Zimbabwe Lithium Company (Ltd)
Mining & Metals - Bulawayo, Bulawayo Province, Zimbabwe
Zimbabwe Lithium Company (Ltd) Employees
Zimbabwe Lithium Company (Ltd) Senior Management
Zimbabwe Lithium Company (Ltd) Details
Lithium-bearing surface tailings stockpile with a NI 43-101 Indicated Resource of 26.32 Million tonnes grading 0.58% Li2O generated from 40-year tin mining and gravity processing operations.Previously mined, crushed and milled – mitigates operating risk and is expected to dramatically reduce operating costs.Simple metallurgical recovery process.Brownfield site benefits are expected to significantly reduce capital costs.Staged development provides for a short timeframe to production/revenue (Estimated Q3 -2019).Risk mitigation through a phased approach to project development and capital spend.Term Sheet signed with Transamine Trading S.A. a Swiss-based off-taker to secure a USD $9.5 Million debt facility to cover capital costs of Phase 1.Local exploration potential offers project upside – located in an extensive known pegmatite belt with lithium, tin and tantalum mineralization potential.Bulk test work completed at Mintek in Johannesburg producing a +6% Li2O concentrate.An experienced team of metallurgical and mining engineers with in-depth knowledge and operating experience in Zimbabwe, as well as experience with large scale African mining projects, including Zimbabwe, West Africa and South Africa.
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