Elandsfontein Update regarding Water Tribunal

RNS Number : 6393W

Kropz PLC

20 August 2020

 

20 August 2020

Kropz Plc
("Kropz" or the "Company")

Elandsfontein Update regarding Water Tribunal ("Tribunal")

Kropz plc (AIM: KRPZ), an emerging African phosphate explorer and developer, advises that, further to the announcement on 16 March 2020,  it has been notified that from 3 September 2020 three days have been scheduled for the hearing against Elandsfontein's valid integrated water use licence ("WUL"). The Tribunal will be resumed following a postponement, ordered by the Chairperson of the Tribunal, following COVID-19 concerns. Subsequent South African government guidelines have prohibited the Tribunal from reconvening in the period since March.

The Company would like to advise the market that, in order to allow the Tribunal the appropriate opportunity to fully review the matter, it will not be providing further comment on the official proceedings until the Tribunal has announced its decision. The timing of the decision is currently unknown.

Pending the Tribunal's decision, there is no legal impediment to the continuation of the water use activities authorised in the WUL.

For further information visit www.kropz.com or contact:

Kropz Plc
Mark Summers (CEO)	[phone]
Grant Thornton UK LLP	Nominated Adviser
Samantha Harrison Niall McDonald	[phone]
Hannam & Partners	Joint Broker
Andrew Chubb Ernest Bell	[phone]
Mirabaud Securities Ltd	Joint Broker
Rory Scott Edward Haig-Thomas	[phone] [phone]
Tavistock	Financial PR & IR (UK)
Emily Moss Jos Simson Oliver Lamb	[phone] [e-mail]
R&A Strategic Communications	PR (South Africa)
James Duncan	[phone] [e-mail]

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.

-ENDS-

 

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