INVESTMENT HIGHLIGHTS

• Near-term production from a mid-scale, long-life copper asset (~26-30ktpa over 16 years) in Namibia, a stable, mining-friendly jurisdiction
• Strong economics with a defensive cost position of US$2.55–2.70/lb AISC
• Appian’s differentiated technical view is centred on the transition to a flotation processing route to improve recovery rates and overall project economics
• Additional improvements to the techno-economic assessment completed by Appian include resource block-model rebuild, flotation testwork completed confirming recoveries, grade optimized mine plan, and capex optimization program
• Premium concentrate product with low impurities and copper grades of >40% due to majority Chalcocite mineralogy
• Supportive copper fundamentals underpin sustained higher pricing
• Synergies with Appian’s Rosh Pinah operation with shared project leadership and leveraging our in-country capabilities
• Resource growth potential identified at both near-mine, and regional exploration across the Ekuja Dome, to be tested and extend the mine life
• Strong ESG profile: remote site, no resettlement risk, inert waste rock, and a clear path to IFC Performance Standards compliance

For more information about Omico Copper please click here.