Name of the Project
Moma titanium mine – wet concentrator plant (WCP) A upgrade and transition project.

Location
North-east coast of Mozambique.

Project Owner/s
Titanium minerals producer Kenmare Resources.

Project Description
The Moma mine contains deposits of heavy minerals that include the titanium minerals ilmenite and rutile, as well as the zirconium silicate mineral, zircon.

Mining is principally undertaken using dredges that float in artificial mining ponds. These dredges pump the mineral sands that form the wall of the pond into a WCP. Dredging takes place in three separate artificial freshwater ponds where four dredges feed three floating WCPs – WCP A, WCP B and WCP C.

WCP A is the biggest of Kenmare’s three mining plants, representing about 50% of total mining capacity.

The upgrade prepares WCP A to mine Nataka, Moma’s largest ore zone, which contains about 70% of the mine’s nine-billion tonnes of mineral resources.

The transition project is the only move of this kind that is required in WCP A’s economic life, which is expected to extend beyond the existing mine plan that runs until 2045.

The principal components of the project include the replacement of WCP A’s two existing dredges with higher-capacity dredges, the addition of a desliming circuit, and the construction of a tailings storage facility (TSF).

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
Not stated.

Capital Expenditure
$341-million.

Planned Start/End Date
Major upgrade construction and installation are complete. The August 2026 report scheduled the start of the Nataka transition for the second half of 2026. Consistent operation at the 3 500 t/h nameplate rate is now expected in the first half of 2027.

Latest Developments
In the quarter ended September 30, 2026, WCP A throughput improved to 3 100 t/h at 49% utilisation, from an estimated 2 760 t/h and 42% utilisation in the first half.

The dredge supplier implemented an interim winch-brake software solution, with a permanent solution expected on the first dredge by year-end. Pump-control modifications are being developed to address flow restrictions. Plant debottlenecking and reliability improvements have been implemented, while off-plant tailings management, the densification paddock and TSF are performing well.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
Kenmare Resources, tel +353 1 6710411 or email info@kenmareresources.com.