TIDMKZG
RNS Number : 0894A
Kazera Global PLC
17 January 2020
January 17, 2020
Kazera Global plc
2019 Activities Review and Investee Company Operational
Update
Kazera Global plc ("Kazera Global" or "the Company"), the AIM
quoted investment company who, through its stake in African
Tantalum (Pty) Limited ("Aftan"), has an interest in the Tantalite
Valley Mine ("TVM " or the "Mine") in Namibia, is pleased to
provide the following operational update ahead of the Company's AGM
later today.
Highlights
Exploration Drill Programme
-- Commenced Phase ll Drilling Program to continue the
comprehensive understanding of the mineralisation on the property
and to further identify the fundamental and future value of the
operation
-- Initial drilling of 600 meters in both Purple Haze and
Homestead locations using a new drilling company, Adamas, a
Namibian based drilling company that has more than 24 years'
experience
-- Adamas has commissioned the use of a second man carry rig
which has enabled the Company to split the activities of each rig
to ensure a more efficient and timely completion of Phase II of the
drill programme
-- Kazera has enlisted a third-party Namibian earth moving firm
[EBC] with experience working in challenging mountainous terrain.
This allows for all Phase II site preparations to be made before
drillers arrive on site. The management of this is being
coordinated with our JORC 2012 signatory, MSA Group
-- The Company have contracted a third-party Namibian firm, Spes
Bona, to manage the water needed for Phase II drilling. To date
they have run more than 2 kilometres of piping from bore holes and
installed several storage tanks.
Purple Haze and Homestead
-- Purple Haze continues to show both Lithium and Tantalite
mineralization in the physical core samples drilled
-- During the later stages of Phase I and now during Phase II,
the Company has been the first to drill virgin ground on the
opposite side of the historical trench which is on the south
eastern mountainous side
-- Thus far each hole has intersected pegmatite as well as the
continued visible signs of both Tantalite and Lithium in the same
ore body
-- Phase ll holes at Homestead also have intersected continued Pegmatites
Signalberg
-- The Company intends to move one of the man-carry rigs to
Signalberg having previously considered Signalberg to be out of
reach due to the incline and terrain.
Water Management
In efforts to reduce diesel usage, the Company has endeavoured
to utilize solar panels to power all water bore holes across the
property. Additionally, the Company has installed a bulk diesel
system directly at the village generator which enables the Company
to have access to 50 days of energy supply from the generator and
become much more energy and time efficient.
For further efficiency gains, the Company has now electronically
measured all bore hole depths ensuring all solar pumps are the same
depth and have installed a low-cost submersible pump at the main
pump station. Kazera has maintained the original lister diesel
engine as a backup system while reducing the everyday diesel
consumption to our main pumping station.
Additionally, Kazera has installed water meters at each bore
hole and pumping station in order to monitor water feeds daily.
This assisted the Company in successfully passing a recent site
visit by the Namibian Government's Geological Department who
monitors water throughout all mines in Namibia.
Kazera Trading
As announced in the Company's Full Year Results in December,
Kazera Global has registered Kazera Trading, in both Namibia and
the UK, as a subsidiary to Kazera Global. Kazera Trading will
function as an ore trading arm of the Company facilitating the
global movement of resources such as tantalum, through leveraging
the experience of Kazera's management within the supply chain.
Initially, the Company will focus on the movement of Tantalite and
Niobium products directly to the end user. Initial trades have
already been agreed and the Company has a first small shipment out
for approval in order for the end user to test the supply chain.
The Company will provide further updates in due course.
Kazera has also recently signed exclusivity agreements with
several EPL (Exploration Licensed) areas within Namibia with a
focus to add tonnage to the existing TVM plant while establishing
some level of artisanal supply from these sites.
Working Capital
The Company has the working capital necessary to complete the
Phase II Drilling Programme and, in addition, expects to generate
small revenue streams through Kazera Trading as initial shipments
are sent to potential end user customers.
Larry Johnson, Chief Executive Officer of Kazera Global,
said:
"Having now moved to the Mine permanently, I am delighted to now
see operations progressing daily. Our first phase of drilling was a
success and has given the Company the confidence to now proceed
with a second phase; the first phase having only de-risked 30% of
our over 450-hectare licence.
"We continue to communicate with global leaders and users of our
products and are pleased to see more parties signing NDA's to view
the mine and our operations.
"Furthermore, I am conscious to utilise the boards expertise and
I am working to diversify us beyond the Mine by using it as a
launch pad within Namibia to upgrade products while building a
global supply chain through Kazera Trading.
"Finally, the continued support of our investors is not taken
lightly and is appreciated as we remain committed to building value
and growing the business. I look forward to updating shareholders
further throughout 2020."
**ENDS**
Kazera Global plc (c/o Camarco) Tel: +44 (0)203
Larry Johnson (CEO) 757 4980
finnCap (Nominated Adviser and Tel: +44 (0)207
Joint broker) 220 0500
Scott Mathieson / Anthony Adams
(corporate finance)
Shore Capital (Joint broker) Tel: +44 (0)207
Jerry Keen (corporate broking) 408 4090
Peterhouse Capital Limited Tel: +44 (0)207
Duncan Vasey / Lucy Williams 220 9797
Camarco (PR)
Gordon Poole / James Crothers /
Monique Perks
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END
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