Core Viewpoint - The company has approved the feasibility study for a significant expansion project at the Khoemacau copper mine in Botswana, officially commencing construction to enhance production capacity and optimize costs [1] Group 1: Project Details - The expansion aims to increase annual production capacity to 130,000 tons of copper concentrate and over 4 million ounces of associated silver [1] - The project includes extending the mining area to the northern part of Zone 5, as well as the Mango and Zeta northeast deposits, and constructing a new processing plant with an annual capacity of 4.5 million tons [1] - Total capital expenditure for the project is estimated at approximately $900 million, covering related expenses before 2026 [1] Group 2: Production and Cost Optimization - The expansion is expected to increase the total processing capacity of the mine to over 8 million tons per year [1] - The first batch of copper concentrate is anticipated to be produced in the first half of 2028 [1] - The average C1 cost during the mine's lifespan is projected to be optimized to below $1.60 per pound, a significant reduction from the actual C1 cost of $2.05 per pound recorded for the six months ending June 30, 2025 [1] Group 3: Future Prospects - Ongoing exploration activities at the Khoemacau mining area have identified further expansion potential, with annual production capacity expected to increase to 200,000 tons of copper [1] - The company plans to initiate a pre-feasibility study for the next phase of expansion in 2026 [1]
五矿资源(01208.HK)博茨瓦纳Khoemacau铜矿重大扩建项目获批