Kenmare Resources (“KMR”) has released solid Q4’24 operational results from its Moma mine in Mozambique. Ilmenite output rose 14% QoQ to 307kt, beating H&Pe by 8%, as higher grades drove better than expected heavy mineral concentrate (“HMC”) output. Primary zircon (+6%) and rutile (+16%) also exceeded H&Pe for Q4. For the full year, this implies ilmenite output of 1,009kt, above the mid-point of guidance and +2% vs H&Pe. The Wet Concentrator Plant A (“WCP A”) upgrade and transition to the Nataka ....
