Kazera Global Achieves Milestone with First Heavy Mineral Sands Sale

The latest update is out from Kazera Global plc ( (GB:KZG) ).

Kazera Global plc has announced the first sale of 10,000 metric tonnes of heavy mineral sands by its subsidiary, Whale Head Minerals, to Fujax South Africa. This sale, which exceeds the initially expected 6,000 tonnes, marks a significant milestone for Kazera, highlighting the operational strength of Whale Head Minerals and its contribution to the company’s success. The sale is expected to improve margins by reducing transport costs and enhancing product purity, while also paving the way for future growth opportunities, including the potential granting of a Mining Right over a larger area.

More about Kazera Global plc

Kazera Global plc is a global investment company that focuses on developing early-stage mineral exploration and development assets to generate cash flow and production. The company has three principal investments: alluvial diamond mining through Deep Blue Minerals in South Africa, heavy mineral sands mining through Whale Head Minerals in South Africa, and tantalite mining in South-East Namibia, which is currently in the process of divestment.

YTD Price Performance: -15.71%

Average Trading Volume: 3,442,811

Technical Sentiment Signal: Sell

Current Market Cap: £14.21M

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