Business
Annual Report for the Year Ended 30 June 2021
Annual Report for the Year Ended 30 June 2021.
About this update from Kazera Global Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 4756G\n Kazera Global PLC\n 30 March 2022\n \n \n \n \n 30 March 2022\n \n \n Kazera Global plc\n \n \n Annual Report for the Year Ended 30 June 2021\n \n \n Kazera Global plc (\"Kazera Global\", \"Kazera\" or \"the Company\"), the AIM quoted investment company, is pleased to announce, the Company's annual report for the year ended 30 June 2021 (\"the Period\").\n \n \n \n \n \n CHAIRMAN'S STATEMENT\n \n \n For the year ended 30 June 2021\n \n \n \n \n \n Review of the Period \n \n \n Over the period Kazera has performed well delivering growth whilst developing significant opportunities in the pipeline for the future. The Company remains committed to a diversified portfolio with exposure to the lithium, tantalum, diamonds and heavy mineral sands commodities' markets.\n \n \n \n \n \n We have made noteworthy progress operationally across the portfolio continuing to drive growth and improvement in the Diamond Project in South Africa as well as the Tantalite Valley Mine (\"TVM\") in Namibia. The Diamond project was successfully resumed in October 2020 producing the first \"proof of concept\" batch of 52 carats which were subsequently sold at auction. This first batch was also subsequently followed by 39.94carats being sorted in February 2021, 243.36 in April 2021 and a further 177.12 carats in June 2021, confirming that the Diamond project will be a profitable project on a standalone basis. We remain optimistic for new high-grade development to continue on the asset, further increasing the potential profitability of the project. We remain focused on diamond production on larger stones which would deliver higher market value and maximise returns.\n \n \n \n \n \n In Namibia, exploration at the Tantalite Valley Mine confirmed three different minerals in commercially viable quantities across just 30% of the licence area. Results also delivered strong grades of feldspar, highlighting the potential of the region.\n \n \n \n \n \n We continued to advance discussions with potential investors surrounding the Orange River pipeline. An extensive plant upgrade has led to us putting the plant into test operation using borehole water and adopting an aggressive water recycling policy. Interest remains from local investors in TVM, and the Company continues to explore all avenues.\n \n \...