KSL Kupferschiefer Lausitz GmbH

KSL Kupferschiefer Lausitz GmbH is a wholly owned subsidiary of the international mining holding company Minera S.A. It was established in 2007 for exploration, extraction and processing of the copper ore in Spremberg. This deposit is located in the Brandenburg Spree-Neisse district and in the adjacent area of the Saxony district of Görlitz.

Overview

KSL Kupferschieferlausitz GmbH is a base metals`company focused on advancing the Spremberg-Graustein-Schleife deposit in Germany. The deposit hosts a large copper/gold/silver reserve with a reserve of 130 million metric tons ore with 1,47% copper and is planning to commence production in 2030.

Over its estimated 18+ years of mine life, KSL preliminary studies estimate the project's average annual production to be approximately 165 million pounds of 100% copper. The project is in the Spatial Planning Procedure (SPP)  permitting stage. KSL handed in the required documentation for authorities review end of 2016. Production is planned to start in 2030. Once in production, KSL will be the sole copper mine in Germany.

The Company's objective is to build and operate a world-class KSL copper deposit and develop a robust portfolio of assets in Europe with a focus on organic growth and early stage acquisitions. The exceptional experience and strength of KSL's management and team supported by Minera S.A., combined with the developmental infrastructure, and the robust economics of the Spremberg-Graustein-Schleife project puts KSL on track in becoming a solid mid-tier copper producer.

License and Permit

In 2007, Minera S.A. received the exploration permits from the mining authorities of the states of Brandenburg and Saxony for the area of Spremberg-Graustein-Schleife. In mid 2010, an exploitation license was granted by the State Office for Mining, Geology and Minerals in Brandenburg and thereby rights to exploit copper and other metals in the deposit Spremberg-Graustein for 40 years were obtained. In the beginning of 2011, the exploitation license for the Saxonian part of the deposit was granted by the Saxon Mining Office in Freiberg.



Kupferschieferlausitz

KSL