Member Info for Funkybeats

48Summary.

NTI produces one of the highest grades globally.

The Higher the grade of tantalum the more money is generated. We have invested in new technology that will push the quality over 70% purity. Tantalum is conflict free meaning we can charge premium.

Tantalite ore, 30% Ta2O5, trades at US$207/kg currently, whilst the high grade 99.8% Tantalite trades at US$420/kg per RNS 2017.

From throughput of 15000 tonnes of tantalum per month we will be producing 9200 lbs

Rough price based on 70% tantalum quality = $330/kg x 4173KG = $1.37m per month
MARKET CAP is only £5m

4 aug 2014 - Acquisition of Tantalum Mine in Namibia.

Funding of over £6m to upgrade and enhance mine through discussions with global customer.

Our CEO Larry johnston has over 35 years experience and worked with global customer of Tantalum. Previous CEO binned.

Tracarta have increased holding from 5% to 10% in past 6 months. After today’s placing of £0.5m I fully expect that number to increase to 15%

JORC ready by Q2. Will find out total mineralisation and longevity of mine

Three interested companies

with 2 of these companies interesting in becoming strategic funding partner for Orange river.

As much as my timing this morning and Friday was shit It doesn’t change the thought process that todays share will be multiples of that in 12 months time. I don’t invest for 10% uplift. Been in here for 4 years now and happy to wait bit longer for my life changing prize.

Agree animal. I called out their bluff with my research and they waited until my order was executed to release RNS. Shower of cunts BUT Fuk them. 2 can play the game. Happy to keep buying as they can’t keep it low for much longer.

Got to agree steven

Aye it took good few hours but it was to remind myself why I invested and to see if I could unravel why they did what they did, relate that back to SP movement, then see if u can work out next steps. When u put it down in black and white I think it’s clear that either Larry approached them about how to make more money by upping the quality but by doing so this is how much he wants from his consultancy. Must have been a time limit on it and as such he has been rewarded with his low options. Mind he is 58 and has been living onsite in Namibia. U ain’t gona do that for years unless your gona get paid very well. we are defo in the last 2 chapters. Water supply and JORC then offtake agreements. Not long to wait no lads. That’s why I am buying more at the 2p range. If sneaks into 1 then I will buy more but the 2p range is all day buy. My £3G buy is in already this morning lol.

Horny thinking of that tantalum

Hahaha pranchy. Thoughts on the write up?

Summary.

NTI produces one of the highest grades globally.

The Higher the grade of tantalum the more money is generated. We have invested in new technology that will push the quality over 70% purity. Tantalum is conflict free meaning we can charge premium.

Tantalite ore, 30% Ta2O5, trades at US$207/kg currently, whilst the high grade 99.8% Tantalite trades at US$420/kg per RNS 2017.

From throughput of 15000 tonnes of tantalum per month we will be producing 9200 lbs

Rough price based on 70% tantalum quality = $330/kg x 4173KG = $1.37m per month
MARKET CAP is only £5m

4 aug 2014 - Acquisition of Tantalum Mine in Namibia.

Funding of over £6m to upgrade and enhance mine through discussions with global customer.

Our CEO Larry johnston has over 35 years experience and worked with global customer of Tantalum. Previous CEO binned.

Tracarta have increased holding from 5% to 10% in past 6 months.

JORC ready by Q2. Will find out total mineralisation and longevity of mine

Three interested companies with 2 of these companies interesting in becoming strategic funding partner for Orange river.

18 January 2019 "The drilling programme continues to produce highly encouraging results with encountered mineralisation indicating the potential to produce lithium and tantalum commercially.

We still anticipate having the initial ore resource report in Q1 2019 on Homestead and Purple Haze, after which we can start to formulate the highest value mine plan for the total area. We look forward to updating shareholders on our progress in the near future."

19 January 2019
pleased to announce that the borehole drilling campaign at both the Homestead and Purple Haze deposits has been completed. In addition to this, the Company is pleased to announce that it has been approached by two parties interested in becoming the strategic funding partner for the Orange River Project and for further development of the Mine. Having drilled 34 boreholes, assayed 551 core samples and recovered 20 channel samples, NTI, under the guidance of the MSA Group, has now completed the planned borehole drilling campaign over the Homestead and Purple Haze deposits. Management regards these initials results as encouraging and comparable with the historical results upon which the 2015 Venmyn Report was based, and which was not compiled in accordance with JORC guidelines. The drilling campaign is continuing at Signaalberg and the previously mined White City pegmatites with the aim of identifying additional mineralisation. Management anticipates that further mineralisation potential will be identified.

