Produced In-House at Lifezone’s Simulus
Laboratory During Hydromet Refinery Pilot Scale Test Work
Lifezone Metals Limited’s (NYSE: LZM) Chief Executive
Officer, Chris Showalter, and Chief Technology Officer, Dr. Mike
Adams, are pleased to announce that Lifezone has produced nickel,
copper and cobalt cathode samples via the semi-continuous pilot
scale refinery test work underway at the Company’s Simulus
Laboratory in Perth, Australia. The metals were produced from
flotation concentrate derived from borehole core samples at the
Kabanga Nickel Project, located in north-west Tanzania.
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The first ever nickel, copper and cobalt
samples produced by Hydromet from Kabanga source material through
pilot test work completed at Lifezone’s laboratory in Perth,
Australia. (Photo: Business Wire)
This milestone marks the first metal ever produced from
Kabanga mineralization since the deposit’s initial discovery in
1975 by the United Nations Development Program.
Mr. Showalter stated: “Achieving the first-ever production of
refined nickel, copper and cobalt cathode from the Kabanga Nickel
Project marks a historic milestone for the Project and for
Lifezone. This accomplishment, resulting from extensive test work
at our in-house laboratory, reflects our commitment to innovation
and bringing this world-class resource to market. It lays a strong
foundation for the future of Kabanga and the Kahama Refinery to
ensure high-quality, sustainable metals production in
Tanzania.”
Dr. Mike Adams added: “The production of nickel, copper and
cobalt cathode samples from the Kabanga Nickel Project is a
groundbreaking achievement by our team at Simulus Laboratory. This
success highlights the effectiveness of our hydrometallurgical
techniques and our commitment to sustainable metal production. The
pilot plant’s performance has been exemplary, closely matching our
process simulation models, and we are optimistic about the positive
impact this will have on the Kabanga Nickel Project and the future
operations at the Kahama Refinery.”
Extensive batch, locked-cycle and semi-continuous pilot plant
test work for processing of Kabanga flotation concentrate into
refined nickel, copper and cobalt metals has been undertaken to
confirm design criteria for the Kahama refinery. The pilot plant
has performed as expected and is consistent with various process
simulation models, both internal and vendor supplied. Leach
extractions were high and consistent with previously announced
figures, with data analysis, mass balancing and Quality Assurance /
Quality Control activities ongoing. Full product assays are
currently pending.
Simulus is a globally preeminent hydrometallurgical laboratory,
testing, and engineering design group. By bringing their highly
trained technicians and engineers and assets into Lifezone in 2023,
Lifezone has been able to shorten laboratory testing times, avoid
regular delays that can occur when using external laboratories,
maintain IP confidentiality, and better control costs.
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About Lifezone Metals
At Lifezone Metals (NYSE: LZM), our mission is to provide
cleaner and more responsible metals production and recycling. Using
a scalable platform underpinned by our Hydromet Technology, we
offer the potential for lower energy consumption, lower emissions
and lower cost metals production compared to traditional
smelting.
Our Kabanga Nickel Project in Tanzania is believed to be one of
the world's largest and highest-grade undeveloped nickel sulfide
deposits. By pairing with our Hydromet Technology, we are working
to unlock a new source of LME-grade nickel, copper and cobalt for
the global battery metals markets, to empower Tanzania to achieve
full in-country value creation and become the next premier source
of Class 1 nickel. A Definitive Feasibility Study for the
mine-to-metals project is due for completion in Q3 2024.
Through our US-based, platinum, palladium and rhodium recycling
partnership, we are working to demonstrate that our Hydromet
Technology can process and recover platinum group metals from
responsibly sourced spent automotive catalytic converters in a
cleaner and more efficient way than conventional smelting and
refining methods.
lifezonemetals.com
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Investor Relations – North America
Evan Young SVP: Investor Relations & Capital Markets
evan.young@lifezonemetals.com
Investor Relations – Europe
Ingo Hofmaier Chief Financial Officer
ingo.hofmaier@lifezonemetals.com
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