logo-loader
viewKazera Global PLC

Kazera Global: Will Purple Haze tantalum resource results be blowin', blowin' investors' minds?

Well, if you are going to name your Namibian asset after a song by the great axe-man, Jimi Hendrix, then we at Proactive are honour-bound to make a not-so-subtle reference to said hit in our title and caption

jimi hendrix
Excuse me while I kiss the sky: The mining investment group believes there is significant potential for upgrades to the current estimate, which stands at 326,600 tonnes in the indicated and inferred categories

Kazera Global PLC (LON:KZG) hailed the potential of the Homestead and Purple Haze tantalum deposits in Namibia following the completion of a maiden JORC resource for the pair.

Results from Purple Haze exceeded expectations and the mining investment group believes there is significant potential for upgrades to the current estimate, which stands at 326,600 tonnes in the indicated and inferred categories.

There were strong grades of tantalite across both areas, giving an average 323 parts per million tantalum pentoxide and a high of 911 parts.

“Today's result represents the first of a number of phases in identifying the total mineralization on the portfolio," said chief executive Larry Johnson.

Kazera owns an indirect interest in the twin deposits through its 75% holding in African Tantalum, or Aftan for short, which in turn owns Namibia Tantalite Investment Mine, which is developing Homestead and Purple Haze.

CEO Johnson confirmed: “The initial resource numbers at Purple Haze were ahead of what we initially expected and we look forward to additional resources there and at White City, Signaalberg and through additional drilling at Homestead.

“With a water supply option, government certified via the Orange River, and a maiden JORC-compliant mineral resource confirmed, NTI continues to show the capacity to become a long-term mine for stable production.”

Quick facts: Kazera Global PLC

Price: 0.445 GBX

AIM:KZG
Market: AIM
Market Cap: £1.57 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

NQ Minerals' David Lenigas updates as it looks to nearly double mining...

NQ Minerals PLC's (NEX:NQMI)(OTCQB:NQMLF) David Lenigas speaks to Proactive London's Andrew Scott after announcing they're to contract a second, high capacity mining dredge to boost its mining operations at the Hellyer project in Tasmania. The second dredge has a capacity to move 100 tonnes...

11 hours, 23 minutes ago

2 min read