RNS Reach
11 September 2024
Kazera Global plc
('Kazera' or 'the Company)
Investor Presentation
Kazera Global plc, the AIM-quoted investment company, is pleased to announce that Dennis Edmonds, CEO, will provide a live presentation via Investor Meet Company on Thursday 19 September 2024 at 3.00pm BST.
The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via the Investor Meet Company dashboard up until 9.00am BST on Wednesday 18 September 2024, or at any time during the live presentation.
Investors can sign up to Investor Meet Company for free and add to meet Kazera via:
https://www.investormeetcompany.com/kazera-global-plc/register-investor
Investors who already follow Kazera on the Investor Meet Company platform will automatically be invited.
ENDS
For further information visit www.kazeraglobal.com or contact:
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Kazera Global plc Dennis Edmonds, CEO
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Cavendish Capital Markets Ltd (Nominated Adviser and Broker) Derrick Lee / Pearl Kellie (Corporate Finance)
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Tel: +44 (0)207 220 0500 |
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St Brides Partners (Financial PR) Paul Dulieu / Isabel de Salis |
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About Kazera Global plc
Kazera is a global investment company focused on leveraging the skills and expertise of its Board of Directors to develop early-stage mineral exploration and development assets towards meaningful cashflow and production. Its three principal investments are as follows:
Alluvial diamond mining through Deep Blue Minerals (Pty) Ltd, Alexander Bay, South Africa
Kazera currently has a 100% direct interest in Deep Blue Minerals, of which 74% is held beneficially by Kazera and 26% is held on behalf of Black Economic Empowerment partners.
Heavy Mineral Sands mining (including ilmenite, monazite, rutile, and zircon) through Whale Head Minerals (Pty) Ltd, Alexander Bay, South Africa.
Kazera currently has a 70% direct beneficial interest in Whale Head Minerals together with the benefit of a loan facility entitling it to receive approximately £38m out of dividends from the other shareholders.
Tantalite mining in South-East Namibia (divestment in progress)
As announced on 20 December 2022, Kazera has agreed to dispose of African Tantalum (Pty) Ltd ("Aftan") for a cash consideration of US$13 million plus a debenture payment of 2.5% of the gross sales of produced lithium and tantalum for life-of-mine. Completion of the sale is subject to receipt of full consideration proceeds. Aftan has been deconsolidated from the Company's financial statements with effect from 4 January 2023 because in accordance with the terms of the sale agreement, it has relinquished control of the Aftan in favour of the purchaser, Hebei Xinjian Construction Close Corp ("Hebei Xinjian") with effect from that date. Kazera retains the right to cancel the transaction and retain all amounts paid to date in the event of default by Hebei Xinjian.
The Company will consider additional investment opportunities as appropriate, having regard to the Group's future cash flow requirements.
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