Kazera Global PLC Operational Update Namibia Tantalite Valley Mine (0016V)
August 04 2020 - 2:00AM
UK Regulatory
TIDMKZG
RNS Number : 0016V
Kazera Global PLC
04 August 2020
04 August 2020
Kazera Global plc
Operational Update Namibia Tantalite Valley Mine
Kazera Global plc ("Kazera Global", "Kazera" or "the Company"),
the AIM quoted investment company, is pleased to provide an
operational update on progress at the Namibia Tantalite Valley
Mine, Namibia (the "Mine").
Highlights :
-- Kazera has now completed the drilling portion of its Phase ll exploration program
o Preliminary study of the Phase ll cores continues to identify
presence of lithium and tantalite mineralisation within the
intermediate zone of pegmatite at Purple Haze, Snake, Homestead and
Signaalberg
o Homestead, Purple Haze, Snake and Signaalberg have all
outperformed expectations, averaging a 95% pegmatite intersect for
holes drilled
o An estimated 300 drill core samples being prepared to ship to
ALS to be assayed and reported by MSA by the end of 2020
o Lateral and depth extent of the mineralisation host pegmatite
remains open-ended
o Completion of testing on channel samples to demonstrate grade
of established resources is ongoing at White City
-- Based on these positive Phase II results, and a further 70%
of the licence being untested (including White City, due to
mechanical issues), the Company is exploring options for a Phase
III exploration program which would test virgin ground
-- Discussions are well advanced with a new mine operator who
will be responsible for drilling, blasting, processing plant and
earth moving. The proposed mine operator has over 30 years'
experience as a Namibian based company
-- The Orange River Pipeline project has progressed, with Aftan
completing all government compliancy certificates as well as
engaging with local farmers for the installation of the
pipeline
-- Positive discussions continue with a Namibian Investor with
regards to the Orange River Pipeline
-- In keeping with the Company's focus on supporting local
businesses while expanding the network from which Kazera Trading
operates, Kazera Trading has engaged with local mine operators in
Namibia to bring together their mineral samples and have them
analysed at the TVM laboratories. This reduces cost for local
operators while also increasing the reach and capability of Kazera
Trading .
The Company is pleased to announce further strengthening the
African Tantalum Board with the appointment of Mr. Odilon Ilunga
who currently sits on the Kazera Board as an Executive Technical
Director as well as Mr. Tshivute Iipinge who is a Senior Mine
Engineer and Senior Lecturer at the Namibian University of Science
and Technology and is now also African Tantalum's Country
Representative.
Focus at the Mine remains on completing the preparation,
sampling and reporting of Phase ll exploration to further delineate
the extent of resources in the licence area.
As previously announced, COVID-19 has had minimal impact on
operations at the Mine with mine staff adhering to COVID-19 safety
guidelines and testing measures. The pandemic has however impeded
the sending of recovered cores to ALS for assaying and reporting by
MSA Group.
Larry Johnson, Chief Executive Officer of Kazera Global
commented:
"We are delighted to have completed the drilling portion of our
second exploration phase at the Mine. The continued identification
of both lithium and tantalite mineralisation within the same ore
bodies during the process are very positive signs for the economic
viability and efficiency of TVM, particularly with the bulk of the
processing facilities already in place. We look forward to
receiving the results of our Phase II exploration program in the
near future.
"In tandem with our exploration program, the Company has been
focused on increasing the potential of the Mine for production by
achieving significant progress on the Orange River Pipeline
construction and planning. We have been focused on engaging with
local landowners, government and other stakeholders to ensure their
compliance with the building and have been engaging with local
Namibian investors with regards to its financing. We look forward
to updating shareholders on this workflow as progress is
achieved."
For further information on the Company, visit: www. kazeraglobal
.com
Kazera Global plc (c/o Camarco) Tel: +44 (0)203 757 4980
Larry Johnson (CEO)
finnCap (Nominated Adviser and Joint Broker) Tel: +44 (0)207 220 0500
Christopher Raggett / Anthony Adams (corporate
finance)
Camarco (PR)
Gordon Poole / James Crothers / Hugo Liddy Tel: +44 (0)20 3781 8331
**ENDS**
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END
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