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Kropz holds steady cash of $12m; Elandsfontein work progressing despite some setbacks

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For the six months ended June 30, Aim-listed emerging African phosphate explorer and developer Kropz held steady cash of $12-million, the same value it held at the period ended December 31, 2020.

During the period under review, the company also increased its property, plant, equipment and exploration assets from $159-million, to $180-million, while restricted cash in terms of the amended facility agreement between Kropz Elandsfontein and BNP was $5-million, down from $7-million as at December 31, 2020.

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