Production
Mimbula Copper Royalty
Trident owns a 0.30% GRR royalty over Moxico Resources plc’s Mimbula Copper Mine located in Zambia. The GRR will decrease from 0.30% to 0.20% once the royalty has been paid on 575,000 tonnes of copper.
Mimbula Copper Royalty
The Mimbula Copper Project is Moxico’s first producing asset. The Phase 1 mining operations produce 10,000t of copper cathode per annum using a heap leach and solvent extraction/electrowinning (SX/EW) process. Phase 2 mining operations target an expansion to a total of 56,000t of copper cathode production per annum.
April 2022
Recent news
Moxico Resources plans to invest US$100M into the expansion of the Mimbula copper mine in Zambia. In October 2022, Moxico successfully produced the first copper cathode at its 10,000tpy copper cathode Phase 1 operation.
June 2021
Recent news
Moxico raised US$73M to fast-track the construction of a standalone processing center at Mimbula capable of producing 30,000tpy of copper. Phase 1 of the project will target 10,000tpy, with Phase 2 increasing production to the full 30,000tpy.
| Location | Zambia |
|---|---|
| Operator | Moxico Resources plc |
| Commodity | Copper |
| Mining Type | Open Pit |
| Stage | Production |
Location Map
Mineral Reserve Statement
| Measured & Indicated | 77.10Mt @ 0.97% Cu |
|---|---|
| Inferred | 16.70Mt @ 0.95% Cu |
| Total | 93.70Mt @ 0.97% Cu |
Source: Capital IQ