Operational Update

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended by virtue of the Market Abuse (Amendment) (EU Exit) Regulations 2019.

11 February 2026

Kazera Global plc

("Kazera", the "Group" or the "Company")

Operational Update: Production Expansion at Whale Head and Deep Blue

Kazera Global plc (AIM: KZG), the AIM-quoted investment company, is pleased to provide an operational update on activities at its Whale Head Minerals ("WHM") heavy mineral sands ("HMS") project and Deep Blue Minerals ("DBM") diamond project in Alexander Bay, South Africa.

HIGHLIGHTS

WHM

· 1.5-shift operating programme implemented, effective 9 February 2026, with HMS production expected to rise to exceed 4,000 tonnes per month.

· Upgrade of trommel screen to improve processing efficiency and HMS product quality, currently delivering circa 32% TiO₂ content.

DBM

· Increased mining throughput expected to generate higher volumes of diamond-bearing gravel for processing.

· Overburden removal completed at the recently awarded high-potential inland diamond block, with mining now at the diamond-bearing gravel layer and processing expected to commence shortly.

OPERATIONAL CAPABILITY

· Appointment of additional South Africa-based operational specialists, including senior technical leadership, strengthening operational capability ahead of the anticipated 2A Mining Right.

· Operational initiatives aligned with the deployment of proceeds from the November/December 2025 fundraise.

Dennis Edmonds, Chief Executive Officer of Kazera, commented: "Following the seasonal slowdown over the South African Christmas and summer holiday period, operational activity has accelerated as expected, with increased equipment deployment, staffing and production expansion now underway. This includes extended shift operations at WHM, alongside processing upgrades and additional equipment now on site, supporting increased throughput and improved product quality. In parallel, the inland diamond project is progressing well, with overburden removal completed in the initial mining areas and processing of diamond-bearing gravel expected to commence shortly.

"The Company is also strengthening its South Africa-based operational team to support the next phase of growth and prepare for the anticipated 2A Mining Right. Together, these developments demonstrate delivery against the priorities funded through the recent fundraise and position Kazera for continued production growth."

DETAILS

Whale Head Minerals - production expansion

At WHM, the Company has implemented a 1.5-shift working programme, effective from Monday 9 February 2026, enabling mining and processing activities to operate across all daylight hours. This expansion is expected to increase production of HMS to over 4,000 tonnes per month.

As part of this, the Company is working closely with Alexkor RMC JV ("Alexkor"), the South African government-owned entity holding the diamond rights in the area, to finalise lighting and safety measures required for the transition to a full double-shift operating programme, which is expected to further enhance production capacity.

In parallel, an upgrade of the trommel screen at WHM is now underway, with a new internal screen manufactured and delivered to site. The upgraded equipment is expected to improve processing efficiency and enhance the quality of the HMS end product, which is currently delivering titanium dioxide ('TiO₂') content in the region of 32%. The upgraded product from the trommel screen will then allow third parties to test the product and to submit proposals for designing and building further separation technologies.

The expanded mining schedule is expected to simultaneously generate increased volumes of diamond-bearing gravel, which will processed at the Company's Deep Blue Minerals diamond project, supporting the planned growth in diamond recovery volumes.

Deep Blue Minerals - inland diamond mining area progressing

As announced on 25 September 2025, the Company was awarded a new high-potential diamond block by Alexkor, locally recognised as containing some of the highest carats per 100 tonnes within the Alexander Bay mining area.

A recently acquired bulldozer is now operational on site and has been used to remove overburden across an initial mining section. Mining activities have reached the target diamond-bearing gravel layer, and the Company expects processing of this material to commence shortly, representing a further step in expanding its diamond production profile.

Operational Capability

Strengthening South African operational leadership

To support the continued scaling of operations, the Company has agreed terms with two South Africa-based operational specialists, including a senior technician supporting both WHM and DBM and assisting with the optimisation of production. These appointments are intended to ensure the Group has sufficient operational and technical capacity to support planned growth and development activities, including in anticipation of the expected granting of the 2A Mining Right.

Delivery against use of funds

The operational initiatives outlined in this update are aligned with the planned deployment of proceeds from the Company's fundraise and retail offer completed in November and December 2025, which were undertaken to drive the next phase of growth at Kazera's HMS and diamond projects.

The proceeds are being deployed to expand mining and processing capacity at WHM, increase diamond recovery volumes through DBM, advance newly awarded diamond mining areas and strengthen operational capability throughout the Group ahead of the anticipated expansion associated with the 2A Mining Right.

Here is a self-shot informal video by Dennis Edmonds, CEO of Kazera Global plc, talking about progress following his visit to both projects last week

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.