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Executive Summary

Midlands Beneficiation (Private) Limited is built to turn ore into saleable concentrate

Midlands Beneficiation (Private) Limited is a Zimbabwean private limited company based just outside Kwekwe in Midlands Province. We process chrome ore, lithium ore, and gold-bearing material for small and medium-scale miners who need reliable beneficiation, transparent assay control, and a commercial route to better pricing.

Our model is simple: we crush, mill, concentrate, and support off-take for third-party ore, then earn through toll-processing fees and technical services. From Month, our founder and majority shareholder, leads the business with more than 10 years of experience in small-scale mining operations and mineral trading in Zimbabwe.

The market gap we are filling in Zimbabwe’s mining corridor

The customers we serve are active miners around Kwekwe, Chegutu, Kadoma, Gweru, and the wider Midlands corridor. Many produce enough tonnage to justify processing, but not enough capital to build and run their own plant.

That gap creates a direct commercial opening for Midlands Beneficiation (Private) Limited. We are positioned to capture recurring throughput from miners who want higher recoveries, better settlement terms, and a formal beneficiation partner rather than informal middlemen.

:::reassure Our market position is practical and defensible

• We are close to ore sources and road access.
• We serve chrome, gold, and lithium from one site.
• We combine processing with assay-backed reporting and off-take support.
  :::

Headline numbers investors need to see

Our 5-year model is built on disciplined throughput growth and stable margins. Year 1 revenue is USD 540,000, rising to USD 714,425 in Year 3 and USD 822,538 in Year 5.

Gross margin remains steady at 60.0% across the forecast period. The business reaches break-even timing at approximately Month 36, which reflects the capital intensity of plant build-out and the ramp-up needed to stabilise volumes.

At a glance

Metric	Value
Business name	Midlands Beneficiation (Private) Limited
Location	Industrially zoned site just outside Kwekwe, Midlands Province
Legal structure	Zimbabwean Private Limited Company
Currency	USD
Total funding required	USD 700,000
Equity capital	USD 200,000
Debt principal	USD 500,000
Year 1 revenue	USD 540,000
Year 3 revenue	USD 714,425
Year 5 revenue	USD 822,538
Gross margin	60.0%
Break-even timing	Approximately Month 36

Why this business earns investor attention

We are not funding exploration risk. We are funding a processing business with repeat demand, a defined customer base, and a revenue model tied to actual ore movement in Zimbabwe’s mining clusters.

The plant is designed to monetise beneficiation at scale through chrome toll fees, gold milling and gravity concentration, lithium pre-processing, and lab and technical services. The leadership team is already in place: Blake Morgan, a mining engineer with 9 years of experience, will oversee operations; Morgan Kim, a degree-qualified metallurgical engineer with over 8 years in beneficiation plants, will lead recovery optimisation; Reese Johansson, an accountant with 7 years in mining and manufacturing finance, will manage finance and administration; and Alex Chen, with 6 years in mining services sales across Zimbabwe and South Africa, will drive business development and client acquisition.

That combination matters because the revenue depends on plant uptime, technical recovery, cash discipline, and customer retention. We have built the business around those four disciplines, not around speculative assumptions.

Funding request and capital deployment

We are seeking USD 700,000 in total funding. The capital structure is USD 200,000 in equity and USD 500,000 in debt, giving Midlands Beneficiation (Private) Limited the balance sheet strength to commission the plant and carry early working capital needs.

The funding is aligned to a mineral processing asset in an industrial site outside Kwekwe. Our use of capital is concentrated on equipment, site infrastructure, and the liquidity required to reach steady-state production without forcing the business into a cash squeeze.

:::tip Why this raise is structured this way
The raise is sized to support:

• plant installation and commissioning,
• site preparation and electrical infrastructure,
• early operating costs during ramp-up,
• and contingency cover for equipment lead times and throughput variation.
  :::

Financial outlook by the numbers

The financial model is attractive because gross margin stays at 60.0% throughout the forecast, while revenue expands from USD 540,000 in Year 1 to USD 665,820 in Year 2 and USD 714,425 in Year 3. EBITDA improves from USD 72,000 in Year 1 to USD 134,722 in Year 3 and USD 150,680 in Year 5.

