The Kinsevere deposit is a sediment hosted copper deposit with low-grade cobalt association. The deposit is comprised of the R1, R2 and R3 subgroups of the Neoproterozoic Roan Group. Copper mineralisation is generally confined to the Mines (R2) subgroup, however, minor copper-oxide and copper-sulphide development occurs along the R1-R2 contact and the R2-R3 contact. The deposit is located along a major structural element termed the Kinsevere lineament. Halokenetic and tectonic processes have resulted in the emplacement of discrete lower Roan (R2) stratigraphic blocks onto younger, upper Roan (R3 and above) stratigraphy. The Kinsevere deposit is comprised of three distinct mineralisation domains: Central, Mashi and Kinsevere Hill. Central and Mashi form a contiguous sequence of mineralised Mine Series correlates that host copper-cobalt oxides and sulphides. Kinsevere Hill represents a structurally isolated occurrence of Mine Series host rocks containing copper-cobalt oxides with minor copper sulphides. Copper oxide mineralisation is defined as material that has CuAS:CuT ratio between 0.5 to 1. The principal copper oxide mineral is malachite with subordinate chrysocolla, copper clays (Goethite and Mn-WAD), pseudomalachite and rare azurite. Tenorite, native copper and other minor copper oxide phases (Cuintergrows) are also present in minor quantities (~<5% of total Cu oxide mineralogy). The largest proportion of copper oxide mineralisation is hosted in weathered/oxidised carbonates (CMN) as fracture fill, void fill, mineral replacement and coatings. There is a strong preference for copper oxides to develop in CMN lithologies, especially within strongly weathered, brecciated and karstic zones. Transitional and Mixed Ores (TMO) are copper ores that have an CuAS:CuT ratio between 0.2 and 0.5. Transitional ore zones are classified as zones that contain dominantly transitional copper species such as chalcocite, covellite, cuprite and native copper and are likely to have formed during progressive supergene weathering. Mixed ore zones are defined as containing both sulphide and oxide copper phases present together - particularly malachite, chalcocite and chalcopyrite Sulphide mineralisation at Kinsevere is defined by all material that has an CuAS:CuT ratio < 0.2. Sulphide mineralisation at Kinsevere has several different modes of development and styles. The three major types are: 1. Replacement of early diagenetic pyrite and evaporites by chalcopyrite and carrolite. 2. Replacement of carbonate minerals by copper and cobalt sulphides. 3. Sulphide bearing veins and vein replacement. The mineralisation strike length is approximately 1.3 km for the Tshifufia (Central) and Tshifufiamashi (Mashi) deposits while Kinsevere Hill has a 1km strike length. The mineralisation dips sub-vertically. Mineralisation extends to 400 m at depth, and it can be up to 300m in width. The mineralisation outcropped at Kinsevere Hill and Mashi deposits.

Mining of the Kinsevere deposits is undertaken by the open pit method, which is expected to continue throughout the life of mine.

Kinsevere mine is an open pit operation that is mining and processing oxide copper ore. The operation uses a contract mining fleet of excavators and both rigid body and articulated dump trucks along with a fleet of ancillary equipment.

This mining method is appropriate for the style and size of the mineralisation.

Minimum mining width (bench size) is typically in excess of 45m but is ~35m in some isolated areas during stage development.

All required infrastructure is in place for processing Oxide Copper bearing minerals only. Infrastructure required for the Sulphide plant is outlined in the Kinsevere Expansion Project (KEP) study. Mining rates are planned to stay relatively constant and is within the capacity of the proposed mining contractor capability and capacity.

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Kinsevere mines and processes oxide ore. This enables the operation to use the conventional solvent extraction/electrowinning (SXEW) process (Exhibit 3) to produce A grade refined 99.99% copper cathode. The Kinsevere operation was commissioned in 2007 as a Heavy Media Separation (HMS) operation with a copper concentrate product. The current SXEW plant was completed in 2011 and the HMS plant was closed. Elements of the current plant and SXEW process include: Leach tanks – these are atmospheric agitated leach tanks. The residence time in the tanks is six hours. The leached slurry, which contains both copper in solution and un-dissolved copper in solids, passes to the high-grade thickener. High-grade thickener – Overflow from the thickener containing copper in solution, mainly as copper sulphate, passes to a high-grade pinned bed clarifier for further upgrading. Slurry underflow from the thickener, which contains copper not yet dissolved, passes to the counter current decantation (CCD ........