To validate and confirm the original assay results and, as required for JORC verification, the samples are now being analyzed by a second, specialist laboratory, as required by the Competent Person. The Company now expects that the a JORC compliant resource on Homestead and Purple Haze at the NTI Mine will be completed by Q2 2019 to be followed by initial laboratory results from the Signaalberg and White City borehole drilling campaign. As we await the imminent results from the second laboratory's tests to achieve a JORC compliant resource at Homestead and Purple Haze, we are highly encouraged by the initial results of the drilling campaign which suggests strong Tantalum potential in the Homestead and Purple Haze deposits. With further drilling ongoing at Signaalberg and White City deposits we are excited by what the next phase will deliver.

"I am also extremely encouraged by the discussions we are holding regarding funding of the Company's operations by two international groups. Their interest in the Mine speaks to the value we are realizing, and we look forward to updating shareholders as further results are achieved."

9 feb 2018 tantalum being shipped at 51% purity.
Ongoing discussions with 3rd customer based on quality of tantalum

9 March 2018. Name change from Kennedy ventures to Kazera Global plc

28 March 2018 Orange River Clearance Certificate. Environmental Commissioner of Namibia has issued Aftan with a clearance certificate for the proposed abstraction of water from the Orange River to the Mine and that the Company has received encouraging preliminary drilling results from boreholes at Lepidolite and Homestead.

Orange River Water Licence

The clearance certificate, issued by the Office of the Environmental Commissioner as part of the Ministry of Environment and Tourism ("the Ministry"), represents a significant milestone for Aftan and signifies a major endorsement by the Namibian Government for the project.

The receipt of the certificate from the Ministry is a positive step towards alleviating any concerns regarding future water availability, ensuring that projected water needs can be satisfied from the Orange River as well as water boreholes within the project licence area. A bidding process for laying the pipework will commence shortly.

As part of the exploration programme to define a JORC resource on the Lepidolite and Homestead locations, Kazera is pleased to announce that it has received highly encouraging preliminary assay results from MSA Group from the boreholes drilled on the Lepidolite and Homestead pegmatites.

6 April 2018 holdings. Tracarta limited increase holdings from 5.03% to 6.14%

20 April 2018 holdings. TRACARTA LIMITED increase holdings from 6.14 to 7.14%

17 May 2018. Strategic update. What is now very clear to Aftan and Kazera is that beyond the Homestead and Lepidolite zones, the total licence area has mineralisation that could unlock significant value. This, along with interest from further potential offtakers, warrants a strategic focus on defining the mineralisation over the entire property to understand the true scale and opportunity at the NTI Mine.

With the processing capability to produce world class quality as well as high purity tantalum now proven and the capacity to scale the plant with the mining operation, in addition to a water licence to acquire water from the Orange River, Aftan will be redirecting near-term resource and efforts on mineralisation definition. Larry commented 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."

14 June 2018 Kazera Global confirms that it has commissioned the MSA Group ("MSA"), a leading provider of exploration, mineral resources and reserve estimation, to carry out the targeted exploration programme designed to test and define tota

9 jan 2017. Appointment of new chief executive Larry johnson
more than 25 years' experience in the tantalum industry having worked with two large US based publicly listed companies with core interests in tantalum. Throughout his career, Larry has held several senior key positions, most recently as Director: Mining and Global Tantalum Supply Chain at KEMET Electronics Corporation. Significantly, Larry spent several years focussing on the development of conflict-free global supply chains, which will be of material benefit for the Company's investee, Aftan. Larry's knowledge of the world tantalum market will enable the Company to consider its future investment strategy as it grows, facilitating further investments in the sector. Larry will be based in Windhoek, Namibia, where he will be seeking further investment opportunities and managing the Company's investment in Aftan.

25 January 2017 In addition to reviewing Aftan's operations, Larry Johnson, who has only recently been appointed CEO of Kennedy Ventures, has provided Aftan with guidance around further plant processing optimisation, as well as reviewing existing commercial contracts to ensure Aftan receives optimal revenues from the TVM.

As part of the ongoing review, Mr. Johnson will seek to assist Aftan to introduce further efficiencies at the mine to ensure stockpile levels are maintained and old stockpiles are incorporated into the mine plan, creating an additional economic source of tonnage.