We are honest about the early phase. Year 1 net profit is -USD 34,500, driven by depreciation and interest linked to the capital structure. Profitability turns positive in Year 2 at USD 25,332 net income, and strengthens to USD 71,577 by Year 5.

Investor-read summary

Measure	Year 1	Year 3	Year 5
Revenue	USD 540,000	USD 714,425	USD 822,538
Gross Profit	USD 324,000	USD 428,655	USD 493,523
EBITDA	USD 72,000	USD 134,722	USD 150,680
Net Profit	USD -34,500	USD 40,449	USD 71,577
Gross Margin	60.0%	60.0%	60.0%

The investment case in one sentence

Midlands Beneficiation (Private) Limited is a Kwekwe-based beneficiation platform with a proven customer need, diversified mineral exposure, a technically capable management team, and a 5-year forecast that moves from ramp-up loss to sustained profitability while scaling revenue to USD 822,538 by Year 5.

:::reassure What gives us confidence in execution

• The customer base is fragmented but active, which supports direct sales and repeat contracts.
• Our service mix reduces reliance on one commodity.
• Our operating team has direct experience in mining, metallurgy, finance, and sales.
• The model reaches stronger cash generation as throughput rises.
  :::

Company Description

Midlands Beneficiation (Private) Limited

Midlands Beneficiation (Private) Limited is a Zimbabwean private limited company established to upgrade chrome ore, lithium ore, and gold-bearing material into saleable concentrate products for small and medium-scale miners. We operate from an industrially zoned site just outside Kwekwe in Midlands Province, placing us close to active mining clusters, main road access, and the ore sources that feed our plant.

The company was formed to solve a specific commercial problem in Zimbabwe’s mining supply chain. Many artisanal and small-scale miners in Kwekwe, Chegutu, Gweru, and the wider Midlands area continue to sell low-grade run-of-mine ore because they do not have the plant, technical capacity, or working capital to beneficiate material themselves. That leaves value in the ground or transfers it to middlemen, while miners carry the operational risk without capturing the full metal value.

We close that gap by offering a professionally managed beneficiation hub that crushes, mills, concentrates, and in selected cases briquettes mineral material for third-party miners. Our service model is built around toll-processing, assay-backed reporting, and off-take support so clients can convert raw ore into higher-value product with clearer pricing and faster cash conversion.

Our legal structure, ownership, and operating identity

Midlands Beneficiation (Private) Limited is registered in Zimbabwe as a Private Limited Company (Pvt Ltd). The business will price and contract in USD, which aligns with current mining-sector practice for commercial transactions, supplier agreements, and client settlements.

I hold 70% equity in the company and remain the majority shareholder. The remaining 30% equity is held by a local mining partner and a technical partner, creating an ownership structure that combines deal flow, operating insight, and technical discipline.

The business is intentionally structured as a focused beneficiation platform rather than a general mining house. We do not pursue primary extraction at this stage; instead, we monetise the processing step where ore value is lifted through professional comminution, concentration, and quality control. That keeps our model asset-led, repeatable, and scalable across multiple mineral streams.

Why we are positioned in Midlands Province

Our plant location just outside Kwekwe is central to our commercial logic. The catchment includes chrome, gold, and lithium producers within a 150 km radius, including nearby activity corridors around Kadoma, Chegutu, and Gweru.

This location reduces haulage friction for our clients and improves throughput reliability for us. It also places us within reach of established mining communities, small-scale operators, service providers, and transport networks that already support mineral movement in the province.

The customers we serve

Our target customers are small to medium miners producing roughly 200 to 2,000 tonnes of ore per month. They typically have enough output to justify processing, but not enough capital to build and run their own beneficiation plant.

We serve:

• chrome miners seeking crushing, screening, spiral concentration, and concentrate handling
• gold producers requiring milling and gravity recovery
• lithium miners needing crushing and sizing before downstream sale or movement
• mineral traders and ore aggregators who need assay support and reliable processing capacity

The commercial logic is straightforward. We make it easier for miners to move from low-value ore sales to improved recoveries, higher-grade product, and better bargaining power with smelters and buyers.

