2 December 2024
Kazera Global
plc
("Kazera" or the
"Company")
Appointment of Nominated
& Financial Adviser and Broker
Kazera Global plc (AIM: KZG), the
AIM-quoted investment company, announces that it has appointed
Strand Hanson Limited as Nominated & Financial Adviser and
Broker to the Company with immediate effect.
Additional information is disclosed
below pursuant to AIM Rule 17 and Schedule 2(g) of the AIM Rules
for Companies.
**ENDS**
For
further information, please visit the Company's website
at www.kazeraglobal.com
or
contact:
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 will consider additional
investment opportunities as appropriate, having regard to the
Group's future cash flow requirements.
Additional information disclosed pursuant to AIM Rule 17 and
Schedule 2(g) of the AIM Rules for Companies:
Geoffrey Peter Eyre, Non-Executive
Director of the Company, appointed on 8 July 2022:
At the time of the publication of
his appointment announcement, Mr Eyre held the following additional
previous directorships within the last 5 years:
·
Avesoro Services (UK) Limited
·
AAA Exploration Burkina Limited
·
Emerald Ex BV
·
Ruby Ex BV
·
Sapphire Ex BV
·
Topaz Ex BV
·
Thani Stratex Djibouti Limited
·
Bea Mountain Mining Corporation
