Katanga Mining Limited announced production results for the fourth quarter and year ended December 31, 2018. Copper cathode production increased to 49,770 tonnes in fourth quarter of 2018 from 39,296 tonnes in third quarter of 2018. Cobalt contained in hydroxide produced increased to 4,646 tonnes in fourth quarter of 2018 from 3,512 tonnes in third quarter of 2018. Total ore mined decreased to 2,471,632 tonnes in fourth quarter of 2018 from 3,439,667 tonnes in third quarter of 2018. Total waste mined decreased to 13,835,436 tonnes in fourth quarter of 2018 from 15,365,386 tonnes in third quarter of 2018. Total contained copper decreased to 61,393 tonnes in fourth quarter of 2018 from 69,643 tonnes in third quarter of 2018. Total material milled and processed increased to 2,482,663 tonnes in fourth quarter of 2018 from 1,944,616 tonnes in third quarter of 2018. Total concentrate produced increased to 65,778 tonnes in fourth quarter of 2018 from 49,122 tonnes in third quarter of 2018. Total oxide feed received at Luilu increased to 1,602,666 tonnes in fourth quarter of 2018 from 1,195,149 tonnes in third quarter of 2018. Total contained copper in concentrate and oxide feed produced increased to 59,527 tonnes in fourth quarter of 2018 from 47,660 tonnes in third quarter of 2018.

Copper cathode production increased to 152,358 tonnes in 2018 from 2,196 tonnes in 2017. Cobalt contained in hydroxide produced increased to 11,112 tonnes in 2018 from nil tonnes in 2017. Total ore mined increased to 10,167,727 tonnes in 2018 from 433,169 tonnes in 2017. Total waste mined increased to 50,981,685 tonnes in 2018 from 45,281,410 tonnes in 2017. Total contained copper increased to 218,147 tonnes in 2018 from 9,459 tonnes in 2017. Total material milled and processed increased to 7,529,596 tonnes in 2018 from 1,922,101 tonnes in 2017. Total concentrate produced increased to 205,582 tonnes in 2018 from 95,815 tonnes in 2017. Total oxide feed received at Luilu increased to 4,666,773 tonnes in 2018 from 126,471 tonnes in 2017. Total contained copper in concentrate and oxide feed received at Luilu increased to 182,570 tonnes in 2018 from 20,340 tonnes in 2017.

2019 full year production guidance is 285kt of copper cathode and 26kt of cobalt contained in hydroxide.