Acquisition of additional interests in WHM and DBM

Kazera Global PLC

07 July 2026

 

The information contained within this announcement is deemed to constitute inside information as stipulated under the retained EU law version of the Market Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. The information is disclosed in accordance with the Company's obligations under Article 17 of the UK MAR. Upon the publication of this announcement, this inside information is now considered to be in the public domain. 

7 July 2026

Kazera Global plc

("Kazera" or the "Company")

Acquisition of additional interests in Whale Head Minerals and Deep Blue Minerals

Kazera Global plc (AIM: KZG), the AIM-quoted investment company, is pleased to announce that it has agreed to acquire additional interests in Whale Head Minerals (Pty) Ltd ("WHM") and Deep Blue Minerals (Pty) Ltd ("DBM"), the Company's South African heavy mineral sands and diamond interests respectively, from PDNA Property Investments (Pty) Ltd ("PDNA") for total cash consideration of ZAR 973,374 (US$60,000).

The purpose of the transaction is to increase Kazera's stake in WHM, simplify the ownership structures of Kazera's South African investments and preserve the rights of employees and local communities.

Under the terms of the share purchase agreement entered into between Kazera and PDNA, Kazera will acquire the 21 ordinary shares currently held by PDNA in WHM, representing 21% of WHM's issued share capital, plus 6 ordinary shares currently held by PDNA in DBM, representing 6% of DBM's issued share capital.

The total consideration payable by Kazera is ZAR 973,374 (US$60,000) in cash, of which ZAR 811,145 (US$50,000) is allocated to the WHM shares and ZAR 162,229 (US$10,000) is allocated to the DBM shares. Payment will be made from Kazera's existing cash resources.

Completion is expected to take place in the coming days following execution of the relevant transfer and associated documentation and payment of the consideration ("Completion").

Effect of the transaction

WHM

Following Completion, Kazera's legal interest in WHM will increase from 70% to 91%, of which 79% will be for the benefit of Kazera. Of the remaining 12% interest in WHM, 5% will be held for the benefit of employees, 5% for the benefit of relevant local communities and 2% for the benefit of a third party. Kazera will make formal arrangements to ensure the shares held for the benefit of others are held in an appropriately governed manner in due course.

DBM

Kazera already holds a 100% direct interest in DBM, of which 74% is currently held for the benefit of Kazera and 26% is held on behalf of Black Economic Empowerment partners. Following completion of the acquisition of PDNA's 6% DBM interest, Kazera's beneficial interest in DBM will increase from 74% to 80%, with the remaining 20% continuing to be held on behalf of Black Economic Empowerment partners.

Rationale

The Board believes that the transaction further simplifies the ownership structure of Kazera's South African investments and better aligns the Company's interests in WHM and DBM as it continues to focus on progressing its heavy mineral sands and diamond interests.

Aftan settlement payment update

Further to the Company's announcement of 22 June 2026 regarding the settlement agreement entered into in relation to African Tantalum (Pty) Ltd ("Aftan"), the Company has seen a payment instruction from China for the US$500,000 due to a Company subsidiary from Hebei Xinjian Construction CC.

Kazera is in contact with the relevant parties and advisers in Namibia to facilitate receipt of the funds as soon as possible. The Directors continue to have confidence that the Company will receive the funds in the near term and will provide further updates as appropriate.

Richard Jennings, Interim Chief Executive Officer of Kazera, commented: "Although this is a modest transaction, this is strategically very important for Kazera. It further simplifies the ownership structure around our South African assets and increases Kazera's beneficial interest in DBM.

"Importantly, it also gives Kazera legal title to a further 21% of WHM, while preserving the existing underlying arrangements in favour of employees, the local community and another third party. Unlike my predecessor, I intend to put in place the appropriate legal structure of title for these entities in the very near term so that they can benefit directly from the continuation of the sea change that is occurring in regards to the trajectory of our flagship South Africa Heavy Mineral Sands asset.

"Our focus remains on bringing discipline, alignment and commercial momentum to our South African assets, particularly as we continue to progress WHM's heavy mineral sands operations and DBM's diamond interests.

"We also remain focused on completing the process for receipt of the initial Aftan settlement payment. While this has taken longer than originally anticipated due to exchange control and banking procedures, we understand that the process continues to progress. Based on our ongoing engagement with Hebei and the documentation received to date, we remain confident that the payment will be made and will update shareholders once funds have been received."

ENDS

For further information, visit www.kazeraglobal.com or contact:

Kazera Global plc Richard Jennings, Interim Chief Executive Officer	[e-mail]
Strand Hanson Limited (Nominated, Financial Adviser and Broker) Christopher Raggett / Ritchie Balmer	Tel: [phone]
Zeus Capital Limited (Joint Broker) Harry Ansell / Simon Johnson / Katy Mitchell	Tel: [phone]
St Brides Partners Limited (Financial PR) Isabel de Salis / Charlotte Page	[e-mail]

Notes

Kazera Global plc (LON:KZG) is a diversified commodity investment company focused on unlocking value through production growth and disciplined portfolio management. While production builds at its Whale Head Minerals (Heavy Mineral Sands) and Deep Blue Minerals (diamond) assets in South Africa's Northern Cape province, the Company also continues to assess new opportunities to expand its growth pipeline and deliver sustainable returns.

 

END