RE: African Mineral Sands holding 29.9% 250M at 1.5p9 Apr 2024 08:15
Surprised at the lack of interest here...
Whale Head Minerals Pty Ltd ("WHM") Heavy Mineral Sands ("HMS") Project
· Ongoing discussions with potential transporters and off-takers to facilitate sale of HMS products once NRR permitting achieved
Deep Blue Minerals Pty Ltd ("DBM") Diamond Project
· Post-period end, flow sort diamond recovery machine purchased and en route to site:
o X-rays and sorts processed diamond gravel
o Will be sited in secure Alexkor compound
o Delivered on-site in March 2024 enabling diamond production shortly thereafter
· July 2023: Received further payment of c. US$650k from Hebei Xinjian in respect of the sale of Aftan; aggregate payments received from Hebei Xinjian to date total c.US$4.85 million of the total consideration due of the agreed US$13 million;
CEO: "Whilst there have been some frustrations and delays, things are now progressing on all fronts and the Board believes that 2024 is set to be the year in which Kazera starts to really hit its stride."