Kenmare Resources plc which operates the Moma Titanium Minerals Mine (the "Mine" or "Moma") in northern Mozambique, provides an update on its Wet Concentrator Plant (?WCP?).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 is essential to securing 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. In September 2025, WCP A paused production to allow for the disconnection of the existing feed preparation module and the two existing dredges. A new feed preparation module and two new high-capacity dredges were connected in their place, supported by a Tailings Storage Facility (?TSF?).
As previously announced, the commissioning process began on 2 October 2025 and since then Kenmare has been working to ramp-up the plant to its nameplate capacity of 3,500 tonnes per hour. The substantial components of the upgrade of WCP A are largely complete, operating to their design, and have demonstrated the capability to produce at nameplate capacity. The new feed preparation module, including the desliming circuit and new surge bin, are performing well and supporting improved recoveries.
After some initial challenges relating to automation systems (which have been fully resolved), both new dredges are online and consistently providing sufficient feed to the concentrator plant. The new TSF has also been successfully commissioned and is performing in line with expectations. The on-plant tailings management component of the upgrade is, however, currently restricting overall throughput and utilisation and requires further optimisation of mass and water balances to consistently achieve nameplate capacity.
Improvements are currently underway and remain confident that these issues will be successfully resolved, although some elements of the work may carry over into 2026.WCP A will complete its mine path in Namalope and begin its transition to Nataka from late Second Quarter 2026, which is expected to take approximately 18 months.
