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2 Feb 2021 07:00
The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
2 February 2021
Kropz Plc("Kropz" or the "Company")
Elandsfontein Update
Kropz Plc (AIM: KRPZ), an emerging African phosphate explorer and developer, is pleased to announce an update for its Elandsfontein phosphate project ("Elandsfontein") located in South Africa.
Significant progress continues to be made at Elandsfontein and the project remains on track for achieving the target date for production in Q4 2021, within the project capital budget. Images of the progress at site are available online here: www.kropz.com/projects/elandsfontein/gallery-elandsfontein.
These achievements have been realised against the backdrop of the unprecedented COVID-19 pandemic. As widely known, South Africa is currently facing a damaging second wave of COVID-19.
The present focus is primarily on the site-based construction activities, which are permitted to continue under the current Level III restrictions. Earthworks are largely complete, and civil construction is advancing. Fabrication of structural steel, platework and piping has commenced, and the first major mechanical equipment has been delivered to site.
The Company's priority remains the health and well-being of its staff and contractors. Kropz Elandsfontein Pty (Ltd) has adopted appropriate measures, in accordance with local and international guidelines, to protect them from COVID-19. The pandemic could, however, still adversely affect the schedule for Elandsfontein.
The Company will provide further updates on project progress in early Q2 2021.
For further information visit www.kropz.com or contact:
Kropz Plc |
|
Mark Summers (CEO) | +27 (0)79 744 8708 |
|
|
Grant Thornton UK LLP | Nominated Adviser |
Samantha Harrison Harrison Clarke George Grainger
| +44 (0) 20 7383 5100 |
|
|
Hannam & Partners | Broker |
Andrew Chubb Ernest Bell | +44 (0)20 7907 8500 |
| |
Tavistock | Financial PR & IR (UK) |
Emily Moss Jos Simson Oliver Lamb | +44 (0) 207 920 3150 kropz@tavistock.co.uk |
| |
R&A Strategic Communications | PR (South Africa) |
James Duncan | +27 (0)11 880 3924 james@rasc.co.za |
About Kropz Plc
Kropz is an emerging African phosphate explorer and developer, with an advanced stage phosphate mining project in South Africa and a phosphate project in the Republic of Congo. The vision of the Group is to become a leading independent phosphate rock producer and to develop into an integrated, mine-to-market plant nutrient company focusing on sub-Saharan Africa.
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