2A Executed, US$1.75m Triggered & Board Changes

(AIM:KZG) Kazera Global plc announced the formal execution of the Mining Right over Sea Concession 2A ('2A'), held by its South African subsidiary Whale Head Minerals (Pty) Ltd ('WHM'), by the South African Department of Mineral and Petroleum Resources ('DMPR'). The execution of the 2A Mining Right, covering approximately 3,095 hectares in the Northern Cape, South Africa, completes the key regulatory process following the grant of the right on 2 September 2026. This milestone triggers a further US$1.75 million advance payment to WHM from South Africa AT Investments (Pty) Ltd ('SAI') under their long-term Mining Cooperation and Production Sharing Agreement. This follows a previous US$750,000 advance payment received from SAI in July 2026. Under the agreement, SAI is responsible for funding 100% of the capital expenditure, operating costs, infrastructure, equipment deployment, and working capital for the mining and processing operations, while WHM retains a 20% cost-free entitlement to production. Operational preparations for the development of 2A are ongoing, with a focus on bringing the enlarged South African Heavy Mineral Sands (HMS) operations into commercial production during Q1 2027. Production is expected to ramp up to at least 10,000 tonnes per month by Q2 2027, with operational planning targeting approximately 30,000 tonnes per month thereafter. The company also announced executive leadership changes: Paul Dulieu, currently a Non-Executive Director, will be appointed Chief Executive Officer effective 1 October 2026, succeeding Richard Jennings, who will remain on the Board as an Executive Director. Richard Jennings will join both the Audit and Nomination and Remuneration Committees alongside Geoff Eyre, and the Board has approved amendments to the committees' terms of reference. Richard Jennings will focus on oversight of South African operations, origination and evaluation of new business and investment opportunities, and financial and strategic oversight across the Group. The Board believes the revised structure provides clear executive leadership and continuity. Richard Jennings highlighted the company's progress over the past six months, including strengthening the balance sheet from a near $2 million debt position to a net cash position, securing the 2A Mining Right, bringing in a strategic partner to fund development, and making substantial progress in unlocking value from Aftan. He also noted that a £20,000 charitable disbursement previously agreed by the company will be made. Paul Dulieu emphasized the importance of the 2A Mining Right execution and the company's improved position and prospects. Geoff Eyre, Non-Executive Chairman, praised the transformation under Richard Jennings' interim leadership and expressed confidence in the new executive structure.

Zeus Initiates Research Coverage

(AIM: KZG) Kazera Global plc announces that Zeus Capital Limited has initiated research coverage on the Company. Kazera Global plc is an AIM-quoted investment company focused on unlocking value through production growth and disciplined portfolio management. Production is building at its Whale Head Minerals (Heavy Mineral Sands) and Deep Blue Minerals (diamond) assets in South Africa's Northern Cape province. The Company continues to assess new opportunities to expand its growth pipeline and deliver sustainable returns.

Kazera Global — 2A Mining Right Granted

(AIM: KZG) Kazera Global plc announced that the South African Department of Mineral Resources and Energy has formally approved the application by its wholly owned subsidiary, Whale Head Minerals (Pty) Ltd, for a Mining Right over Sea Concession 2A in the Northern Cape, South Africa, covering approximately 3,095 hectares. The Mining Right has been granted for an initial 10-year term, effective 26 August 2026 and expiring 25 August 2036, and is renewable in accordance with the Mineral and Petroleum Resources Development Act, 2002. The Mining Right grants exclusive rights to mine garnet, monazite, zirconium, rutile (TiO₂), TiO₂-rich leucoxene, and other heavy minerals. Following formal execution of the Mining Right, US$1.75 million will become payable to Whale Head Minerals (Pty) Ltd by South Africa AT Investments (Pty) Ltd (SAI), at which point SAI will expand its joint operations into 2A. The Technical Report published on 24 August 2026 confirmed an Inferred Mineral Resource containing approximately 1,312,920 tonnes of economic heavy minerals within just 1.42% of the 2A licence area, with an indicative in-situ value of approximately US$369.3 million. The remaining 98.58% of 2A has been identified as a substantial Geological Target estimated to contain an additional 265.2 million tonnes of HMS, with grades yet to be determined. Commercial production is targeted for Q1 2027, with production ramping up to an anticipated minimum of 10,000 tonnes per month of concentrate by Q2 2027. SAI has already commenced the shipment of 30 containers of equipment from China required for the construction phase.

SAI Operational Planning Update

(AIM: KZG) Kazera Global plc announced an operational planning update for its heavy mineral sands operations by South Africa AT Investments (Pty) Ltd at the Walviskop site operated by Whale Head Minerals (Pty) Ltd in Alexander Bay, Northern Cape, South Africa. The initial target is approximately 30,000 tonnes per month of heavy mineral concentrate (HMC) at Walviskop. Production commencement is slated for early 2027. Plant and equipment is being mobilised for anticipated arrival in South Africa during November 2026. The current estimated Free on Truck (FOT) sales price for the HMC is approximately US$165 - US$170 per tonne.

