Cross-Asset Portfolio Comparison

Four worked dossiers side-by-side — three intelligence-grade (Kabanga, Kamoa-Kakula, Manono) and Loulo-Gounkoto, dossier-grade since the 5 Jul 2026 tier ruling · v1.0.59 first publication 13 May 2026 · Published by Afrimintel Ltd (Mauritius) · Pricing · Editor-in-Chief: Nikesh Patel, geochemist · Quality Standard three-state discipline preserved across all comparison cells.

What this view does. Side-by-side record of the five worked dossiers: asset profile, the NPV anchor each issuer publishes, and the ACLED and water-basin record. Each cell carries its Quality Standard state.
Companion view: the at-a-glance decision-shape matrix presents the same five dossiers across ten dimensions in one table.

Asset profile

Dimension Kabanga Kamoa-Kakula Manono Loulo-Gounkoto Lobito Corridor
Country Tanzania DRC DRC Mali Angola / DRC / Zambia
Province East African Rift Lufilian Arc Congo Craton West Africa Birimian Multi-jurisdiction
Commodity Ni-Cu-Co Cu Li-Sn-Ta Au Cu-Co + logistics
Stage Pre-FID greenfield Operating supermajor Disputed tenure Operating post-settlement Operating + expansion
Reserve (Mt) 52.2 SRCD 466 SRCD Not consolidated (disputed tenure) ABST · not yet verified 57.0 SRCD n/a (infrastructure)

Bankability decomposition (Methodology §10)

Dimension Kabanga Kamoa-Kakula Manono Loulo-Gounkoto Lobito Corridor
A. NPV anchor US$1,579m post-tax NPV8 (Lifezone FS-TRS, eff. 18 Jul 2025) SRCD US$5.5–20.2bn across the study's scenario set DRVD US$1,028m NPV10 (AVZ DFS) SRCD No asset-level NPV on the record ABST · not yet verified No NPV on the record ABST · not yet verified
D. Discount rate Not published ABST
withdrawn 12 Oct 2026; reader sets the rate
Not published ABST
withdrawn 12 Oct 2026; reader sets the rate
Not published ABST
withdrawn 12 Oct 2026; reader sets the rate
Not published ABST
withdrawn 12 Oct 2026; reader sets the rate
Not published ABST
withdrawn 12 Oct 2026; reader sets the rate

Downstream risk substrate

Dimension Kabanga Kamoa-Kakula Manono Loulo-Gounkoto Lobito Corridor
ACLED admin1 Kagera (Tanzania) Lualaba (DRC) Tanganyika (DRC) Kayes (Mali) 4-segment corridor
12mo events 4 SRCD 34 SRCD 44 SRCD 302 SRCD 86 aggregate SRCD
Water basin (TNFD) Kagera River → Lake Victoria basin Lualaba River → Congo Basin upper Lualaba tributaries → Congo Basin DRVD Falémé River → Senegal River basin Multi-basin transit

Withdrawn on 12 October 2026

Until this date the page also carried: a province score per asset (the "IC composite"), a severity grade on each ACLED count (LOW to CRITICAL), Afrimintel-assigned materiality tiers against the IFC Performance Standards, the World Bank ESF and the AfDB ISS, a counterparty-eligibility table, and a section of editorial observations. Most of those cells were labelled INF (Inferred), INF-PROP or PEND, which are not states of the Quality Standard. All of them were Afrimintel's own judgements: grades, tiers and eligibility calls. The platform records what the filings say and whether they agree; it does not issue grades or verdicts. They are withdrawn, and described on the audit log.

What remains above is Sourced, Derived or Absent. A cell marked "not yet verified" is Absent: the figure has not been checked against its primary document. Afrimintel publishes no discount rate or risk premium for these assets; each issuer study states the rate its own NPV is reported at, and the reader applies their own.

Methodology cross-links

Per-dossier deep-dives: Kabanga · Kamoa-Kakula · Manono · Loulo-Gounkoto · Lobito Corridor

Framework: Methodology v1.1 · §10 Bankability and Risk-Adjustment · Quality Standard · For journalists · Audit Log