Lumwana

Basement-hosted copper deposit comprising the Chimiwungo and Malundwe open pits. Located 90 km west of Solwezi, Zambia, accessed via the T5 highway with power supplied by ZESCO and an on-site diesel power station. Property covers 1,192 square kilometers under six large-scale mining licenses valid until 2029. Commercial production commenced in 2009 and was acquired by the current operator in 2011. Processing utilizes a conventional sulphide flotation plant. Super Pit Expansion Project feasibility study completed in 2024 to increase processing to 52 Mtpa and extend mine life to 2057.