Kazera Global (AIM:KZG) said its wholly owned subsidiary Whale Head Minerals has prepared an interim operational plan covering plant and equipment needs for South Africa AT Investments' heavy mineral sands operations at the Walviskop site in Alexander Bay, Northern Cape.
The plan targets a progressive ramp-up to roughly 30,000 tonnes per month of heavy mineral concentrate (HMC), with production due to start in early 2027.
Plant and equipment mobilisation is under-way, with arrival in South Africa expected during November.
The interim plan sits ahead of a comprehensive Mine Plan covering production and grade targets, which remains subject to further input and finalisation with SAI, following the July 9 announcement of the first phase of their programme.
Kazera estimated a Free on Truck sales price for the HMC of approximately $165 to $170 per tonne, under which the seller loads product onto the buyer's truck and the buyer covers onward transport.
"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," said Richard Jennings, Kazera's interim chief executive.
The update follows a site meeting between SAI principals and WHM's mine manager and professional advisers.
Kazera said further updates will follow as the Mine Plan and SAI's operational plans progress.
News Intelligence what this means for the company
Kazera's subsidiary Whale Head Minerals has set an interim operational plan targeting 30,000 tonnes per month of heavy mineral concentrate from early 2027 at Walviskop, with plant and equipment mobilisation under way. This advances the South Africa AT Investments partnership announced in July 2026, moving from strategic intent toward concrete production timelines and capex deployment—though the plan remains interim, pending finalisation of a comprehensive Mine Plan with SAI.
The announcement anchors a previously announced partnership with concrete production targets and pricing ($165–$170 per tonne FOT), but does not disclose capex requirements, funding sources, or the terms under which Kazera will fund or recover its share of plant and equipment costs. Execution risk remains material: the company faces capital constraints and the plan is explicitly interim, subject to further SAI input.
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