Kengakela Mining / KIK Project

The KIK project is located in Kolwezi, the Democratic Republic of the Congo. It is a joint project for mining, beneficiation and smelting of a super-large copper-cobalt deposit in development. On December 3, 2018, Excellen Minerals SARL signed a formal contract with GECAMINES, the national mining company of the Democratic Republic of the Congo, in Kinshasa, the capital of the Democratic Republic of the Congo. It is the first copper-cobalt mining company in the Democratic Republic of the Congo to adopt a product-sharing model. The first-phase mining rights cover 6 blocks of PE8841, with an area of approximately 5.04 square kilometers; and 5 blocks of PE11600 in the mining area, with an area of approximately 4.23 square kilometers. The wet-process smelting plant with an annual production capacity of 40,000 tons of cathode copper has been initiated and is planned to be put into operation in mid-2026.