Kazera Global 2A Mining Right executed and Board changes AIM-listed Kazera Global has announced that the Mining Right over Sea Concession Kazera’s strategic partnership with SAI. Under the agreement with SAI,
2026 on a temporary basis while the newly constituted Board reviewed the longer-term executive leadership of the Company. As part of that planned transition, Paul Dulieu, was appointed Chief Executive Officer of Kazera with effect from 1 November 2026. Since joining the Board in April, Dulieu has worked closely with Jennings across all the key areas of the business. The Board believes that this close working relationship has contributed significantly to the progress made by Kazera over recent months and provides important continuity as the company moves into its next phase of development.
execution of the Mining Right triggers a further US$1.75 million advance payment to WHM against future production. This follows the US$750 000 advance payment received from SAI in July 2026. SAI is responsible for funding 100% of the capital expenditure, operating costs, infrastructure, equipment deployment and working capital required for the mining and processing operations covered by the agreement, while WHM retains a 20% cost-free entitlement to production. Operational preparations for the development of 2A are continuing, with Kazera and SAI focused on bringing the enlarged South African HMS operations into commercial production during Q1 2027. Production is expected to ramp up progressively, with an initial target of at least 10 000 tonnes per month by Q2 2027 and current operational planning targeting approximately 30 000 tonnes per month thereafter. Executive leadership transition The company announced its planned executive leadership transition, together with the ongoing executive role to be undertaken by Richard Jennings. Richard Jennings was appointed Interim Chief Executive Officer in April
2A (2A), held by the company’s South African subsidiary Whale Head Minerals (WHM), has now been formally executed by the South African Department of Mineral and Petroleum Resources (DMPR). Formal execution represents the completion of the key regulatory process following the grant of the 2A Mining Right announced on 2 September 2026 and triggers a further US$1.75 million advance payment to WHM from South Africa AT Investments (SAI) under the parties’ long- term Mining Cooperation and Production Sharing Agreement. The company also announced changes to its executive management structure, reflecting the next phase of Kazera’s development and building on the close working relationship established between Paul Dulieu, currently a Non-Executive Director of the company, and Richard Jennings since the reconstitution of the Board in April 2026. 2A Mining Right 2A covers approximately 3 095 hectares in the Northern Cape, South Africa and forms the cornerstone of Kazera’s Heavy Mineral Sands (HMS) strategy. The formal execution of the Mining Right enables development of 2A to progress under
Jennings remains on the Board as an Executive Director. n
Whale Head Minerals HMS Pilot Plant.
Execution of the Whale Head Minerals 2A Mining Right at the Northern Cape DMPR on 23 September 2026.
November 2026 | www.modernminingmagazine.co.za MODERN MINING 7
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