Furthermore, following Larry's appointment and given his knowledge of tantalum pricing, a review of Aftan's offtake arrangements was deemed necessary. Aftan is currently in several discussions with some of the largest users of tantalum in the world and has consequently withdrawn the 1.6 tonnes of assayed and quality approved tantalite concentrate that was produced in December 2016 from the bonded warehouse where it was delivered to Aftan's offtake partner but not paid for, without penalty and as permitted by the offtake contract, until improved terms are agreed or new potential offtake agreements are finalised. The end result of this process, as well as the necessary plant improvements, is expected to be continuous operations at the higher rate, generating improved sales and cash generation.

1 feb 2017 placing £1.25m
Placing will deliver added long term value to Aftan, and ultimately Kennedy, through enabling the improvements recently identified by Aftan with guidance from CEO Larry Johnson. Larry Johnson has unrivalled experience in the global tantalum sector and is laying the foundations for maximum attraction and extraction of value by Aftan from the TVM

15 March 2017 Caroline McLeod steps down as Director due to arrival of Larry Johnson as Chief Executive and his increasing presence providing oversight and guidance to Aftan in Windhoek, Namibia

30 June 2017
Following a successful visit to TVM by a leading manufacturer of tantalum capacitors (the "Customer") the Company booke

Tantalite ore, 30% Ta2O5, trades at US$207/kg currently, whilst the high grade 99.8% Tantalite trades at US$420/kg.
It is intended that the tantalum produced by Aftan would be conflict-free and the Company would anticipate that a premium to tantalum from conflict areas could therefore be charged.

Giles Clarke commented This is the first step in our intention to build Kennedy Ventures into a Namibian based producer of the highest grade of tantalum, which when certified, is a highly valuable commodity given its use in nearly every modern electronic device.

1 July 2015 - completion of long term offtake agreement
Since Aftan will be a high quality, low cost producer these offtake terms will ensure full sales and lock in profitability.

3 August 2015
It is anticipated that the first phase of production, commencing in Q3 2015, will see a build-up of throughput at the course recovery plant to treat up to 10,500 tonnes per month; estimated to produce around 5,000lbs Ta205 per month. The second phase of the development programme would focus on fines recovery which should increase throughput to around 15,000 tonnes per month and output of 9,200lbs Ta205 per month by mid-2017. The Directors expect that the costs of production will be amongst the lowest in the industry. An independent study has confirmed the estimated resource of 843,000t grading 490ppm Ta2O5.

20 July 2016 placing of £2m for upgrades. The plant upgrade is a vital part of Aftan's strategy to enhance the mines efficiency, improve recoveries, increase production capacity and extract the significant value from the mine and surrounding ore bodies. It will also allow Aftan to potentially enter the lithium market.

3 October 2016
Full commercial production at the new higher target rate of 15,000 tonnes per month is expected to be reached during next week and first shipment of tantalite concentrate to Aftan's offtake partner is anticipated to take place in the second half of the month, and twice per month thereafter. The upgrade is part of the overall strategy to maximise production and, upon commercial production, we hope that Aftan will quickly reach a cash generative position.

19 dec 2016 Aftan is expected to be cash flow positive for 2017, generating a healthy margin from Q2 2017 upon reaching full production

From throughput of 15000 tonnes of tantalum per month we will be producing 9200 lbs Spot price for high grade tantalum per pound is $120.= $1.1m per month. Low grade around $60 so price per month could range from $1.1m to $550k per month is this right or am I wrong?

Animal quick question or can someone else advise me. That RNS said 10 tonnes per month but we are ramping up to 15000 tonnes per month. What’s the actual cost of tantalum for one tonne

Yup. Share of the year If we have called this correct.

So it’s them that are hoping to fund the pipeline for water. This story is in its 2nd last chapter. Read every RNS from Kennedy and KZR and extremely confident that for once I have backed real winner

Last year in feb we had gradesof over 51% had been delivered to the Customer. This most recent shipment reiterates Aftan's focus on the quality of its shipments which continue to improve as the plant is upgraded further, attracting the attention of two further potential customers in addition to the primary Customer.

Aftan is confident in its drive to become the leading Tantalum Underground Mine in the world, producing the highest quality tantalum." Quote from Larry back in 2017

Remember we are producing high 40s grade of tantalum which is one of the highest grades reported from Tantalum mines globally as per previous RNS

So need to double up to get my money back. Praying excited Larry can produce