Kenmare Resources plc provided update to WCP A Project and Wcp B Upgrade. WCP A will complete mining at Namalope in late 2025, and commence its transition to the Nataka ore zone, where it is expected to operate for the remainder of its economic life, exceeding 20 years. The principal components of the project include the replacement of WCP A?s two existing dredges with higher-capacity dredges, the addition of a desliming circuit, and the construction of a TSF.

The DFS for these elements have now been completed and execution has been approved by the Board. The DFS for the supporting infrastructure is underway and is expected to be completed in Second Quarter 2024. DFS to upgrade WCP B is currently underway and is expected to be completed in Second Quarter 2024.

The upgrade would add an additional 1,000tph of capacity to the existing 2,400tph plant, increasing its capacity by almost 42%. The Company has decided to defer the FID on this project while it prioritizes the WCP A investment. Following the FID, the WCP B upgrade would take approximately 15 months.