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Kazera Global PLC (KZG)

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Thursday 30 July, 2020

Kazera Global PLC

Operational Update

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 15th 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)

Larry Johnson (CEO)

Tel: +44 (0)203 757 4980

 

finnCap (Nominated Adviser and Joint Broker)

Christopher Raggett / Anthony Adams (corporate finance)

 

Tel: +44 (0)207 220 0500

 

Camarco (PR)

Gordon Poole / James Crothers / Hugo Liddy

 

 

    Tel: +44 (0)20 3781 8331

 

**ENDS**


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