Lifezone Metals Announces Receipt of Licence from Government of Tanzania for the Kabanga Nickel Project Multi-Metal Processing Facility at Kahama

Lifezone Metals Limited’s (NYSE: LZM) Chief Executive Officer, Chris Showalter, is pleased to announce that the Company has received a Multi-Metal Processing Facility Licence from the Government of Tanzania to refine nickel, copper and cobalt from its Kabanga Nickel Project at Kahama, located beside Barrick Gold’s former Buzwagi Gold Mine.

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Lifezone’s CEO, Chris Showalter, receives the Kahama Refinery Licence with a handshake from the Minister of Minerals, Hon. Anthony Mavunde. (Photo: Business Wire)

The Kabanga Nickel Project is located in the north-west Tanzania and is believed to be one of the world’s largest and highest-grade undeveloped nickel sulfide deposits. The Kahama Multi-Metal Processing Facility (“the Kahama Refinery”) site is located approximately 340 kilometers south-west of Kabanga. Lifezone’s subsidiary, Tembo Nickel Corporation Ltd. (“Tembo Nickel”) is the operating entity for Kabanga and Kahama, and is 16% owned by the Government of Tanzania.

Notably, through the application of Lifezone’s Hydromet Technology, Kabanga and Kahama will be able to produce finished metals in-country, potentially reducing capital and operating costs, as well as reducing costs associated with transport of concentrate or other intermediate products. Full in-country beneficiation will contribute towards local content optimization and eventually national development through the principle of equitable sharing of economic benefits. A Definitive Feasibility Study for the Kabanga Nickel Project remains on track for completion by Q3 2024.

Lifezone Metals’ Hydromet Technology is a transformational method of metals recovery that has the potential to replace smelting for base and precious metals refining. Pyrometallurgical smelting is one of the largest contributors to pollutive gas emissions, greenhouse gases and energy inefficiency in the production of metals products and the use of Hydromet Technology will help to unlock nickel, copper and cobalt from Kabanga, providing lower cost, lower emissions (relative to smelting) and traceable metals for Electric Vehicles batteries and to support the global energy transition.