Zimbabwe Lithium Company (Ltd) is rated 3 out of 5 in the category mining & metals. Read and write reviews about Zimbabwe Lithium Company (Ltd). 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.
Address
# 8 Park Rd, Suburbs
Company size
11-50 employees
Headquarters
Bulawayo, Matabeleland North