REG - Kazera Global PLC - Withdrawal of 2A Mining Right Objection

Kazera GlobalAnnouncement

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RNS Number : 8336F  Kazera Global PLC  03 November 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.

 

3 November 2025

Kazera Global plc

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

 

Withdrawal of Objection Relating to 2A Mining Right Application

Withdrawal clears pathway to Mining Right approval

 

Kazera Global plc (AIM: KZG), the AIM-quoted investment company, announces
that its Heavy Mineral Sands ("HMS") subsidiary Whale Head Minerals ("WHM" or
"Whale Head") has been notified in writing that an objection lodged against
the granting of the Mining Right for the area known as 2A (the "Mining Right")
has been withdrawn.

The Company understands that the objection was the reason for delays in
granting the Mining Right. With the objection now withdrawn, the Company
believes there are no further obstacles to the Mining Right being granted and
expects this to occur soon.

The 2A Mining Right covers an area of approximately 3,095 hectares, of which
around 170 hectares contain heavy mineral sand ("HMS") deposits suitable for
immediate mining subject to the construction of a suitable processing plant.
The site lies a short distance north of Whale Head's current Walviskop HMS
operation, which covers 5 hectares. The Company believes the HMS deposits at
2A to be at least as rich as Walviskop, with sands continuously replenished by
wind and tidal action.

Written notification of the withdrawal has been provided to WHM, following the
conclusion of discussions surrounding environmental and community matters.
These included a commitment by Whale Head to update its rehabilitation
planning, scientific monitoring and reporting measures.

Dennis Edmonds, Chief Executive Officer of Kazera, commented: "We are
extremely pleased to have been notified that an objection relating to the 2A
Mining Right has been withdrawn, which clears the way for the Mining Right to
be granted soon. 2A is a highly prospective HMS area, and its development will
materially expand Whale Head's operational footprint, creating the opportunity
to dramatically scale HMS production. We will, naturally, update shareholders
as soon as we have more news."

The Company will continue to engage with the relevant authorities and
stakeholders as the regulatory process moves to completion and will provide
further updates as appropriate.

For further information, visit 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 / Imogen Ellis
 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 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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