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:
|
Kazera Global plc
Dennis Edmonds, CEO
|
kazera@stbridespartners.co.uk
|
|
Cavendish Capital Markets Ltd (Nominated Adviser and
Broker)
Derrick Lee / Pearl Kellie
(Corporate Finance)
|
Tel: +44 (0)207 220 0500
|
|
St
Brides Partners (Financial
PR)
Paul Dulieu / Isabel de Salis
|
kazera@stbridespartners.co.uk
|
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.