Kazera Global PLC
20 July 2026
The information contained within this announcement is deemed to constitute inside information as stipulated under the retained EU law version of the Market Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. The information is disclosed in accordance with the Company's obligations under Article 17 of the UK MAR. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
20 July 2026
Kazera Global plc
("Kazera" or the "Company")
US$750,000 Strategic Partnership Payment Received
Kazera Global plc (AIM: KZG), the AIM-quoted investment company, is pleased to announce that it has received the initial advance payment of US$750,000 from South Africa AT Investments (Pty) Ltd ("SAI"), as provided for under the long-term Mining Cooperation and Production Sharing Agreement (the "Agreement") between SAI and the Company's South African subsidiary, Whale Head Minerals (Pty) Ltd ("WHM") which was announced on 9 July 2026.
Receipt of the payment represents the first commercial milestone under the strategic partnership and demonstrates SAI's commitment to the long-term development of WHM's Heavy Mineral Sands ("HMS") assets.
The Agreement establishes a fully funded long-term strategic partnership for the development of WHM's existing Walviskop operations and, subject to the grant of the 2A Mining Right, the future industrial-scale development of the substantially larger 2A Project.
Under the Agreement, SAI will fund 100% of the capital expenditure, mining and processing operating costs, infrastructure, equipment deployment and working capital required for the mining and processing operations covered by the Agreement, whilst WHM retains a continuing 20% entitlement to HMS production and ownership of its mining rights and permits.
The parties will now commence implementation of the Agreement, including preparation of the comprehensive Mine Plan, which will establish production and HMC grade targets for the project.
Following receipt of the US$750,000 payment, together with the recent receipt of the US$500,000 under the Hebei Settlement Agreement, the Company's funding position has been materially strengthened. Accordingly, the Board does not anticipate any requirement for further drawdowns under the existing loan facility provided by Richard Jennings.
A further advance payment of US$1.75 million is payable by SAI upon the grant of the 2A Mining Right.
Richard Jennings, Interim Chief Executive Officer of Kazera, commented: "The receipt of the initial US$750,000 payment marks the first commercial milestone under this important strategic partnership and demonstrates SAI's commitment to the development of our HMS assets.
"Together with the recent receipt of funds under the Hebei Settlement Agreement, this significantly strengthens Kazera's financial position from that which I inherited from previous management and provides us with increased financial flexibility as we move into the next phase of development.
"Our immediate focus is working with SAI on the comprehensive Mine Plan, which will establish the production and grade targets for the project and set out the next phase of development. We look forward to updating shareholders as those milestones are achieved."
ENDS
For further information, visit www.kazeraglobal.com or contact:
|
Kazera Global plc Richard Jennings, Interim Chief Executive Officer |
info@kazeraglobal.com |
|
Strand Hanson Limited (Nominated, Financial Adviser and Broker) Christopher Raggett / Ritchie Balmer |
Tel: +44 (0)207 409 3494 |
|
Zeus Capital Limited (Joint Broker) Harry Ansell / Simon Johnson / Katy Mitchell |
Tel: +44 (0)203 829 5000 |
Notes
Kazera Global plc (LON: KZG) is a diversified commodity investment company focused on unlocking value through production growth and disciplined portfolio management. While production builds at its Whale Head Minerals (Heavy Mineral Sands) and Deep Blue Minerals (diamond) assets in South Africa's Northern Cape province, the Company also continues to assess new opportunities to expand its growth pipeline and deliver sustainable returns.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
ENDRNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.