Business
Project update
Project update.
About this update from Kenmare Resources Plc
[{"type":"text","content":"\n\n \n \n\n Project update\n\nKenmare Resources plc (“Kenmare” or “the Company” or “the Group”) 26 March 2025 Project update Kenmare Resources plc (LSE:KMR, ISE:KMR), one of the leading global producers of titanium minerals and zircon, which operates the Moma Titanium Minerals Mine (the \"Mine\" or \"Moma\") in northern Mozambique, is pleased to provide a project update. Statement from Tom Hickey, Managing Director: “The upgrade of Wet Concentrator Plant A, and its subsequent transition to the large Nataka ore zone, will allow Kenmare to unlock over 70% of Moma’s Mineral Resources. This project will deliver stable production from Moma for decades to come and reinforce our low-cost profile. We are now adopting a phased approach to increasing production, combining the results of our analysis of upgrade options for Wet Concentrator Plant B and learnings from the more recent Selective Mining Operation. This strategy will enable us to allocate capital in the most efficient manner, delivering enhanced returns.” Overview Nataka is the largest ore zone in Kenmare’s portfolio, containing over six billion tonnes of Moma’s nine billion tonnes of Mineral Resources. Wet Concentrator Plant (“WCP”) A is the largest of Kenmare’s three mining plants, representing approximately 50% of total mining capacity. WCP A will transition from its current mine path in Namalope, where it has mined for over 17 years, to Nataka. This 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, running to 2045. Project status update The WCP A upgrade and transition project consists of three key components, in addition to the infrastructure included in the WCP A Infrastructure Definitive Feasibility Study (“DFS”), and their current status is as follows: New more powerful dredges - the fabrication of the two new dredges is advancing with the project contractor. All work is expected to complete in Q2, before transportation to Moma for commissioning in Q3WCP A upgrade - all principal components of the new module (including 42 pontoons, surge bin, upfront desliming circuit, major steelwork and screens) are on site. Construction is advancing, with a risk of a delay to commissioning to later in Q3Introduction of a Tailings Storage Facility - construction commenced in mid-January 2025. Commissioni...