Kazera Global has provided an update on operations at its Walviskop heavy minerals sands project in Alexander Bay, South Africa.
Kazera Global overview
- Manufacturing of the Trommel screening plant was completed in line with expectations.
- Initiated optimisations to improve its performance before transporting to site.
- Work now focused on the construction of the remainder of the wet concentration plant on site.
- Positioning the plant to start operating immediately on receival of National Nuclear Regulator permit anticipated Q1 2024.
Dennis Edmonds, CEO of Kazera Global commented: “This has been a busy period for the team, during which we have focused on optimising the various aspects of the plant to ensure we can commence production and deliver the best results possible as soon as we receive the National Nuclear Regulator permit anticipated Q1,2024.
“This strategically important HMS project is expected to produce circa 6Kt heavy minerals sands per month at full production, which given the strong demand will at current prices achieve an estimated gross profit of +US$ 300 k per month. I look forward to providing shareholders with further updates as the project advances.”
Kazera is a global investment company focused on developing early-stage assets towards meaningful cashflow and production in the resource sector. Its current assets include majority shareholdings in a diamond mining project (Deep Blue Minerals) and a heavy Mineral Sands project (Walviskop Heavy Mineral Sands) in South Africa. The company intends to leverage its unique board expertise, investment capability and operational proficiency.