Kazera Global (KZG)

Sector:

Mining

Index:

FTSE AIM All-Share

1.63p
   
  • Change Today:
      0.025p
  • 52 Week High: 2.16
  • 52 Week Low: 0.36
  • Currency: UK Pounds
  • Shares Issued: 983.71m
  • Volume: 1,293,317
  • Market Cap: £15.99m
  • RiskGrade: 303
  • Beta: 0.10

Kazera's Whale Head sells first 10,000 tonnes of heavy mineral sands

By Josh White

Date: Tuesday 01 Apr 2025

LONDON (ShareCast) - (Sharecast News) - Kazera Global announced the first sale of 10,000 metric tonnes of heavy mineral sands by its subsidiary Whale Head Minerals on Tuesday, marking a key milestone in the company's commercialisation strategy.
The AIM-traded firm said the sale, made to Fujax South Africa under an existing offtake agreement, exceeded the initially expected shipment volume of 6,000 tonnes.

Under the terms of the agreement, Whale Head would receive 80% of the anticipated final sales price, net of costs, upon invoicing, with the balance due within five days of final sale.

Fujax was responsible for all downstream logistics, including transport, processing, assaying, marketing and associated costs such as taxes and duties.

Kazera said the sale underscored the operational progress at Whale Head Minerals and its growing contribution to group performance.

It said the two parties would continue to collaborate on stockpile development and grade improvement, with the aim of enhancing future sales volumes and margins.

"This is a landmark and transformative moment for Kazera Global - Whale Head Minerals is incredibly fortunate to have such a rich mineral resource that can generate cash with minimal processing," said chief executive officer Dennis Edmonds.

"The sale of this initial 10,000 tonnes, which exceeds our initial expectations, demonstrates the strength of the operational capabilities of our investee company.

"The focus now is on improving margins by cutting transport costs and improving the purity of the end product, as well as selling diamonds."

Edmonds said the company also eagerly awaited the granting of a mining right over the much bigger area encompassed by 2A.

"The board is very proud of the Whale Head Minerals team in South Africa who have worked tirelessly to get us to this stage, and grateful to Fujax and the numerous people in South Africa who have provided support, as well as all of our shareholders who have been with us throughout this journey."

At 1114 GMT, shares in Kazera Global were up 10.55% at 1.52p.

Reporting by Josh White for Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Kazera Global Market Data

Currency UK Pounds
Share Price 1.63p
Change Today 0.025p
% Change 1.56 %
52 Week High 2.16
52 Week Low 0.36
Volume 1,293,317
Shares Issued 983.71m
Market Cap £15.99m
Beta 0.10
RiskGrade 303

Kazera Global Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
58.50% above the market average58.50% above the market average58.50% above the market average58.50% above the market average58.50% above the market average
4.76% above the sector average4.76% above the sector average4.76% above the sector average4.76% above the sector average4.76% above the sector average
Price Trend
94.86% above the market average94.86% above the market average94.86% above the market average94.86% above the market average94.86% above the market average
75.94% above the sector average75.94% above the sector average75.94% above the sector average75.94% above the sector average75.94% above the sector average
Income Not Available
Growth
68.31% below the market average68.31% below the market average68.31% below the market average68.31% below the market average68.31% below the market average
67.27% below the sector average67.27% below the sector average67.27% below the sector average67.27% below the sector average67.27% below the sector average

Kazera Global Dividends

No dividends found

Trades for 28-May-2025

Time Volume / Share Price
16:20 40,000 @ 1.65p
14:46 635,075 @ 1.58p
10:36 40,000 @ 1.67p
10:19 43,413 @ 1.67p
10:13 94,054 @ 1.67p

Kazera Global Key Personnel

CEO Dennis Edmonds

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