:::tip Our market position
We are not a speculative exploration company and we are not a single-commodity toll plant. Midlands Beneficiation (Private) Limited is built as a multi-mineral beneficiation service provider with one plant, one management structure, and multiple revenue lines tied to real ore movement in the Midlands corridor.
:::

What we do and how we make money

Our core business is beneficiation service delivery. We process third-party ore under tolling arrangements and earn revenue from the service performed rather than from extraction risk.

Our revenue streams are:

• Chrome ore beneficiation toll fees
• Gold ore milling and gravity concentration toll fees
• Lithium ore crushing and sizing toll fees
• Lab and technical services, including assay support and process optimisation

The plant is designed around practical mineral upgrading, not laboratory theory. Chrome ore is crushed, screened, and concentrated; gold-bearing material is milled and fed through gravity recovery circuits; lithium ore is crushed and sized for downstream use. Where beneficiation economics support it, we also support bricketing and concentrate handling tied to client requirements.

Our commercial differentiation

We compete on more than plant capacity. Our edge is the combination of multi-mineral processing, metallurgist-led quality control, and transparent assay-backed reporting.

That matters because many small producers in our market receive inconsistent recovery, delayed payments, or unclear deductions when dealing with informal buyers. We reduce that uncertainty by operating as a structured industrial business with traceable outputs, better process control, and stronger compliance.

:::reassure Why miners trust our model
Our model is attractive to miners because it gives them:

• improved recoveries versus informal processing
• clearer product grading and assay visibility
• shorter turnaround times
• support with off-take negotiation
• a professional counterparty for repeat volumes
  :::

Management capacity and operating discipline

The company’s day-to-day execution is led by a team with direct mining and finance experience in Zimbabwe and Southern Africa.

Blake Morgan, Operations Manager, is a mining engineer with 9 years of experience running crushing and milling circuits for chrome and gold in the Midlands and Mashonaland regions. He is responsible for plant operations, production planning, and maintenance discipline.

Morgan Kim, Plant Metallurgist, holds a degree in Metallurgical Engineering and has over 8 years of experience in beneficiation plants, including chrome spirals and gold gravity circuits. Morgan Kim oversees recovery optimisation, laboratory controls, and product quality.

Reese Johansson, Finance and Administration Manager, is an accountant with 7 years of experience in mining and manufacturing finance. Reese Johansson manages budgeting, cost control, payroll, contracts, and lender reporting.

Alex Chen, Business Development and Marketing Lead, brings 6 years of experience in mining services sales across Zimbabwe and South Africa. Alex Chen leads client acquisition, account management, and marketing campaigns.

As founder, I provide strategic direction, partnership development, and oversight of commercial and financial performance. My background includes more than 10 years in small-scale mining operations and mineral trading in Zimbabwe, which gives the company practical grounding in how miners buy, sell, and process ore in the local market.

Mission and growth intent

Our mission is to help Zimbabwean small and medium miners unlock more value from each tonne of ore through reliable beneficiation, honest reporting, and commercially sensible off-take support. We want to be the preferred processing partner for miners who need a serious plant, not a speculative buyer.

Our long-term objective is to grow Midlands Beneficiation (Private) Limited into a recognised regional beneficiation platform. We intend to deepen throughput from the current Midlands base, expand lithium capacity over time, and build a second satellite presence or mobile circuit that can serve another mining cluster in Zimbabwe.

The business is designed to grow in a controlled way. We will scale only where supply, recoveries, and customer contracts justify the added capacity, protecting both operating efficiency and investor capital.

Founding date and business stage

Midlands Beneficiation (Private) Limited is a new venture being established for launch in line with the plant build and commissioning schedule. The business is currently in the pre-operational development phase, with the legal entity, ownership structure, and commercial model already defined.

That foundation matters because it means the company enters the market with a clear mandate: process mineral ore for third-party miners in Midlands Province, earn through beneficiation services, and build a cash-generating industrial asset with repeat client demand.

🔒 Continues in the full version

The remaining 9 sections of this document cover:

• Products and Services
• Market Analysis
• Competitive Analysis
• SWOT Analysis
• Marketing and Sales Strategy
• Management and Organization
• Operating Plan
• Financial Plan and Projections
• Funding Request

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