Core Viewpoint - The company has approved the feasibility study for the significant expansion project at the Khoemacau copper mine in Botswana and has officially commenced construction [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 will involve extending the mining area to the northern part of Zone 5, as well as the Mango and Zeta northeastern deposits, and constructing a new processing plant with an annual capacity of 4.5 million tons [1] - The total capital expenditure for the expansion project is estimated to be approximately $900 million [1] Group 2: Future Outlook - The expansion project is expected to produce its first batch of copper concentrate by the first half of 2028 [1] - Continuous exploration activities in 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]