Kazera Global evaluating options for African Tantalum

(Sharecast News) - Kazera Global said on Monday that it was continuing to evaluate strategic options for its interest in African Tantalum, after receiving growing expressions of interest in the tantalum and lithium project in southern Namibia.

The AIM-traded investment company said a review of historical technical and operational information, alongside recent technical analysis, had reinforced the project's potential within Namibia's emerging critical minerals sector.

Kazera said recent work had highlighted potential dry beneficiation methods that could be suitable for the project, potentially reducing water requirements and supporting a more commercially attractive development route.

It said the project's mineralogy appeared potentially suited to dry magnetic, electrostatic and triboelectric separation techniques.

The company said that could be particularly relevant in Namibia's arid operating environment, offering possible environmental and economic advantages compared with more water-intensive processing routes.

Kazera also said technical analysis had identified broader district-scale exploration upside, with modern drilling and mineral resource estimation historically focused on only three of at least 13 known mineralised pegmatites.

Significant areas of the licence remained relatively underexplored.

The firm said it was considering strategic pathways that could support long-term development of Aftan, recognise the technical work completed to date, and minimise or avoid the need for additional capital from Kazera shareholders.

Kazera said it was continuing to progress matters relating to previously announced arbitration proceedings involving Hebei Xinjian Construction.

It said it remained confident in its legal position after a binding arbitration award found that Hebei had breached contractual obligations, while Hebei has since initiated legal proceedings in Namibia seeking a review of aspects of the arbitration process.

Non-executive director Paul Dulieu said the board's recent work had reinforced its view of Aftan's broader potential and strategic relevance in critical minerals.

"Importantly, the work undertaken has highlighted what we believe may be a more capital-efficient route to unlocking value from the Project over time, particularly through an improved understanding of potential dry processing pathways and the wider pegmatite system," he said.

Dulieu added that Kazera had received continued and growing expressions of interest in Aftan and was focused on identifying the right long-term route to create shareholder value while supporting future operational activity, job creation and economic participation in Namibia.

At 1150 BST, shares in Kazera Global were down 7.82% at 1.01p.

Reporting by Josh White for Sharecast.com.

See latest RNS on Investegate

Kazera Global