Katanga Mining Ltd Ord KATFF

RE:RE:RE:Glencore AGM

[Sogosohubidu201]

Glencore CEO had provided clear information specific to KAT regarding the uranium issue from Gloencore AGM this morning. Basically, trace uranium is in the ore body.  When Katanga previously produced cobalt metal from this ore body, uranium residue was completely washed out, resulting in clean cobalt metal without uranium residue. But when Katanga produced cobalt hydroxide from the WOL process, the uranium residue was not completely washed out and the cobalt hydroxide contained out of specs uranium.  With phosphoric acid precipitation process as the interim solution, KAT is now producing at least 1,200 tonnes of salable cobalt hydroxide meeting the uranium specs, which is great progress from 900+ tonnes in Q1. The finaly solution is with Ion Exchnage Plant and Glencore CEO said that they would produce 35,000 tonnes of salable cobalt hydroxide annually from early next year after the Ion Exchnage Plant is built  and commissioned.