Name of the Project
Kabanga nickel project.

Location
Ngara district of the Kagera region, western Tanzania.

Project Owner/s
Kabanga Nickel, a subsidiary of Lifezone Metals and BHP.

Project Description
Kabanga is the biggest development-ready nickel sulphide deposit in the world.

The project will be a cradle-to-gate mining operation, producing Class 1 nickel, cobalt and copper refined metals by adopting a hydrometallurgical processing technology that is more cost efficient than smelting and has a significantly lower environmental impact.

The project, which has a life-of-mine of more than 30 years, aims to produce a minimum of 65 000 t/y of nickel equivalent, with further exploration upside potential.

Lifezone intends to use its proprietary hydrometallurgical process technology –Hydromet Technology – at the project, noting that it has the potential to be a more cost-efficient alternative to conventional smelting, with a significantly lower environmental impact.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
Not stated.

Capital Expenditure
Not stated.

Planned Start/End Date
First production is targeted for 2025.

Latest Developments
BHP has completed the investment of an additional $50-million in Kabanga Nickel.

BHP, which acquired an initial 8.9% interest in Kabanga Nickel in 2022, now holds a 17% interest. It has the option to further increase its shareholding to 60.7%.

Key Contracts, Suppliers and Consultants
DRA Global (definitive feasibility study consulting engineer); and OreWin (lead mining consultant and qualified persons).
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Lifezone Metals, email info@lifezonemetals.com.