Withdrawal of 2A Mining Right Objection

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.

3 November 2025

Kazera Global plc

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

Withdrawal of Objection Relating to 2A Mining Right Application

Withdrawal clears pathway to Mining Right approval

Kazera Global plc (AIM: KZG), the AIM-quoted investment company, announces that its Heavy Mineral Sands ("HMS") subsidiary Whale Head Minerals ("WHM" or "Whale Head") has been notified in writing that an objection lodged against the granting of the Mining Right for the area known as 2A (the "Mining Right") has been withdrawn.

The Company understands that the objection was the reason for delays in granting the Mining Right. With the objection now withdrawn, the Company believes there are no further obstacles to the Mining Right being granted and expects this to occur soon.

The 2A Mining Right covers an area of approximately 3,095 hectares, of which around 170 hectares contain heavy mineral sand ("HMS") deposits suitable for immediate mining subject to the construction of a suitable processing plant. The site lies a short distance north of Whale Head's current Walviskop HMS operation, which covers 5 hectares. The Company believes the HMS deposits at 2A to be at least as rich as Walviskop, with sands continuously replenished by wind and tidal action.

Written notification of the withdrawal has been provided to WHM, following the conclusion of discussions surrounding environmental and community matters. These included a commitment by Whale Head to update its rehabilitation planning, scientific monitoring and reporting measures.

Dennis Edmonds, Chief Executive Officer of Kazera, commented: "We are extremely pleased to have been notified that an objection relating to the 2A Mining Right has been withdrawn, which clears the way for the Mining Right to be granted soon. 2A is a highly prospective HMS area, and its development will materially expand Whale Head's operational footprint, creating the opportunity to dramatically scale HMS production. We will, naturally, update shareholders as soon as we have more news."

The Company will continue to engage with the relevant authorities and stakeholders as the regulatory process moves to completion and will provide further updates as appropriate.

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

About Kazera Global plc

Kazera is a global investment company focused on leveraging the skills and expertise of its Board of Directors to develop early-stage mineral exploration and development assets towards meaningful cashflow and production. Its three principal investments are as follows:

Alluvial diamond mining through Deep Blue Minerals (Pty) Ltd, Alexander Bay, South Africa

Kazera currently has a 100% direct interest in Deep Blue Minerals, of which 74% is held beneficially by Kazera and 26% is held on behalf of Black Economic Empowerment partners.

Heavy Mineral Sands mining (including ilmenite, monazite, rutile, and zircon) through Whale Head Minerals (Pty) Ltd, Alexander Bay, South Africa.

Kazera currently has a 70% direct beneficial interest in Whale Head Minerals together with the benefit of a loan facility entitling it to receive approximately £38m out of dividends from the other shareholders.

Tantalite mining in South-East Namibia (divestment in progress)

As announced on 20 December 2022, Kazera agreed to dispose of African Tantalum (Pty) Ltd ("Aftan") for a cash consideration of US$13 million plus a debenture payment of 2.5% of the gross sales of produced lithium and tantalum for life-of-mine. Completion of the sale was subject to receipt of full consideration proceeds. Aftan was deconsolidated from the Company's financial statements with effect from 4 January 2023 because, in accordance with the terms of the sale agreement, it had relinquished control of Aftan in favour of the purchaser, Hebei Xinjian Construction Close Corp ("Hebei Xinjian") with effect from that date. Kazera retained the right to cancel the transaction and retain all amounts paid to date in the event of default by Hebei Xinjian. Following default by Hebei Xinjian, Kazera initiated legal proceedings in September 2024, which have now concluded in Kazera's favour with an arbitration award exceeding US$11.9 million, including interest, plus coverage of legal costs. Kazera is now assessing the most effective legal and commercially beneficial avenues to enforce the award and recover the full amount due.

The Company will consider additional investment opportunities as appropriate, having regard to the Group's future cash flow requirements.