Elandsfontein Update

RNS Number : 2385X

Kropz PLC

18 December 2019

 

18 December 2019

Kropz Plc
("Kropz" or the "Company")

Elandsfontein Update

Kropz plc (AIM: KRPZ), an emerging African phosphate explorer and developer, advises that, further to the announcement on 11 December 2019, the appeal hearing against Elandsfontein's valid integrated water use licence ("WUL") was heard by the Water Tribunal ("Tribunal") from 11 to 13 December 2019.

The Tribunal however, has requested the continuation of hearing, which is expected to resume on 6 February 2020.

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 Water 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 integrated WUL.

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

Kropz Plc
Ian Harebottle (CEO)	[phone]
Grant Thornton UK LLP	Nominated Adviser
Richard Tonthat Samantha Harrison Ben Roberts	[phone]
Hannam & Partners	Joint Broker
Andrew Chubb Ernest Bell	[phone]
Mirabaud Securities Ltd	Joint Broker
Rory Scott Edward Haig-Thomas	[phone] [phone]
Tavistock	Financial PR & IR (UK)
Emily Moss Jos Simson Oliver Lamb	[phone] [e-mail]
Russell & Associates	PR (South Africa)
James Duncan	[phone] [e-mail]

About Kropz Plc

Kropz is an emerging African explorer and developer of plant nutrient feed minerals with phosphate projects in South Africa and the Republic of Congo ("RoC"), and an exploration asset in Ghana. 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.

Kropz's Elandsfontein Phosphate Project is a near-term producing asset in South Africa's Western Cape Province, close to export infrastructure and primed to take advantage of a recovery in phosphate prices.

The Company's medium-term development asset is the Hinda Phosphate Project in the RoC.

The Company has also secured a prospecting right in Ghana, to undertake further exploration work on the Aflao Project, the potential extension of the well-known, high grade and historically exploited Hahotoe-Kpogame-Kpeme deposit in Togo.

-ENDS-

 

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