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Kenmare Resources plc has announced Moma Expansion Update as follows:

PHASE 2 EXPANSION

Key Milestones Achieved

– Dredge manufacture complete, Factory Acceptance Tests passed and dredge at site being offloaded

– Engineering design – 80% of hours completed

• Structural design complete

• Only final detailing and construction as-built drawings remaining

– Equipment procurement – 83% complete

– Construction:

• Civil, mechanical and electrical contracts placed and work under way

• 374 bed construction camp complete

• Wet Concentrator Plant A (WCP A) upgrade complete and commissioned

• Wet Concentrator Plant B (WCP B) construction pond complete

• Foundations and concrete for product store and Wet High Intensity Magnetic Separation (WHIMS) circuit is well advanced

– Beach landing system in place and operating well.

PHASE 2 EXPANSION

Mining

• EXISTING Wet Concentrator Plant A (WCP A)

¾ Upgrade two existing dredges

¾ Upgrade WCP A to increase spiral feed capacity from 3,000 to 3,500 tph

• NEW Wet Concentrator Plant B (WCP B)

¾ Installation of 2nd mining plant consisting of:

• WCP with spiral feed capacity of 2,000 tph

• Starter pond

• 3rd dredge

• WCP spirals modular design allows for easier future capacity increases

• Addition of WCP B will not interfere with existing operations

• Planned WCP B move to the Nataka deposit in 2020 and WCP A in 2024.

More info: kenmareresources

Dredging Today Staff, December 22, 2011; Image: kenmareresources