonds exceeds those typically seen in the area, which is expected
to result in a premium on sale. Consequently, the realised price per carat is
anticipated to be approximately $100 higher than the Group previously
expected.

 

Sales are conducted on a regular basis by Alexkor SOC Limited, the South
African government-owned entity which holds the rights to all diamonds in the
area. The next sales date has yet to be confirmed. The Board expects that
ongoing treatment of the diamond gravel stockpile will yield a steady stream
of additional stones, providing the Group with a regular revenue stream from
diamond sales going forward.

 

The DBM operations are located within the 80km-long Alexkor diamond fields in
the prolific diamond-producing Alexander Bay region of South Africa, situated
between two historic De Beers mining sites. The Company intends to continue
optimising operational efficiencies and to build a sustainable, long-term
production capacity at the site.

ENDS

 

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

 

 Kazera Global plc                                                kazera@stbridespartners.co.uk (mailto: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 (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 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 was subject to receipt of full
consideration proceeds. Aftan was deconsolidated from the Company's financial
statements with effect from 4 January 2023 because, in accordance with the
terms of the sale agreement, it had relinquished control of Aftan in favour of
the purchaser, Hebei Xinjian Construction Close Corp ("Hebei Xinjian") with
effect from that date. Kazera retained the right to cancel the transaction and
retain all amounts paid to date in the event of default by Hebei Xinjian.
Following default by Hebei Xinjian, Kazera initiated legal proceedings in
September 2024, which have now concluded in Kazera's favour with an
arbitration award exceeding US$11.9 million, including interest, plus coverage
of legal costs. Kazera is now assessing the most effective legal and
commercially beneficial avenues to enforce the award and recover the full
amount due.

 

 

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

 

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