Kropz PLC Hinda Update (9240N)
04 February 2021 - 6:00PM
UK Regulatory
TIDMKRPZ
RNS Number : 9240N
Kropz PLC
04 February 2021
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4 February 2021
Kropz Plc
("Kropz" or the "Company")
Hinda Update
Kropz Plc (AIM: KRPZ), an emerging African phosphate explorer
and developer, is pleased to announce an update for its Hinda
phosphate project ("Hinda"), located in the Republic of the Congo
("RoC").
Kropz has appointed Hatch Africa (Pty) Ltd ("Hatch"), a leading
global engineering and construction firm, to complete the updated
feasibility study ("Updated FS") on Hinda. This follows the
conclusion of the focussed logistics study, completed by Hatch in
September 2020. The Updated FS will target a phased approach in
line with the terms of the mining investment agreement, with
initial production of one million tonnes per annum ("Mtpa") of
phosphate rock being exported from the existing port facility at
Pointe-Noire, which is 50 km from Hinda. A second phase production
ramp-up of two Mtpa will also be evaluated with export from a new
port site, located north of Pointe-Noire.
The RoC is experiencing its second wave of the COVID-19
pandemic. However, this is not currently impacting on the work
schedule being undertaken by Hatch.
The Updated FS will be concluded by the end of September 2021.
The Company will announce the results as soon as they become
available.
For further information visit www.kropz.com or contact:
Kropz Plc
Mark Summers (CEO) +27 (0)79 744 8708
Grant Thornton UK LLP Nominated Adviser
Samantha Harrison
Harrison Clarke
George Grainger +44 (0) 20 7383 5100
Hannam & Partners Broker
Andrew Chubb
Ernest Bell +44 (0)20 7907 8500
Tavistock Financial PR & IR (UK)
Emily Moss +44 (0) 207 920 3150
Jos Simson kropz@tavistock.co.uk
Oliver Lamb
R&A Strategic Communications PR (South Africa)
James Duncan +27 (0)11 880 3924
james@rasc.co.za
About Kropz Plc
Kropz is an emerging African phosphate explorer and developer,
with an advanced stage phosphate mining project in South Africa and
a phosphate project in the Republic of Congo. The vision of the
Group is to become a leading independent phosphate rock producer
and to develop into an integrated, mine-to-market plant nutrient
company focusing on sub-Saharan Africa.
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