Business
Operational & Corporate Update - Replacement
Operational & Corporate Update - Replacement.
About this update from Kazera Global Plc
[{"type":"text","content":"\n\n30 July 2024\n \nThis announcement replaces RNS Number 3985Y which was notified at 10:30am on 30th July 2024. The shareholding of Catalyse has been corrected to reflect its interest in 280,000,000 ordinary shares in the Company. Catalyse's shareholding in Kazera represents 29.9% of Company's issued share capital (as stated in the original announcement and in the TR-1 notified on 16 July 2024).\n \nThis announcement contains inside information\n \nKazera Global plc\n(\"Kazera\" or \"the Company\")\n \nOperational & Corporate Update\n \nKazera Global plc (AIM: KZG), the AIM-quoted investment company, is pleased to provide an update on key operational and corporate developments.\n \nHighlights\n· Start of diamond sands mining and processing at Deep Blue Minerals.\n· Optimistic about the imminent start of heavy mineral sands production at Whale Head Minerals - strong indications received regarding the National Nuclear Regulator permit.\n· Board to be strengthened with the proposed appointment of Dr John Wardle as Chairman.\n \nDeep Blue Minerals (diamonds)\nMining of diamond sands is underway, with initial processing at Alexkor's Muisvlak plant. The resulting diamond sands concentrate will be stockpiled and then processed by the Company using a FlowSort, which employs X-Ray technology to identify diamonds. Following this, secure and supervised hand sorting and grading of the diamond output will be conducted before the diamonds are prepared for sale. Ahead of its commissioning, Alexkor required the manufacturer to make several minor adaptations to the FlowSort, which have now been completed. Accordingly, the FlowSort has been signed off by the manufacturer, with Alexkor's approval pending.\n \nWhale Head Minerals (heavy mineral sands)\nThe Company is awaiting the grant of a permit from the National Nuclear Regulator (\"NNR\") and can confirm that all required submissions have now been made and approved by NNR. The Company is confident that the permit will be received imminently. Upon receipt, and implementation of any further requests by the NNR, heavy mineral sands production will be able to commence, with custom made, on-site plant and machinery ready for processing.\n \nAdditionally, the Company remains engag...