Kazera Global PLC Operational Update (5346U)
30 July 2020 - 4:00PM
UK Regulatory
TIDMKZG
RNS Number : 5346U
Kazera Global PLC
30 July 2020
30 July 2020
Kazera Global plc
Operational Update
Kazera Global plc ("Kazera Global", "Kazera" or "the Company"),
the AIM quoted investment company, is pleased to provide the market
with an update on progress following its acquisition of Deep Blue
Minerals on the 15(th) of last month:
-- The Company has successfully negotiated the purchase of all
necessary machinery and equipment for the commencement of
operations.
-- All of the machinery and equipment has now been delivered to
the Company's operational site in the Western Cape and has been
made "mine ready".
-- All necessary staff have been recruited and have successfully
undergone the required medical and security checks, as well as the
mandated training.
-- The above have all been achieved within budget and ahead of anticipated time scales.
-- Deep Blue Minerals have secured a sub-contract to mine beach
diamonds in addition to the existing sub-contract to mine land
diamonds.
-- Diamond mining will commence on 3 August 2020.
Further to progress on the Company's South African interests,
the Company is pleased to note the successful completion of its
most recent drilling campaign at its Tantalum Project in Namibia. A
further Operational Update specifically on the Tantalum Project
will be announced shortly as appropriate.
Dennis Edmonds, the Kazera Executive Director managing the
Alexander Bay projects, commented:
"Considering the enormous obstacles imposed by Covid-19, the
team have done a fantastic job in sourcing the necessary equipment
from all over South Africa and getting it to site as quickly as
they have and comfortably within budget. This could never have been
achieved without our drive to meet our commitments to our
shareholders or without the help and support of the concession
holder, Alexkor RMC JV ."
For further information on the Company, visit: www. kazeraglobal
.com
Kazera Global plc (c/o Camarco) Tel: +44 (0)203 757 4980
Larry Johnson (CEO)
finnCap (Nominated Adviser and Joint Broker) Tel: +44 (0)207 220 0500
Christopher Raggett / Anthony Adams (corporate
finance)
Camarco (PR)
Gordon Poole / James Crothers / Hugo Liddy Tel: +44 (0)20 3781 8331
**ENDS**
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END
UPDBIGDRXGDDGGC
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