Kennedy Ventures PLC Investee Company Operational Update (3784E)
2018年2月9日 - 4:01PM
RNSを含む英国規制内ニュース (英語)
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RNS Number : 3784E
Kennedy Ventures PLC
09 February 2018
9 February 2018
Kennedy Ventures plc
Investee Company Operational Update
Kennedy Ventures plc ("Kennedy Ventures" or "the Company), the
AIM quoted investment company who, through its stake in African
Tantalum (Pty) Limited ("Aftan"), has an interest in the Namibia
Tantalite Investment Mine in Namibia, is pleased to provide an
operational update.
Highlights
-- Fourth shipment of industry leading high-grade tantalum to
its customer, a global North American leading tantalum consumer and
end user of our tantalum ore ("the Customer"), with the recent
shipment reaching grades of over 51% purity
-- Communication continues with a potential second customer around supply of tantalum
-- Aftan has initiated discussions with a third potential customer
-- Aftan has hired additional personnel to increase plant
efficiencies including an exploration geologist, interim Chief
Finance Officer and senior metallurgist
-- Aftan has begun working with two different environmental
groups to consider further plant upgrades with the planning of a
new Tailings Dam
Aftan continues to focus on delivering industry leading quality
tantalum shipments from the NTI mine to the Customer and is pleased
to note a fourth shipment with a grade of over 51% has been
delivered to the Customer. This most recent shipment reiterates
Aftan's focus on the quality of its shipments which continue to
improve as the plant is upgraded further, attracting the attention
of two further potential customers in addition to the primary
Customer.
Aftan has made significant progress on further exploration at
the mine with the first 100 drill core samples sent to ALS Group as
part of the process to better understand the Homestead and
Lepidolite ore bodies. To aid the process, Aftan has hired an
exploration geologist whose primary focus will be to guide further
core drilling.
In line with our continued focus to improve plant efficiencies,
Aftan has made further additions to its team based at the mine,
hiring Mr John Fahy as Interim Chief Finance Officer and Mr Odilon
Ilunga as a metallurgist. Both join with significant and highly
valuable experience.
Initial environmental studies have also begun with two
environmental groups engaged to consider the effects of a new
Tailings Dam to increase water capacity for the mine.
Background to new personnel
John Fahy joins the Company with 40 years of cross-sector
experience, most recently as Managing Director of Nampak, the
largest packaging company in South Africa. John has held various
financial auditing consulting positions and was also a Director and
Owner of National Spice Group which was later sold to the Bidvest
Group.
Mr Odilon Ilunga is a Lecturer at the University of Namibia and
has worked in the mining industry for over 17 years. A resident of
Namibia, Mr Ilunga's career has been focused on the overseeing and
managing of Mineral Processing Plants in the Democratic Republic of
Congo and Namibia.
Larry Johnson, CEO of Kennedy Ventures, commented:
"Operations at the Mine continue at pace and the business
remains in robust health with our shipments continuing to improve
in quality; satisfying our Customer's stringent requirements.
Further customer interest is testament to the dedication and
hard work of the team at the mine and could not have been done
without the ongoing support and patience of our shareholders. We
remain focused on and excited about our investment in Aftan and
look forward to updating the market as further milestones are
achieved through 2018."
Kennedy Ventures plc (c/o Camarco) Tel: +44 (0)203
757 4980
Larry Johnson (CEO)
finnCap (Nominated Adviser Tel: +44 (0)20
and Joint broker) 7220 0500
Christopher Raggett / Scott
Mathieson / Anthony Adams (corporate
finance)
Simon Johnson (corporate broking)
Shore Capital (Joint broker) Tel: +44 (0) 207
Mark Percy / Toby Gibbs (corporate 408 4090
finance)
Jerry Keen (corporate broking)
Camarco (PR) Tel: +44 (0) 203
Gordon Poole / James Crothers 757 4980
/ Monique Perks
The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulations (EU) No. 596/2014. Upon the publication of this
announcement, this inside information is now considered to be in
the public domain.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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