logo-loader
viewKazera Global PLC

Kazera Global boosts resource base at its already producing Nambian tantalum mine

Kazera has also established a new trading arm, which has already agreed its initial trades

Kazera Global PLC -

Kazera Global PLC (LON:KZG) has completed a maiden JORC resource estimate for the White City pegmatite as part of the ongoing exploration programme at the Namibia Tantalite Investment Mine (NTI).

The White City resource rings in at 297,000 tonnes of tantalite in the inferred category, at an average grade of 105 parts per million (ppm).

It takes the total resource across White City, Purple Haze and Homestead up to 622,200 tonnes of lithium and tantalite.

Further to the highly encouraging ongoing exploration activity at NTI, the company has registered a subsidiary named Kazera Trading, which will operate in conjunction with Kazera Global. Kazera Trading will function as an ore trading arm of the company. Initial trades have already been agreed and the company will provide further updates shortly.

The White City pegmatite is located northeast of the Homestead pegmatite, where the current mining operation is focused at Tantalite Valley.

 White City is a dome-shaped pegmatite, with visible tantalum-lithium mineralisation on exposed pegmatite faces. Portions of the White City pegmatite are exposed on a slope parallel with the dip of the pegmatite body, as well as in a relatively large open-pit excavation on the eastern exposure of the pegmatite body. White City has previously been explored and partially mined from the open cut and other historical small-scale mining from exposures on the dip-slope.

Quick facts: Kazera Global PLC

Price: 0.45 GBX

AIM:KZG
Market: AIM
Market Cap: £1.59 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

Full interview: Argo Blockchain CEO 'super optimistic on 2020' as it...

Argo Blockchain PLC's (LON:ARB) Peter Wall chats to Proactive London's Andrew Scott soon after assuming the role of CEO. He says they're ahead of schedule to reach their goal of 17,000 installed machines by the end of the first quarter of this year. ''2020 is really about optimising what...

13 hours, 48 minutes ago

2 min read