Name of the Project
Wet concentrator plant (WCP) B relocation project.

Location
The WCP B will be relocated to the Pilivili ore zone at the Moma titanium minerals mine, in northern Mozambique.

Project Owner/s
Kenmare Resources.

Project Description
Kenmare previously announced three development projects to increase production to 1.2-million tonnes a year of ilmenite (plus co-products of zircon and rutile) from 2021.

A definitive feasibility study has confirmed the technical and economic feasibility of relocating WCP B, 23 km from its previous mining area at Namalope, to a new high-grade ore zone called Pilivili, following the completion of the existing mining path at Namalope in the third quarter of 2020.

Pilivili is the highest-grade ore zone in Moma’s portfolio and is expected to contribute an additional 130 000 t/y of heavy minerals concentrate production.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
Not stated.

Capital Expenditure
The total capital cost estimate for the relocation is $106-million, including $15-million in contingency.

Planned Start/End Date
The relocation and re-establishment of WCP B is expected to start in the third quarter of 2020, with commissioning expected in the fourth quarter of 2020.

Latest Developments
Kenmare Resources has announced that the WCP B at its Moma titanium minerals mine has started production at the Pilivili ore zone, ahead of schedule.

Mining was previously targeted to start only in the middle of the fourth quarter.

“The move of WCP B represents the final stage of our growth programme and we are well positioned to produce 1.2-million tonnes per annum of ilmenite from 2021. This is expected to deliver expanded margins and increase d free cash flow generation, with the opportunity for stronger shareholder returns,” MD Michael Carvill has said.

Key Contract, Suppliers and Consultants
Mammoet (relocation of WCP B).

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