This announcement contains inside
information for the purposes of Regulation 11 of the Market Abuse
(Amendment) (EU Exit) Regulations 2019/310. With the publication of
this announcement via a Regulatory Information Service, this inside
information is now considered to be in the public
domain.
20 November 2024
Kazera
Global plc
("Kazera" or "the Company")
Environmental Authorisation
Secured for Perdevlei
Kazera Global plc (AIM: KZG), the
AIM-quoted investment company, is delighted to announce that its
subsidiary, Whale Head Minerals (Pty) Ltd ("WHM"), has been granted
Environmental Authorisation ("EA") by the South African
Government's Department for Mineral Resources and Energy ("DMRE")
for the Perdevlei (2a) concession ("Perdevlei") (See RNS dated 15
October 2024).
This significant milestone, achieved
well ahead of the anticipated January 2025 timeline, brings WHM
closer to securing a mining right for the circa 3,095 hectare
Perdevlei concession ("Mining Right"), which contains approximately
170 hectares of high-grade heavy mineral sands ("HMS") deposits
that are believed to be suitable for immediate mining.
​
The granting of the EA follows WHM
providing an environmental guarantee under South Africa's stringent
National Environmental Management Act ("NEMA"). The Company will
now notify all registered interested and affected parties
("I&APs) that the EA has been granted. The I&APs then have
21 days in which to lodge any appeals against the granting of the
EA. If no appeals are received, it is expected that the DMRE will
proceed to issue the Mining Right.
Dennis Edmonds, Chief Executive Officer of Kazera Global plc
commented: "
"I
am delighted we have received the Environmental Authorisation for
the Perdevlei concession so quickly, and months ahead of
expectations. Full credit is due to the DMRE for their
professionalism and efficiency in dealing with this
matter.
"This swift approval marks a significant step forward for the
Company as we progress towards obtaining a Mining Right for
Perdevlei. Obtaining the EA approval over two months earlier than
expected has considerably advanced our timetable. While there is
always the potential for delays, receiving Environmental
Authorisation early puts us in an even stronger position to secure
the mining right early in Q1 2025.
"With Walviskop nearing revenue generation, Perdevlei offers
an incredible opportunity to scale up HMS operations and accelerate
growth in this mineral-rich area of South
Africa."
**ENDS**
|
Kazera Global plc 
Dennis Edmonds, CEO
|
kazera@stbridespartners.co.uk
 
|
|
Cavendish Capital Markets Ltd
(Nominated Adviser and Broker)
Derrick Lee / Pearl Kellie
(Corporate Finance)
 
|
Tel: +44
(0)207 220 0500
|
|
St Brides
Partners (Financial
PR)
Paul Dulieu / Isabel de Salis 
|
kazera@stbridespartners.co.uk
  
|
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 has 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 is subject to receipt of full consideration
proceeds. Aftan has been deconsolidated from the Company's
financial statements with effect from 4 January 2023 because in
accordance with the terms of the sale agreement, it has
relinquished control of the Aftan in favour of the purchaser, Hebei
Xinjian Construction Close Corp ("Hebei Xinjian") with effect from that
date. Kazera retains the right to cancel the transaction and retain
all amounts paid to date in the event of default by Hebei Xinjian.
The Company is now instituting legal proceedings against Hebei for
payment of the balance due to it.
The Company will consider additional
investment opportunities as appropriate, having regard to the
Group's future cash flow requirements.
