◢ AFRIMINTEL · decision layer

The decision view

Khoemacau Z5

Kalahari Platform · Cu-Ag · MMG (55%) / CNIC (45%)

Evidence depth: operating-markers
Operating-disclosure markers; no study-level economics carried.
Afrimintel states the evidence depth of all 159 assets on its bankability roster. 2 are fully-worked DCFs and 4 carry a complete study-level marker set; a further 9 carry headline study-grade markers only. 6 assets have their source documents preserved on this site, where 106 numeric figures verify against the document text and 9 are excluded and named because they cite a document not in the archive. See the full roster and what each tier means.

dossier-gradeproducing

Need this asset checked for a live decision? A verified dossier is $1,850, fixed fee: every Sourced figure traced to the document it came from, the gaps listed, signed by the Editor-in-Chief. Ask about Khoemacau Z5 ›

Hand-maintained under the contract suite (generator retired 7 Sep 2026) · dataset see manifest · record reviewed 2026-05-02 · machine-readable: /api/v1/deposits/khoemacau-z5.json · ⎙ print / save as PDF

Stage and status

DFI · investment house — what stage is the asset at, and what does its record hold?

Life-cycle stageproducing Derived
Operating statusOperating + Expansion underway Sourced
Reserve (P+P)32.2 Mt @ 1.9% Cu, 25 g/t Ag Sourced
Reserve basis (verbatim)100% project basis

Value anchors

advisory · corporate development — what does the record support?

Resource (M+I+I)not carried — to be read from the MMG 2024 Annual Report MROR (absence_basis: not-yet-verified). An earlier ~450 Mt figure shown here as Sourced was an editorial estimate and is withdrawn (29 Sep 2026). Absent
Resource basis (verbatim)100% project basis — exact M+I+I tonnage and grade to confirm against MMG 2024 Annual Report MROR; ~450 Mt is editorial estimate per audit note 'I+I significantly larger ~450 Mt and serves as the expansion basis'
Primary sourceMMG 2024 Annual Report MROR (JORC 2012); MMG acquisition Mar 2024; expansion announcements Feb-Mar 2026 [Sourced 2026-05-02] Sourced
Comparables (Cu-matched)5 African M&A · 1 intl · 1 financing/benchmark — set spans, not market curves · deals · compare assets · data freshness Sourced

Risk read

mining major · insurer — what is the exposure?

Ownership structureJV held via Cuprous Capital Ltd; MMG completed acquisition March 2024; MMG 55% + CNIC Corporation Limited 45% Sourced
Recent events (record, newest last — tail shown)… reaking on $1B expansion (8 Mtpa / 130 ktpa Cu / 4 Moz Ag); MCC23 Botswana contract Mar 2026 ($31.5M concentrate plant); 2024 actuals 42.1 kt Cu; 2025 guidance 43-53 kt Cu; full-scale expansion target 130 ktpa Cu by 2028 Sourced

What this record does not yet support — disclosed, not estimated