Kazera Global PLC - the investment company - increased its interest to 100% in African Tantalum Pty Ltd, the owner of the Tantalite Valley mine and the Tameka Shelf Co, having acquired a further 25% interest. Acquisition cost of GBP26,008 funded via low-cost issuance of 4.5 million Kazera shares to the vendor at a price of 0.575 pence. Focus at the mine remains on completing the second exploration drill phase to further delineate the extent of resources in the licence area. So far, the company has completed drilling at the Homestead, Purple Haze and Snake deposits with further drilling to take place at Signaalberg and White City. Initial results are positive and the company anticipated completing the core drilling by the end of the first half of 2020. In addition, Kazera named Odilon Ilunga as an executive technical director.
Current stock price: 0.60 pence
Year-to-date change: up 33%
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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Kazera Global (KZG)