LONDON (Alliance News) - Kazera Global PLC said Thursday plant upgrades and refurbishments made over the last 16 months at the Namibia Tantalite Investment Mine have led to "important operational efficiencies".
The company says it is now the mine is now in a position to consistently extract "high purity" tantalum.
Kazera now believes the total licence area has mineralisation that could "unlock significant value". The resource sector investment company will now instruct African Tantalum Ltd, which it has a stake in, to move its strategic focus on defining the mineralisation of the entire property to understand the "true scale and opportunity" at the mine.
Chief Executive Officer Larry Johnson said: "I am very excited about the opportunity that lies across the entire licence and am pleased with the strategic direction we are taking to fully understand the full potential of the deposit Kazera owns. This will provide shareholders with full details to assess their investment and allow the company to realise maximum value whilst providing highly important strategic choices."
Shares in Kazera Global were down 3.8% Thursday afternoon to 2.55 pence each.
Kazera Global (KZG)