Environmental Authorisation Secured for Perdevlei

Kazera Global plc (AIM: KZG), the AIM-quoted investment company, is delighted to announce that its subsidiary, Whale Head Minerals (Pty) Ltd ("WHM"), has been granted Environmental Authorisation ("EA") by the South African Government's Department for Mineral Resources and Energy ("DMRE") for the Perdevlei (2a) concession ("Perdevlei") (See RNS dated 15 October 2024).

This significant milestone, achieved well ahead of the anticipated January 2025 timeline, brings WHM closer to securing a mining right for the circa 3,095 hectare Perdevlei concession ("Mining Right"), which contains approximately 170 hectares of high-grade heavy mineral sands ("HMS") deposits that are believed to be suitable for immediate mining.

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The granting of the EA follows WHM providing an environmental guarantee under South Africa's stringent National Environmental Management Act ("NEMA"). The Company will now notify all registered interested and affected parties ("I&APs) that the EA has been granted. The I&APs then have 21 days in which to lodge any appeals against the granting of the EA. If no appeals are received, it is expected that the DMRE will proceed to issue the Mining Right.

Dennis Edmonds, Chief Executive Officer of Kazera Global plc commented: "

"I am delighted we have received the Environmental Authorisation for the Perdevlei concession so quickly, and months ahead of expectations. Full credit is due to the DMRE for their professionalism and efficiency in dealing with this matter.

"This swift approval marks a significant step forward for the Company as we progress towards obtaining a Mining Right for Perdevlei. Obtaining the EA approval over two months earlier than expected has considerably advanced our timetable. While there is always the potential for delays, receiving Environmental Authorisation early puts us in an even stronger position to secure the mining right early in Q1 2025.

"With Walviskop nearing revenue generation, Perdevlei offers an incredible opportunity to scale up HMS operations and accelerate growth in this mineral-rich area of South Africa."