Kropz PLC Elandsfontein Update regarding Water Tribunal (2124M)

TIDMKRPZ

RNS Number : 2124M

Kropz PLC

20 January 2021

20 January 2021

Kropz Plc

("Kropz" or the "Company")

Elandsfontein Update regarding Water Tribunal ("Tribunal")

Kropz Plc (AIM: KRPZ), an emerging African phosphate explorer and developer, advises that, further to the announcement on 3 September 2020, it has been notified that the hearing against Elandsfontein's valid integrated water use licence ("WUL") has been rescheduled for four days, commencing on 1 February 2021. The Tribunal will be resumed following a postponement in March 2020, ordered by the Chairperson of the Tribunal, following COVID-19 concerns.

The Company would like to advise the market that, in order to allow the Tribunal the appropriate opportunity to fully review the matter, it will not be providing further comment on the official proceedings until the Tribunal has announced its decision. The timing of the decision is currently unknown.

Pending the Tribunal's decision, there is no legal impediment to the continuation of the water use activities authorised in the WUL.

For further information visit www.kropz.com or contact:

 
 Kropz Plc 
 Mark Summers (CEO)              [phone] 
 
 Grant Thornton UK LLP           Nominated Adviser 
 Samantha Harrison 
  Harrison Clarke                [phone] 
 
 Hannam & Partners               Broker 
 Andrew Chubb 
  Ernest Bell                     [phone] 
 
 Tavistock                       Financial PR & IR (UK) 
 Emily Moss                      [phone] 
  Jos Simson                      [e-mail] 
  Oliver Lamb 
 
 R&A Strategic Communications    PR (South Africa) 
 James Duncan                    [phone] 
                                  [e-mail] 
 

About Kropz Plc

Kropz is an emerging African phosphate explorer and developer, with an advanced stage phosphate mining project in South Africa and a phosphate project in 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.

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January 20, 2021 02:00 ET (07:00 GMT)