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Kropz PLC - Elandsfontein Update regarding Water Tribunal

RNS Number : 6393W
Kropz PLC
20 August 2020
 

20 August 2020

Kropz Plc
("Kropz" or the "Company")

Elandsfontein Update regarding Water Tribunal ("Tribunal")

Kropz plc (AIM: KRPZ), an emerging African phosphate explorer and developer, advises that, further to the announcement on 16 March 2020, it has been notified that from 3 September 2020 three days have been scheduled for the hearing against Elandsfontein's valid integrated water use licence ("WUL"). The Tribunal will be resumed following a postponement, ordered by the Chairperson of the Tribunal, following COVID-19 concerns. Subsequent South African government guidelines have prohibited the Tribunal from reconvening in the period since March.

The Company would like to advise the market that, in order to allow the Tribunal the appropriate opportunity to fully review the matter, it will not be providing further comment on the official proceedings until the Tribunal has announced its decision. The timing of the decision is currently unknown.

Pending the Tribunal's decision, there is no legal impediment to the continuation of the water use activities authorised in the WUL.

 

For further information visit www.kropz.com or contact:

 

Kropz Plc

 

Mark Summers (CEO)

+27 (0)79744 8708

 

 

Grant Thornton UK LLP

Nominated Adviser

Samantha Harrison

Niall McDonald

+44 (0) 20 7383 5100

 

 

Hannam & Partners

Joint Broker

Andrew Chubb

Ernest Bell

 +44 (0)20 7907 8500

 

Mirabaud Securities Ltd

Joint Broker

Rory Scott

Edward Haig-Thomas

+44 (0)20 3167 7220

+44 (0)20 3167 7222

 

 

Tavistock

Financial PR & IR (UK)

Emily Moss

Jos Simson

Oliver Lamb

+44 (0) 207 920 3150

[email protected]

 

R&A Strategic Communications

PR (South Africa)

James Duncan

+27 (0)11 880 3924

[email protected] 

 

About Kropz Plc

Kropz is an emerging African phosphate explorer and developer, with an advanced stage phosphate mining project in South Africa and a phosphate project in 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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