Kazera Global PLC Investee Company Operational Update (4626A)
September 12 2018 - 1:00AM
UK Regulatory
TIDMKZG
RNS Number : 4626A
Kazera Global PLC
12 September 2018
12 September 2018
Kazera Global
Investee Company Operational Update
Kazera Global plc ("Kazera Global" or "the Company") the AIM
quoted investment company who, through its stake in African
Tantalum (Pty) Limited ("Aftan"), has an interest in the Namibia
Tantalite Investment Mine ("NTI" or the "Mine") in Namibia,
provides the following operational update.
Highlights
-- 165 core samples from Homestead will be prepared for assay next week by ALS
-- Commencement of channel sampling at Homestead
-- Sub-contracted a third-party earth moving firm
The drilling campaign is transporting its next samples of 165
cores from Homestead and these will be prepared for Assay next week
by the Namibia based ALS.
Channel sampling has now commenced at Homestead with the aim to
define Lithium (spodumene and lepidolite), Tantalum (tantalite)
mineralization as well as the grade of the respective
mineralisation within the Homestead pegmatite.
Additionally, Aftan have now sub-contracted a third-party earth
moving firm who are experts in the southern region, to clear all
the drilling tracks in advance of the drill arriving.
Orange River
Following receipt of the water licence to acquire water from the
Orange River, Aftan will meet with the current bidders involved in
the tender of the Orange River pipeline, to review in detail their
technical proposals and establish a short list of preferred
bidders
Larry Johnson, CEO, said:
"I am pleased to see the preparation of the next 165 core
samples from Homestead in our refreshed strategy to ultimately
define a JORC resource and enable a comprehensive understanding of
the mineralisation across the property. I look forward to updating
shareholders in the near future on the results of this drill
programme.
Over the coming weeks I look forward to meeting with the current
bidders involved in the tender of the Orange River pipeline. I will
be working with Aftan to review the technical proposals of the
seven companies that had previously been invited to inspect the
property and river as part of the tender process."
**ENDS**
Kazera Global plc (c/o Camarco) Tel: +44 (0)203
757 4980
Larry Johnson (CEO)
finnCap (Nominated Adviser and Joint Tel: +44 (0)207
broker) 220 0500
Christopher Raggett / Scott Mathieson
/ Anthony Adams (corporate finance)
Shore Capital (Joint broker) Tel: +44 (0)207
Mark Percy / Toby Gibbs (corporate finance) 408 4090
Jerry Keen (corporate broking)
Camarco (PR) Tel: +44 (0)203
Gordon Poole / James Crothers / Monique 781 8331
Perks
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Regulations (EU) No. 596/2014. Upon the publication of this
announcement, this inside information is now considered to be in
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END
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