RE: News flow5 Sep 2025 15:05
My understanding is they upgraded the extraction fan on kiln 1 at the start of August and made separate updates to kiln 2 about the same time. The plan being to run both and evaluate the respective performances. If the combined improvements get the kilns output toward 80 to 100 t/day they will then need to bring both kilns up to the latest specifications. I imagine the Zambian bank will want to see at least 2 months consistent running to prove reliable production before signing off on the loan. Guessing that will be end Q4 25 into Q1 26. Then a methodical upgrading of kilns 3 to 8 with Limeco stake at 45% and bridging loan paid off courtesy of the bank loan. In a perfect world of course.