Business
Interim Results for the 6-months ended 31 Dec 2020
Interim Results for the 6-months ended 31 Dec 2020.
About this update from Kazera Global Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 0385U\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 Interim Results for the six months ended 31 December 2020\n \n \n \n \n \n Kazera Global plc (\"Kazera Global\", \"Kazera\" or \"the Company\"), the AIM quoted investment company, is pleased to announce its unaudited interim results for the six months ended 31 December 2020 (\"the Period\").\n \n \n Highlights:\n \n \n Operational\n \n \n · \n Significant operational progress at both the Company's Diamond project in South Africa and Tantalite Valley Mine in Namibia\n \n \n · \n Diamond project restarted production in October 2020, with the first \"proof of concept\" batch of 52 carats being sold at auction\n \n \n · \n Further strong exploration results achieved at Tantalite Valley Mine, with exploration over just 30% of the licence area confirming the presence of three different minerals in commercially viable quantities\n \n \n \n \n \n Post Period\n \n \n · \n Investment package agreed, subject only to banking due diligence, with a local Namibian investor for €9,130,000 via equity and convertible loans at a price of €0.03142 per share.\n \n \n · \n Continued production at Diamond Project, with 242 carats being sorted in February, which, assuming a sale price of $200 per carat, makes the Diamond project profitable on a standalone basis \n \n \n · \n New, potentially higher grade block opened at Diamond asset, which could materially increase the profitability of the Diamond project\n \n \n · \n Delays to the issuance of the Company's Mining Permit and Prospecting Licence at the Heavy Mineral Sands Project as a result of the COVID pandemic, easing\n \n \n \n \n \n Larry Johnson, CEO of Kazera Global, said:\n \n \n \"The outlook for Kazera has changed considerably since our last interim results. We now control 100% of one of the premier tantalite mines in the world and a significant stake in a cash generative diamond mine and an extremely exciting Heavy Mineral sands opportunity in South Africa.\n \n \n Significant progress has been achieved across our portfolio and I can say with some confidence that we look to enter 2021 in one of the strongest positions the Company has ever been in.\"\n \n \n \n For further information on the Company, visit: \n \n \n www.\n \n \n kazerag...