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Kazera Global PLC

Kazera Global begins drilling in Tantalite Valley to establish JORC resource

The AIM-listed resources investment group said early drill cores from the MSA Group, which it commissioned to carry out an exploration programme in June, were “highly encouraging”

Mine
The focus on a total resource has led to several approaches from potential customers

Kazera Global PLC (LON:KZG) has commenced a drilling campaign to establish a JORC resource at its Namibia Tantalite Investment Mine (NTI).

The AIM-listed resources investment group said early drill cores from the MSA Group, which it commissioned to carry out an exploration programme in June, were “highly encouraging” with the programme ultimately intended to establish a JORC resource and understand the mineralisation on the property as well as the future value of the operation.

READ: Kazera Global gains as it commissions MSA Group to carry out exploration programme in Namibia

The firm added that mining had continued at the Homestead pegmatite, an area of the site, and was producing stockpiled Tantalite and Lithium-bearing ore for future processing, with its investee company African Tantalum Limited (Aftan) ceasing ore processing while the exploration campaign took place and a long-term mine plan was developed.

Kazera also said that the focus on a total resource definition had led to several approaches from additional potential customers for Aftan’s product.

At its Orange Water project, the company said after receiving a license to acquire water from the Orange River, Aftan had 7 companies inspect the property and river as part of the tender process on the Orange River pipeline, which would assist future strategic planning.

Larry Johnson, chief executive of Kazera Global, said: “The strategic focus on truly understanding the mineralisation on the licence is critical to extract, in the long term, the most value out of Tantalite Valley.”

He added that the strategic shift had been supported by Aftan’s existing customer as well as “vindicated” by approaches from a wider group of potential customers.

Quick facts: Kazera Global PLC

Price: £0.01

Market: AIM
Market Cap: £1.5 m
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