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. 

12 August 2026

Kazera Global plc

("Kazera" or the "Company")

SAI Operational Planning Update

Initial target of approximately 30,000 tonnes per month of HMC at Walviskop

Kazera Global plc (AIM: KZG), the AIM-quoted investment company, is pleased to provide an update on the development of its heavy mineral sands ("HMS") operations by South Africa AT Investments (Pty) Ltd ("SAI") at the Walviskop site operated by the Company's wholly owned subsidiary, Whale Head Minerals (Pty) Ltd ("WHM"), in Alexander Bay, Northern Cape, South Africa.

As announced on 9 July 2026, the first phase of the programme with SAI includes the preparation of a comprehensive Mine Plan setting out production and heavy mineral concentrate ("HMC") grade targets, alongside planning for the plant, equipment, infrastructure and operational requirements necessary to support increased production at Walviskop.

While the comprehensive Mine Plan remains subject to further input and finalisation with SAI, WHM has prepared an interim operational plan covering the plant and equipment requirements for SAI's operations.

Current planning targets a progressive ramp-up to a production rate of approximately 30,000 tonnes per month of HMC from the HMS plant, with production commencement slated for early 2027. Plant and equipment is being mobilised for anticipated arrival in South Africa during November 2026.

The current estimated Free on Truck ("FOT") sales price for the HMC is approximately US$165 - US$170 per tonne. FOT means that the seller is responsible for making the product available and loading it onto the buyer's truck, with the buyer responsible for onward transport and associated costs from that point.

Further updates will be provided as the Mine Plan and SAI's operational plans are progressed.

Richard Jennings, Interim Chief Executive of Kazera, commented: "We are pleased to be progressing the operational planning for SAI's HMS operations at Walviskop following a site meet last week between SAI principals and WHM's mine manager and designated professionals.

"The interim planning work provides an initial framework for scaling operations towards an initial targeted production rate of approximately 30,000 tonnes per month of HMC, while the comprehensive Mine Plan is progressed with SAI.

"Based upon current FOT prices, and of course subject to achieving the monthly production rates, the future cash flow profile of our WHM subsidiary will be totally transformed."

"We look forward to updating shareholders as these plans develop."

ENDS

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

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.