Business
First Sale of 10,000 Tonnes of Heavy Mineral Sands
First Sale of 10,000 Tonnes of Heavy Mineral Sands.
About this update from Kazera Global Plc
[{"type":"text","content":"\n\nThis announcement contains inside information for the purposes of Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310. With the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.\n \n1 April 2025\nKazera Global plc\n(\"Kazera\", \"the Group\" or \"the Company\")\n \nFirst Sale of 10,000 Tonnes of Heavy Mineral Sands\n \nKazera Global plc (AIM: KZG), the AIM-quoted investment company, is delighted to announce that its subsidiary, Whale Head Minerals (Pty) Ltd (\"WHM\"), has issued its first invoice for the sale of 10,000 metric tonnes of heavy mineral sands (\"HMS\") to Fujax South Africa (Pty) Ltd (\"Fujax\") under its sales and offtake agreement (the \"Agreement\") (see RNS dated 12 December 2024).\n \nThis initial sale of 10,000 tonnes surpasses the originally expected initial sale of 6,000 tonnes. The commencement of HMS sales marks a significant milestone for both WHM and the Group. It also highlights the growing strength of WHM's operations and its increasing contribution to Kazera's overall success.\n \nHIGHLIGHTS\n· Sale of 10,000 tonnes of HMS, exceeding initially expected 6,000 tonnes.\n· WHM will be paid 80% of the anticipated final sales price (less costs) on invoice.\n· The balance of the sales price, less costs, shall be paid to WHM within 5 days of the final sale of the product.\n· WHM and Fujax will work together to build a stockpile and to improve the grade of the HMS.\n· Fujax is responsible for, and shall carry all the costs of, transporting, processing assaying and selling the HMS, together with paying all taxes, levies, duties, custom clearance, loading and other charges.\n \nDennis Edmonds, Chief Executive Officer of Kazera Global plc commented: \"This is a landmark and transformative moment for Kazera Global. Whale Head Minerals is incredibly fortunate to have such a rich mineral resource that can generate cash with minimal processing. The sale of this initial 10,000 tonnes, which exceeds our initial expectations, demonstrates the strength of the operational capabilities of our investee company. The focus now is on improving margins by cutting transport costs and improving the purity of the end product...