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Kazera Global PLC on Monday said it is ‘increasingly well positioned’ to become cash-generative, but will need additional funding in the near-term future. In response, shares in Kazera closed down 11% at 1.20 pence on Monday in London. The mining investor focused on early-stage assets said it continues to engage with South African regulatory authorities regarding the ‘key milestone’ of gaining the 2A Mining Right at Alexander Bay, and said it has ‘entered into an arrangement’ with a local stakeholder to help it to accelerate progress through the final stages of this application. Kazera also said it has continued to progress talks with its preferred potential strategic partner for its Whale Head Minerals HMS operations. It said the discussions focus on establishing a framework to optimise processing operations, increase throughput volumes, and deliver higher-grade, marketable concentrate. Kazera noted that initial processing of a bulk mineral sands sample from recent testing showed that the product could be upgraded through conventional processing routes, with the test work achieving concentrate grades of around 41% titanium dioxide and showing ‘potential for further optimisation’. It added that it ‘is in discussions with Fujax International with a view to aligning both parties’ interests on a more secure and commercial footing’. Furthermore, Kazera said it ‘has implemented a more focused and disciplined approach’ to diamond mining operations at the Deep Blue Minerals project, with inland mining paused ‘due to diesel fuel shortages and extremely high prices,’ and operations now focused on beach and marine gravels from HMS mining. ‘A review of equipment and site infrastructure is underway, including the identification of non-core assets for potential disposal,’ Kazera added. It also said it maintains a strong legal position in respect of its African Tantalum Project, regarding arbitration proceedings. Further, it ‘has received preliminary expressions of interest in Aftan from third parties’. Kazera said it needs additional working capital to support operations in ‘the coming months’, but is ‘actively addressing’ this and is in talks with existing lenders and other stakeholders. ‘With multiple workstreams advancing in parallel, the Company is increasingly well positioned to deliver on its objective of building a sustainable, cash-generative business,’ Kazera said. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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