REG - Kropz PLC - Operational Update

KropzAnnouncement

20/04/2026 08:45

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RNS Number : 1144B  Kropz PLC  20 April 2026

 

20 April 2026

Kropz Plc

("Kropz" or the "Company")

 

Operational Update

 

Kropz Plc (AIM: KRPZ), an emerging African phosphate producer and developer,
announces a trading update for the period to 31 March 2026.

 

Elandsfontein

 

The quarter and financial period closed with a record production month at
Elandsfontein in March 2026, during which 40,792 tonnes of phosphate
concentrate were produced. As previously announced on 24 November 2025,
September 2025 marked a production record of 34,070 tonnes. Since that
announcement, four additional production records have been achieved during the
final six months of the financial period ended 31 March 2026.

 

Elandsfontein produced 115,686 tonnes of phosphate concentrate in Q4 of the
financial period ended 31 March 2026, representing a 11% increase compared to
the previous quarter. Sales for the period totalled 104,900 tonnes.

 

The mine remains in its trial production phase.

 

Hinda Project

 

The Hinda Project has performed a review and assessment of alternative
production scenarios, which involved comprehensive stress testing and other
additional studies. As a result, the complexities associated with both surface
and underground water have been significantly reduced and effectively
mitigates the risk associated through optimisation initiative. Therefore,
management no longer considers water-related challenges to pose a material
risk, contributing to improved overall project profitability. This is a major
milestone and repositions the entire feasibility of the project.

 

For further information visit www.kropz.com (about:blank)  or contact:

 Kropz Plc                         Via Tavistock
 Louis Loubser (CEO)               +44 (0) 207 920 3150

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

 Harrison Clarke

 Ciara Donnelly

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

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

 Jos Simson                        kropz@tavistock.co.uk

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

 Marion Brower                     charmane@rasc.co.za

                                   marion@rasc.co.za

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.

 

-ENDS-

 

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