REG - Kropz PLC - First production from Elandsfontein

KropzAnnouncement

18/03/2022 07:00

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RNS Number : 2097F  Kropz PLC  18 March 2022

The information contained within this announcement is deemed to constitute
inside information as stipulated under the retained EU law version of the
Market Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK
law by virtue of the European Union (Withdrawal) Act 2018. The information is
disclosed in accordance with the Company's obligations under Article 17 of the
UK MAR. Upon the publication of this announcement, this inside information is
now considered to be in the public domain.

 

18 March 2022

Kropz Plc

("Kropz" or the "Company")

 

First production from Elandsfontein

 

Kropz Plc (AIM: KRPZ), an emerging African phosphate producer and developer,
is pleased to announce first production of phosphate rock concentrate
("Concentrate"), from its Elandsfontein operation in South Africa.

 

Elandsfontein commenced plant commissioning in Q4 2021 and has achieved a
concentrate grade of 31% P(2)O(5), in line with management expectations.
Concentrate samples will now be prepared for shipment to a number of potential
buyers to confirm product specifications. Sales to smaller local customers in
South Africa will commence in late March 2022.

 

The focus at Elandsfontein now shifts to increasing ramp-up of operations to
achieve nameplate capacity and enable the first commercial large scale
shipment of Concentrate while optimising process recoveries.

 

All the required reagents have been received on site for the commissioning and
initial ramp-up activities. Full production capacity is expected by early Q4
2022.

 

The phosphate rock market remains strong and has shown good interest in
Elandsfontein's low cadmium Concentrate.

 

Mark Summers, CEO of Kropz, commented:

 

"We are delighted to have reached this significant production milestone for
the Company. The interest that we are receiving from the market and industry
is positive. We look forward to providing further updates as we optimise
processing recoveries and make our first bulk sales."

 

The Company will provide further updates on the Elandsfontein production in
due course.

 

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

 

 Kropz Plc
 Mark Summers (CEO)                +27 (0) 79 744 8708

 Grant Thornton UK LLP             Nominated Adviser
 Samantha Harrison                 +44 (0) 20 7383 5100

 Harrison Clarke

 George Grainger

 Ciara Donnelly

 Hannam & Partners                 Broker
 Andrew Chubb                       +44 (0) 20 7907 8500

 Ernest Bell

 Tavistock                         Financial PR & IR (UK)
 Nick Elwes                        +44 (0) 207 920 3150

 Jos Simson                        kropz@tavistock.co.uk

 Oliver Lamb

 R&A Strategic Communications      PR (South Africa)
 James Duncan                      +27 (0) 11 880 3924

                                   james@rasc.co.za

 

About Kropz Plc

Kropz is an emerging African producer and developer of plant nutrient feed
minerals with phosphate projects in South Africa and the Republic of Congo.
The vision of the Group is to become a leading independent phosphate rock
producer and to develop into an integrated, mine-to-market plant nutrient
company focusing on sub-Saharan Africa.

-ENDS-

 

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