Lifezone Metals Announces Receipt of Licence from Government of Tanzania for the Kabanga Nickel Project Multi-Metal Processing Facility at Kahama [Yahoo! Finance]
Barrick Gold Corporation (BC) (GOLD)
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Source: Yahoo! Finance
NEW YORK, March 21, 2024 BUSINESS WIRE )--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. 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, p
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