KINETIC DEV (01277) Surges Over 5% as Sierra Leone Moyamba Rutile Project Officially Begins Production

Stock News10-12

KINETIC DEV (01277) shares rose more than 5%, up 5.41% as of press time to HK$2.045, with a turnover of HK$10.8257 million.

The company announced that the rutile project has officially commenced production on October 1, 2026.

The rutile project is located in Rotifunk, Moyamba District, Sierra Leone. The mining license held by Minenet covers an area of approximately 117 square kilometers. According to information provided by Minenet, the rutile project area has reserves of approximately 4.532 million tonnes.

The group holds exclusive rights for exploration, mining, processing, and sales within the designated 50 square kilometer area of the license.

The announcement stated that the first production line of the first phase of the rutile project has completed construction and commissioning and officially commenced production on October 1, 2026.

The second production line is expected to complete construction in mid-October 2026, and the third production line is expected to complete construction in early November 2026.

The official commencement of production at the rutile project marks further diversification of the group's overseas mining layout, with overseas high-quality production capacity entering a new cycle of accelerated value release.

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