SAI Operational Planning Update
Kazera Global plc has provided an update on its heavy mineral sands operations at Walviskop, with an interim operational plan targeting a progressive ramp-up to approximately 30,000 tonnes per month of heavy mineral concentrate (HMC) by early 2027. Plant and equipment mobilization is scheduled for November 2026, and the estimated Free on Truck sales price for HMC is between US$165 and US$170 per tonne, which the company anticipates will significantly transform its subsidiary's cash flow profile.
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Kazera Global plc (AIM: KZG), the AIM-quoted investment company, is pleased to provide an update on the development of its heavy mineral sands ("HMS") operations by South Africa AT Investments (Pty) Ltd ("SAI") at the Walviskop site operated by the Company's wholly owned subsidiary, Whale Head Minerals (Pty) Ltd ("WHM"), in Alexander Bay, Northern Cape, South Africa.
As announced on 9 July 2026, the first phase of the programme with SAI includes the preparation of a comprehensive Mine Plan setting out production and heavy mineral concentrate ("HMC") grade targets, alongside planning for the plant, equipment, infrastructure and operational requirements necessary to support increased production at Walviskop.
While the comprehensive Mine Plan remains subject to further input and finalisation with SAI, WHM has prepared an interim operational plan covering the plant and equipment requirements for SAI's operations.
Current planning targets a progressive ramp-up to a production rate of approximately 30,000 tonnes per month of HMC from the HMS plant, with production commencement slated for early 2027. Plant and equipment is being mobilised for anticipated arrival in South Africa during November 2026.
The current estimated Free on Truck ("FOT") sales price for the HMC is approximately US$165 - US$170 per tonne. FOT means that the seller is responsible for making the product available and loading it onto the buyer's truck, with the buyer responsible for onward transport and associated costs from that point.
Further updates will be provided as the Mine Plan and SAI's operational plans are progressed.
Richard Jennings, Interim Chief Executive of Kazera, commented: "We are pleased to be progressing the operational planning for SAI's HMS operations at Walviskop following a site meet last week between SAI principals and WHM's mine manager and designated professionals.
"The interim planning work provides an initial framework for scaling operations towards an initial targeted production rate of approximately 30,000 tonnes per month of HMC, while the comprehensive Mine Plan is progressed with SAI.
"Based upon current FOT prices, and of course subject to achieving the monthly production rates, the future cash flow profile of our WHM subsidiary will be totally transformed."
"We look forward to updating shareholders as these plans develop."
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.