In this paper, the results of copper-lead matte investigations are presented. Investigated copper-lead matte is intermediate product of the lead production in TREPCA-Zvečan. In the first part of the paper characterization of starting material is presented, consisting of: chemical composition analysis (XRQ), scanning electron microscopy (SEM) and diffractometry (XRD). Thermal properties of investigated matte were determined using differential thermal analysis (DTA) at characteristic temperatures. Using results of induced analysis, mechanism of matte oxidation process was determined. In the second part of the paper kinetic parameters describing oxidative roasting of copper-lead matte are presented. For activation energy calculations, non-isothermal methods defined by Kissinger and Ozawa were used [1, 2]. Kinetic equation describing oxidation process was determined using Sharps method of reduced half time of reaction [3].