Kropz PLC First production from Elandsfontein (2097F)
18 Mars 2022 - 8:01AM
UK Regulatory
TIDMKRPZ
RNS Number : 2097F
Kropz PLC
18 March 2022
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.
18 March 2022
Kropz Plc
("Kropz" or the "Company")
First production from Elandsfontein
Kropz Plc (AIM: KRPZ), an emerging African phosphate producer
and developer, is pleased to announce first production of phosphate
rock concentrate ("Concentrate"), from its Elandsfontein operation
in South Africa.
Elandsfontein commenced plant commissioning in Q4 2021 and has
achieved a concentrate grade of 31% P (2) O (5) , in line with
management expectations . Concentrate samples will now be prepared
for shipment to a number of potential buyers to confirm product
specifications. Sales to smaller local customers in South Africa
will commence in late March 2022.
The focus at Elandsfontein now shifts to increasing ramp-up of
operations to achieve nameplate capacity and enable the first
commercial large scale shipment of Concentrate while optimising
process recoveries .
All the required reagents have been received on site for the
commissioning and initial ramp-up activities. Full production
capacity is expected by early Q4 2022.
The phosphate rock market remains strong and has shown good
interest in Elandsfontein's low cadmium Concentrate.
Mark Summers, CEO of Kropz, commented:
"We are delighted to have reached this significant production
milestone for the Company. The interest that we are receiving from
the market and industry is positive. We look forward to providing
further updates as we optimise processing recoveries and make our
first bulk sales."
The Company will provide further updates on the Elandsfontein
production in due course.
For further information visit www.kropz.com or contact:
Kropz Plc
+27 (0) 79 744
Mark Summers (CEO) 8708
Grant Thornton UK LLP Nominated Adviser
Samantha Harrison
Harrison Clarke
George Grainger +44 (0) 20 7383
Ciara Donnelly 5100
Hannam & Partners Broker
Andrew Chubb +44 (0) 20 7907
Ernest Bell 8500
Tavistock Financial PR &
IR (UK)
N ick Elwes +44 (0) 207 920
Jos Simson 3150
Oliver Lamb kropz@tavistock.co.uk
R&A Strategic Communications PR (South Africa)
James Duncan +27 (0) 11 880
3924
james@rasc.co.za
About Kropz Plc
Kropz is an emerging African producer and developer of plant
nutrient feed minerals with phosphate projects in South Africa and
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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END
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