US$750,000 Strategic Partnership Payment Received

(AIM:KZG) Kazera Global plc announced that it has received the initial advance payment of US$750,000 from South Africa AT Investments (Pty) Ltd ("SAI") under the long-term Mining Cooperation and Production Sharing Agreement between SAI and the Company's South African subsidiary, Whale Head Minerals (Pty) Ltd ("WHM"). The Agreement provides that SAI will fund 100% of the capital expenditure, mining and processing operating costs, infrastructure, equipment deployment and working capital required for the mining and processing operations. WHM retains a continuing 20% entitlement to HMS production and ownership of its mining rights and permits. A further advance payment of US$1.75 million is payable by SAI upon the grant of the 2A Mining Right. The Company also recently received US$500,000 under the Hebei Settlement Agreement. The Board does not anticipate any requirement for further drawdowns under the existing loan facility provided by Richard Jennings. The company projects that the comprehensive Mine Plan will establish production and HMC grade targets for the project.

Aftan Receives Initial US$500k Settlement Payment

(AIM:KZG) Kazera Global plc announced that African Tantalum (Pty) Ltd ("Aftan"), of which Kazera is the 100% shareholder, has received the initial US$500,000 payment under the settlement agreement with Hebei Xinjian Construction CC ("Hebei") announced by the Company on 22 June 2026. The US$500,000 has been received into Aftan's Namibian bank account and is now being processed for remittance to Kazera in accordance with applicable exchange control requirements. Richard Jennings, Interim Chief Executive Officer of Kazera, stated that receipt of the initial US$500,000 payment is an important milestone and confirms that Hebei has commenced performance under the settlement agreement. Kazera Global plc is focused on unlocking value through production growth and disciplined portfolio management. Production is building at its Whale Head Minerals (Heavy Mineral Sands) and Deep Blue Minerals (diamond) assets in South Africa's Northern Cape province. The company continues to assess new opportunities to expand its growth pipeline and deliver sustainable returns. The company projects significant value is expected to be delivered for Kazera and its shareholders.

Kazera Global — Strategic HMS Development Partnership Secured

(AIM: KZG) Kazera Global plc announced that its South African subsidiary, Whale Head Minerals (Pty) Ltd ("WHM"), has entered into a long-term Mining Cooperation and Production Sharing Agreement with South Africa AT Investments (Pty) Ltd ("SAI") for the development of its flagship Heavy Mineral Sands ("HMS") project. SAI will fund 100% of the capital expenditure, operating costs, infrastructure, equipment deployment, and working capital required for the operations covered by the Agreement. An initial advance payment of US$750,000 against future sales is payable within five Business Days of the Agreement becoming effective, with a further US$1.75 million cash inflow on the grant of the 2A Mining Right. WHM retains a cost-free 20% entitlement to all physical HMS products produced, while SAI is entitled to the remaining 80%. SAI is part of a major Chinese industrial group with reported FY2025 revenues of approximately RMB2 billion (c. £205 million) and substantial existing production capacity across zircon sand, zirconium silicate, and related value-added products. The company projects first production under the development programme by the end of 2026, with WHM's 20% production entitlement accruing from commencement of production. The Agreement covers both the Walviskop and 2A Projects for the life of the relevant mining rights, including any renewals and extensions.

Acquisition of additional interests in WHM and DBM

(AIM: KZG) Kazera Global plc has agreed to acquire additional interests in Whale Head Minerals (Pty) Ltd (WHM) and Deep Blue Minerals (Pty) Ltd (DBM) from PDNA Property Investments (Pty) Ltd for total cash consideration of ZAR 973,374 (US$60,000). Under the share purchase agreement, Kazera will acquire 21 ordinary shares in WHM (21% of WHM's issued share capital) and 6 ordinary shares in DBM (6% of DBM's issued share capital). ZAR 811,145 (US$50,000) is allocated to the WHM shares and ZAR 162,229 (US$10,000) to the DBM shares, with payment to be made from Kazera's existing cash resources. Following completion, Kazera's legal interest in WHM will increase from 70% to 91%, of which 79% will be for the benefit of Kazera, and its beneficial interest in DBM will increase from 74% to 80%. The company has seen a payment instruction from China for the US$500,000 due to a Company subsidiary from Hebei Xinjian Construction CC in relation to African Tantalum (Pty) Ltd (Aftan), and is in contact with relevant parties and advisers in Namibia to facilitate receipt of the funds. The company projects that completion is expected to take place in the coming days following execution of the relevant transfer and associated documentation and payment of the consideration.

Director Resignation and Update on Loan Facility

Kazera Global plc (AIM: KZG, LON:KZG) announced the resignation of John Wardle as Non-Executive Director with immediate effect. The company remains in discussions with Tracarta Limited regarding its existing loan facility, with key directors indicating willingness to support the company in meeting its obligations, subject to agreement of terms including a possible extension of the facility to 1 December 2026. Kazera Global plc describes itself as a diversified commodity investment company focused on production growth and disciplined portfolio management, with ongoing production at Whale Head Minerals and Deep Blue Minerals assets in South Africa. The Board remains confident in managing near-term financial obligations and will continue discussions with stakeholders. Further updates will be provided as appropriate.

Funding Update: Loan Facility Extension & Increase

Kazera Global plc (AIM: KZG, LON:KZG) has announced an extension and increase of its unsecured loan facility with Richard Jennings, originally entered into in August 2024. The repayment date has been extended from 30 April 2026 to 1 December 2026, and the total facility available to the company has been increased by up to £500,000. The outstanding loan balance prior to the extension was £187,880, and the company remains in discussions with Tracarta Limited regarding a separate loan facility of £436,128 due to mature on 30 April 2026. The revised facility is expected to provide Kazera with additional financial flexibility as it advances its operations, with initial drawdowns of £50,000 each on or around 1 May 2026 and 1 June 2026.