Acquisition of Khoemacau
MMG well positioned to deliver on expansion project
Khoemacau has a low-risk expansion plan
•
•
Strong in-country team
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Favourable metallurgy
Longhole stoping mining method, similar to Dugald River operations
Demonstrated track record of delivering major projects
% of nameplate ore milled vs McNulty Type 11
120%
McNulty Type 1
Las Bambas ore milled
Dugald River ore milled
100%
•
Pastefill (to be built at Khoemacau, similar to Dugald River operations)
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Continuous top down sequence of mining (higher development rates)
80%
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Favourable geotechnical conditions (large stope sizes)
MMG project development credentials
60%
•
Las Bambas commissioned 2016 (achieved 103% nameplate in 6 months)
40%
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Dugald River commissioned 2017 (achieved 107% nameplate in 7 months)
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Kinsevere expansion on track to extend mine life and increase production
20%
•
Experience operating in a variety of jurisdictions including Africa
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Experience operating a variety projects from ~1Mtpa to >50Mtpa
The McNulty Type 1 curve is considered the benchmark for
successful project implementation²
0%
1 2
3
4
5
6 7
8
9
10 11
12
13
14
Months
Notes: 1. McNulty, T, 2014. Plant Ramp-Up Profiles: An update with emphasis on process development, in COM 2014 and MMG analysis. 2. Type 1 curve represents ramp-up performance of mature technology, standard equipment and/or thorough testing.
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MMGView entire presentation