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ALEXANDER BAY, SOUTH AFRICA - Kazera Global plc (AIM:KZG) announced a record diamond recovery from its Deep Blue Minerals subsidiary, with 57 diamonds extracted from just 40 tonnes of screened gravel processed over one and a half days.
The diamonds averaged 0.72 carats per stone and included the company’s largest diamond of the year at almost 7 carats, according to a press release statement issued Monday.
The mining company also reported it has secured improved commercial terms with Alexkor RMC JV, increasing Deep Blue’s share of diamond sales revenue by approximately ten percentage points for coastal diamonds, with a similar increase for inland diamonds. This revision is expected to boost profits from diamond sales by approximately 25%.
"Our diamond operations are performing exceptionally well, both in terms of recovery levels and in the speed and accuracy with which we can now process, analyse and target gravels," said Dennis Edmonds, Chief Executive Officer of Kazera Global.
The company noted that its in-house processing capabilities now allow for near-instant analysis of gravels, enabling it to focus on areas with the highest diamond-to-gravel ratios.
Kazera also provided updates on its Heavy Mineral Sands project through subsidiary Whale Head Minerals, reporting steady production and sales with consistent TiO₂ content. The company has identified opportunities to potentially increase HMS production capacity by up to three times and is currently assessing implementation options.
Regarding its application for the 3,000 hectare 2A Concession Mining Right in Alexander Bay, Kazera stated that while the process has taken longer than anticipated, it remains confident of a positive outcome. The company noted strong community support for the project, which is expected to create significant employment and economic benefits in the region.
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