Business
Annual Report for the Year Ended 30 June 2020
Annual Report for the Year Ended 30 June 2020.
About this update from Kazera Global Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 0384U\n Kazera Global PLC\n 31 March 2021\n \n \n \n \n 31 March 2021\n \n \n Kazera Global plc \n \n \n Annual Report for the Year Ended 30 June 2020\n \n \n Kazera Global plc (\"Kazera Global\", \"Kazera\" or \"the Company\"), the AIM quoted investment company, is pleased to announce, further to the granting of an extension for the reporting and filing of its financial results, the Company's annual report for the year ended 30 June 2020 (\"the Period\").\n \n \n \n \n \n CHAIRMAN'S STATEMENT\n \n \n For the year ended 30 June 2020\n \n \n \n \n \n Review of the Period\n \n \n The period began with significant operational progress being achieved on defining a JORC compliant resource at our Tantalite Valley Mine ('TVM'), in which we now own a 100% indirect interest. Beginning in July, the Company realised a significant step for TVM, reporting its maiden JORC Compliant Mineral Resource over the Homestead and Purple Haze deposits. With a combined total indicated and inferred tantalite and lithium Mineral Resource estimate of 324.6 thousand tonnes, having only tested a fraction of our licence, TVM has proven itself to be world class in potential. \n \n \n \n \n \n These initial results were subsequently followed by a further JORC compliant Mineral Resource Estimate in August over the Purple Haze and White City Pegmatites which delivered further resources for the Company.\n \n \n \n \n \n As a result of the considerable evidence of the potential at TVM, the Company sought to begin a second phase of exploration which would be a cost-effective strategy of identifying further resource at the Mine. This second phase would include approximately 2,000 metres of drilling over the White City, Homestead and Purple Haze deposits whilst testing potentially mineralised zones at Signaalberg. The Company believe that the results of the second phase is vital for the Company to engage in discussions with potentially interested parties for the next stage of project funding. \n \n \n \n \n \n Following the Company raising £400,000 via an equity placing in August to fund the second phase of exploration at TVM, exploration began, in tandem with further results being collected from the first phase. These results further bolstered the JORC Compliant Mineral Resource Estimate across TVM to 622,2...