Katanga Mining Ltd Ord KATFF

RE:RE:RE:RE:RE:RE:RE:Any updates from the meeting?

[Sogosohubidu201]

Great post and summary @topdop.

If I remember it correctly, KCC purchases about 650,000 tonnes of sulphuric acid annually. So at $350 USD per tonne, that would be around $227.5 million USD plus the shipping cost that itself is a major cost item. Even after removal of the input costs, the saving is really big from its own sulphuric production.

Per KAT March 2018 technical report, Katanga Mining's KCC mine has:

 

Measured and Indicated Copper Resource: 283.5 million tonnes x 3.6% copper grade = 10.21 million tonnes of copper.
Measured and Indicated Cobalt Resource: 283.5 million tonnes x 0.54% cobalt grade = 1.53 million tonnes of cobalt.

 

Inferred Copper Resource: 167.8 million tonnes x 3.79% copper grade = 6.36 million tonnes of copper.
Inferred cobalt Resource: 167.8 million tonnes x 0.44% cobalt grade = 0.74 million tonne of cobalt.

 

Therefore:
Total copper resource: 10.21 + 6.36 = 16.57 million tonnes. At average 80% recovery rate and 300k tonnes of annual capacity, this copper resource will last for 44 years.
Total cobalt resource: 1.53 + 0.74 = 2.27 million tonnes. At average 80% recovery rate and 30k tonnes of annual capacity, this cobalt resource will last for 60 years.

 

There are plentiful copper and cobalt resources to sustain KAT long term operation. But the copper and cobalt resourcs needed to be converted into reserves. The current copper reserve is 17 years.

 

However, I do agree, there should be a lot of opportunities in the mine and around the mine to add both copper and cobalt resources.