Kropz PLC Elandsfontein Update (6099N)
February 02 2021 - 1:00AM
UK Regulatory
TIDMKRPZ
RNS Number : 6099N
Kropz PLC
02 February 2021
The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulation (EU) No. 596/2014. Upon the publication of this
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2 February 2021
Kropz Plc
("Kropz" or the "Company")
Elandsfontein Update
Kropz Plc (AIM: KRPZ), an emerging African phosphate explorer
and developer, is pleased to announce an update for its
Elandsfontein phosphate project ("Elandsfontein") located in South
Africa.
Significant progress continues to be made at Elandsfontein and
the project remains on track for achieving the target date for
production in Q4 2021, within the project capital budget. Images of
the progress at site are available online here:
www.kropz.com/projects/elandsfontein/gallery-elandsfontein .
These achievements have been realised against the backdrop of
the unprecedented COVID-19 pandemic. As widely known, South Africa
is currently facing a damaging second wave of COVID-19.
The present focus is primarily on the site-based construction
activities, which are permitted to continue under the current Level
III restrictions. Earthworks are largely complete, and civil
construction is advancing. Fabrication of structural steel,
platework and piping has commenced, and the first major mechanical
equipment has been delivered to site.
The Company's priority remains the health and well-being of its
staff and contractors. Kropz Elandsfontein Pty (Ltd) has adopted
appropriate measures, in accordance with local and international
guidelines, to protect them from COVID-19. The pandemic could,
however, still adversely affect the schedule for Elandsfontein.
The Company will provide further updates on project progress in
early Q2 2021.
For further information visit www.kropz.com or contact:
Kropz Plc
Mark Summers (CEO) +27 (0)79 744 8708
Grant Thornton UK LLP Nominated Adviser
Samantha Harrison
Harrison Clarke
George Grainger +44 (0) 20 7383 5100
Hannam & Partners Broker
Andrew Chubb
Ernest Bell +44 (0)20 7907 8500
Tavistock Financial PR & IR (UK)
Emily Moss +44 (0) 207 920 3150
Jos Simson kropz@tavistock.co.uk
Oliver Lamb
R&A Strategic Communications PR (South Africa)
James Duncan +27 (0)11 880 3924
james@rasc.co.za
About Kropz Plc
Kropz is an emerging African phosphate explorer and developer,
with an advanced stage phosphate mining project in South Africa and
a phosphate project in the Republic of Congo. The vision of the
Group is to become a leading independent phosphate rock producer
and to develop into an integrated, mine-to-market plant nutrient
company focusing on sub-Saharan Africa.
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