Kazera Global PLC Investee Company Operational Update (1923K)
April 09 2018 - 3:25AM
UK Regulatory
TIDMKZG
RNS Number : 1923K
Kazera Global PLC
09 April 2018
9 April 2018
Kazera Global
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 Namibia
Tantalite Investment Mine ("NTI" or the "Mine") in Namibia, is
pleased to provide an operational update.
Highlights
-- Aftan's fifth shipment of industry leading high purity
tantalum has been sent to its customer, a global North American
leading tantalum consumer and end user of our tantalum ore ("the
Customer"), with the recent shipment reaching grades of over 40%
purity
-- Discussions continue with a second potential customer who has
confirmed that Aftan has passed its stringent processing and
product audit
-- Tendering process has commenced for the laying of pipework
for the newly approved Orange River Water Project with the
intention of utilising solar power to drive the system
-- Aftan has begun the application process, through a third
party environmental engineering firm, for the certification of the
installation of a larger tailings dam as part of plant upgrades to
continue the planned production ramp and satisfy our potential
future customer base
-- As part of the plant upgrade programme, Aftan has purchased a
new Tractor-Loader-Backhoe ("TLB") to optimise loading of the plant
to enable a continuous running process
Aftan continues to focus on delivering industry leading quality
tantalum shipments from the NTI mine to the Customer and is pleased
to note a fifth shipment with continued high grades of over 40%
purity has been delivered to the Customer.
The planned production ramp up is on schedule and the continued
efforts to sustain the high quality of the product has meant that
the stringent needs of the second potential customer have been met
and, in turn, they have confirmed that Aftan has passed the audit
they were conducting. As the mine scales production and upgrades
aspects of the processing facility, Aftan expects to be in a
position to supply multiple customers.
In line with our continued focus to improve plant efficiencies,
Aftan, through a third party environmental engineering firm, has
started the application process to acquire the certificate required
for the installation of a larger tailings dam. A tendering process
has also commenced for the laying of pipework for the newly
approved Orange River Water Project with the intention of utilising
solar power to drive the system. Moreover, Aftan has purchased a
new TLB to optimise loading of the plant through a continuous
running process. The purchase of the TLB unit aligns with our aim
to cut variable costs through its reduced fuel consumption and its
multi-purpose functionality as a fork lift. These upgrades continue
to improve efficiencies in order to satisfy the current customer
and the potential multiple customer base.
Larry Johnson, CEO, said:
"Significant progress continues at the Mine, with the
application for a larger tailings dam, bidding for the installation
of a system to pull water from the Orange River Water Project
underway and our fifth shipment of industry leading high purity
tantalum being sent to the Customer. I am delighted that our second
potential customer has confirmed that the mine has passed their
audit and encouraged that, in a recent meeting they noted that they
were impressed by our management systems, grades and ability to
work to stringent quality requirements in short order.
At the mine, we continue to focus on increasing efficiencies and
recent upgrades have materially improved the plant, mine and
working conditions for our employees. The purchase of a new TLB,
with multifunctional capabilities, will continue with the reduction
in variable costs and improve overall efficiencies. The board and I
continue to look forward to the future of the Company with optimism
and look forward to updating shareholders on further progress."
**ENDS**
Kazera Global plc (c/o Camarco) Tel: +44 (0)203
757 4980
Larry Johnson (CEO)
finnCap (Nominated Adviser and Tel: +44 (0)20
Joint broker) 7220 0500
Christopher Raggett / Scott
Mathieson / Anthony Adams (corporate
finance)
Simon Johnson (corporate broking)
Shore Capital (Joint broker) Tel: +44 (0)
Mark Percy / Toby Gibbs (corporate 207 408 4090
finance)
Jerry Keen (corporate broking)
Camarco (PR) Tel: +44 (0)
Gordon Poole / James Crothers 203 757 4980
/ Monique Perks
The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulations (EU) No. 596/2014. Upon the publication of this
announcement, this inside information is now considered to be in
the public domain.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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