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Share Name Share Symbol Market Type Share ISIN Share Description
Kazera Global Plc LSE:KZG London Ordinary Share GB00B830HW33 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 1.425 1.40 1.45 1.425 1.375 1.425 114,926 08:00:05
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -1.3 -0.4 - 10

Kazera Global PLC Operational Update

30/07/2020 7:00am

UK Regulatory (RNS & others)


Kazera Global (LSE:KZG)
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RNS Number : 5346U

Kazera Global PLC

30 July 2020

30 July 2020

Kazera Global plc

Operational Update

Kazera Global plc ("Kazera Global", "Kazera" or "the Company"), the AIM quoted investment company, is pleased to provide the market with an update on progress following its acquisition of Deep Blue Minerals on the 15(th) of last month:

-- The Company has successfully negotiated the purchase of all necessary machinery and equipment for the commencement of operations.

-- All of the machinery and equipment has now been delivered to the Company's operational site in the Western Cape and has been made "mine ready".

-- All necessary staff have been recruited and have successfully undergone the required medical and security checks, as well as the mandated training.

   --      The above have all been achieved within budget and ahead of anticipated time scales. 

-- Deep Blue Minerals have secured a sub-contract to mine beach diamonds in addition to the existing sub-contract to mine land diamonds.

   --      Diamond mining will commence on 3 August 2020. 

Further to progress on the Company's South African interests, the Company is pleased to note the successful completion of its most recent drilling campaign at its Tantalum Project in Namibia. A further Operational Update specifically on the Tantalum Project will be announced shortly as appropriate.

Dennis Edmonds, the Kazera Executive Director managing the Alexander Bay projects, commented:

"Considering the enormous obstacles imposed by Covid-19, the team have done a fantastic job in sourcing the necessary equipment from all over South Africa and getting it to site as quickly as they have and comfortably within budget. This could never have been achieved without our drive to meet our commitments to our shareholders or without the help and support of the concession holder, Alexkor RMC JV ."

For further information on the Company, visit: www. kazeraglobal .com

 
 Kazera Global plc (c/o Camarco)                    Tel: +44 (0)203 757 4980 
  Larry Johnson (CEO) 
 
   finnCap (Nominated Adviser and Joint Broker)       Tel: +44 (0)207 220 0500 
   Christopher Raggett / Anthony Adams (corporate 
   finance) 
 
   Camarco (PR) 
   Gordon Poole / James Crothers / Hugo Liddy        Tel: +44 (0)20 3781 8331 
 

**ENDS**

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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(END) Dow Jones Newswires

July 30, 2020 02:00 ET (06:00 GMT)

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