Last checked at 20 Aug 2020 07:00
20 August 2020
Kropz Plc("Kropz" or the "Company")
Elandsfontein Update regarding Water Tribunal ("Tribunal")
Kropz plc (AIM: KRPZ), an emerging African phosphate explorer and developer, advises that, further to the announcement on 16 March 2020, it has been notified that from 3 September 2020 three days have been scheduled for the hearing against Elandsfontein's valid integrated water use licence ("WUL"). The Tribunal will be resumed following a postponement, ordered by the Chairperson of the Tribunal, following COVID-19 concerns. Subsequent South African government guidelines have prohibited the Tribunal from reconvening in the period since March.
The Company would like to advise the market that, in order to allow the Tribunal the appropriate opportunity to fully review the matter, it will not be providing further comment on the official proceedings until the Tribunal has announced its decision. The timing of the decision is currently unknown.
Pending the Tribunal's decision, there is no legal impediment to the continuation of the water use activities authorised in the WUL.
For further information visit www.kropz.com or contact:
Kropz Plc |
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Mark Summers (CEO) | +27 (0)79744 8708 |
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Grant Thornton UK LLP | Nominated Adviser |
Samantha Harrison Niall McDonald | +44 (0) 20 7383 5100 |
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Hannam & Partners | Joint Broker |
Andrew Chubb Ernest Bell | +44 (0)20 7907 8500 |
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Mirabaud Securities Ltd | Joint Broker |
Rory Scott Edward Haig-Thomas | +44 (0)20 3167 7220 +44 (0)20 3167 7222 |
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Tavistock | Financial PR & IR (UK) |
Emily Moss Jos Simson Oliver Lamb | +44 (0) 207 920 3150 kropz@tavistock.co.uk |
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R&A Strategic Communications | PR (South Africa) |
James Duncan | +27 (0)11 880 3924 james@rasc.co.za |
About Kropz Plc
Kropz is an emerging African phosphate explorer and developer, with an advanced stage phosphate mining project in South Africa and a phosphate project in the Republic of Congo. The vision of the Group is to become a leading independent phosphate rock producer and to develop into an integrated, mine-to-market plant nutrient company focusing on sub-Saharan Africa.
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