Notice of General Meeting

4 September 2024

Kazera Global plc

('Kazera' or 'the Company)

Notice of General Meeting

Kazera Global plc, the AIM-quoted investment company, announces that a General Meeting (the "Meeting") will be held at the Company's registered office, 33 St James' Square, London SW1Y 4JS on 25 September 2024 at 12 noon.

The purpose of the Meeting is for the directors to seek authorisation from shareholders to allot equity securities on a non-pre-emptive basis as further disclosed in the Notice of General Meeting, which will enable it to meet its obligations (as previously announced on 7 August 2024) in respect of:

1)   the terms and conditions of the loan agreements with each of Richard Jennings and Tracarta Limited; and

2)   the issue of shares to Tectonic Gold Plc in respect of the acquisition of shares in Whale Head Minerals Pty Ltd and Deep Blue Minerals Pty Ltd.

The Notice of General Meeting and Form of Proxy will be posted today and will be available on the Company's website at www.kazeraglobal.com.

ENDS

For further information visit www.kazeraglobal.com or contact: 

About Kazera Global plc

Kazera is a global investment company focused on leveraging the skills and expertise of its Board of Directors to develop early-stage mineral exploration and development assets towards meaningful cashflow and production. Its three principal investments are as follows:

Alluvial diamond mining through Deep Blue Minerals (Pty) Ltd, Alexander Bay, South Africa

Kazera currently has a 100% direct interest in Deep Blue Minerals, of which 74% is held beneficially by Kazera and 26% is held on behalf of Black Economic Empowerment partners.

Heavy Mineral Sands mining (including ilmenite, monazite, rutile, and zircon) through Whale Head Minerals (Pty) Ltd, Alexander Bay, South Africa.

Kazera currently has a 70% direct beneficial interest in Whale Head Minerals together with the benefit of a loan facility entitling it to receive approximately £38m out of dividends from the other shareholders.

Tantalite mining in South-East Namibia (divestment in progress)

As announced on 20 December 2022, Kazera has agreed to dispose of African Tantalum (Pty) Ltd ("Aftan") for a cash consideration of US$13 million plus a debenture payment of 2.5% of the gross sales of produced lithium and tantalum for life-of-mine. Completion of the sale is subject to receipt of full consideration proceeds. Aftan has been deconsolidated from the Company's financial statements with effect from 4 January 2023 because in accordance with the terms of the sale agreement, it has relinquished control of the Aftan in favour of the purchaser, Hebei Xinjian Construction Close Corp ("Hebei Xinjian") with effect from that date. Kazera retains the right to cancel the transaction and retain all amounts paid to date in the event of default by Hebei Xinjian.

The Company will consider additional investment opportunities as appropriate, having regard to the Group's future cash flow requirements.