Business
Diamond Project Update
Diamond Project Update.
About this update from Kazera Global Plc
[{"type":"text","content":"\n\n28 November 2023\n \n \nKazera Global plc\n(\"Kazera\" or \"the Company\")\n \nDiamond Project Update\nPurchase of Pulsating Diamond Jig\n \nKazera Global plc (AIM: KZG), the AIM-quoted investment company, is pleased to provide an update on operations at its Deep Blue Minerals (\"Deep Blue\") diamond project in Alexander Bay, South Africa.\nOVERVIEW\n· Pulsating diamond jig ordered\n· 20 tons per hour processing capacity\n· Expected to be in operation in early 2024\n· Will overcome diamond gravel processing issues at Alexkor's Muisvlak processing plant\n· Capable of being trailer mounted to increase operational flexibility\nDennis Edmonds, CEO of Kazera Global commented: \"Having recently inspected a pulsating diamond jig in operation, we have placed an order for a unit which will be deployed at Deep Blue Minerals' diamond mining operation in Alexander Bay, South Africa.\n\"Historically, Deep Blue has worked with Alexkor to get its Muisvlak diamond gravel processing plant operating correctly so that it and other contractors in the area can process their diamond gravel. However, despite best efforts, it has become increasingly apparent that achieving this consistently is not achievable in the short term. Deep Blue has therefore received approval from Alexkor to utilise a pulsating jig to process its diamond gravel and then deliver very high concentrate gravels to Alexkor for final sorting and sale. This means that the volumes to be transported will be considerably reduced (so reducing costs) and also means that security of our product will be improved.\n\"Pulsating jigs are widely used for diamond recovery and, with a processing capacity of 20 tons per hour, we believe this purchase provides a cost effective way to swiftly and dramatically improve operations at Deep Blue. \"\nDETAILS\nThe Company remains focused on advancing production at its Deep Blue Minerals Project, in which it holds a 64% interest.\nThe operation is located within the 80km long Alexkor diamond fields, which lies between two historic De Beers operations. The area has been mined for diamonds since 1928 and more than ten million carats of gem quality diamonds have been recovered over the last ninety years or so. It is estimated that there are at lea...