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Wet Concentrator Plant A project update and 2...
Kenmare Resources plc has provided an update on its Wet Concentrator Plant A upgrade project, now expecting it to achieve nameplate capacity in Q1 2026 due to slimes management issues, though the capital cost estimate remains at $341 million. Consequently, 2025 ilmenite production is guided to be not less than 830,000 tonnes, with shipments expected to be approximately 980,000 tonnes of finished products. Total cash operating cost guidance is maintained between $228 million and $252 million. Disclaimer*
About this update from Kenmare Resources Plc
[{"type":"text","content":"\n\n \n \n\n Wet Concentrator Plant A project update and 2025 guidance update\n\nThis announcement contains inside information. Kenmare Resources plc(“Kenmare” or “the Company” or “the Group”) 17 December 2025 Wet Concentrator Plant A project update and 2025 guidance 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, provides an update on its Wet Concentrator Plant (“WCP”) A upgrade project and its 2025 production guidance. Statement from Ben Baxter, Chief Operations Officer: “Commissioning of the WCP A upgrade project continues to advance, following the work undertaken in September to install two new high-capacity dredges and a new feed preparation module. However, as the volume of ore going through the plant has progressively increased during the past month, some issues have emerged, primarily relating to slimes management. Remedial measures are already having a positive impact and we expect performance to improve further for the remainder of December. However, the plant is now expected to achieve nameplate capacity on a sustainable basis in Q1 2026. The updated schedule is not expected to impact the capital cost estimate of the project, which remains at $341 million. We have chosen to focus on resolving these issues and ramping up WCP A operations, rather than prioritising additional short-term production, given our relatively high levels of product inventory. Consequently, 2025 ilmenite production is now expected to be not less than 830,000 tonnes.” Overview of WCP A upgrade project Kenmare is upgrading its largest mining plant, WCP A, ahead of its transition to the Nataka ore zone. Nataka is the largest ore zone in Moma’s portfolio, representing approximately 70% of its Mineral Resources, and the transition to Nataka will secure Kenmare’s production for decades to come. WCP A will mine in Nataka for the remainder of its economic life, which is expected to exceed 20 years. The capital cost estimate of the WCP A upgrade, transition to Nataka, and associated infrastructure, remains unchanged at $341 million, with unallocated contingency remaining within that figure. Update on commissioning of WCP A Commissioning of the WCP A project has continued to advance. Exca...