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The Kabanga Nickel project is in north-west Tanzania’s Kagera Region.
Kabanga Nickel heads towards final investment decision in 2026 Following the filing of its Feasibility Study, the project is transitioning from the exploration stage to the developmental financing and site preparation phases. T he Kabanga Nickel project, located in north-west Tanzania’s Kagera Region - near the Burundi border - is one of the world’s largest and highest- grade undeveloped nickel sulphide 84% owned by Lifezone and 16% by the Government of Tanzania. “You could say the stars have
aligned for Kabanga, given the major investment in hydro power and rail infrastructure by our partner, the Tanzanian government, coupled with the completion of our feasibility study, which confirms the technical and economic strength of one of the world’s most significant undeveloped nickel sulphide deposits,” says Showalter. The company recently announced
deposits. The deposit lies within the East African Nickel Belt, and contains significant nickel, copper, and cobalt mineralisation. It is a project with some history: the initial discovery occurred in the 1970s, with additional major discoveries made in the 1990s and early 2000s.
The next steps include securing project financing, final permitting and site preparation, building the underground mine and concentrator, and advancing plans for the proposed Kahama Hydromet Refinery.
According to Chris Showalter, CEO of Lifezone Metals, the asset had passed through several ownership structures over time, before being consolidated under Lifezone Metals in 2021. Operating company, Tembo Nickel Corporation, is
the filing of the Feasibility Study Technical Report Summary, he notes, adding that with the feasibility study now filed, the Kabanga Project transitions from exploration into
the developmental financing phase.
32 MODERN MINING www.modernminingmagazine.co.za | DECEMBER 2025 - JANUARY 2026
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