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Manono Projects - Lithium, Tin, Tantalum, Rare Earths
African Energy Metals is positioning itself as a large concession holder with 30 Kms² of clean title concessions and an intension to acquire interests in additional Manono concessions.
Manono Location
Manono Facts
Some key facts relating to this project:
- 440 Kms Northeast of Lubumbashi accessible by air and road
- New area play expected to exceed Kolwezi in terms of size and importance to the DRC mining sector
- Historical tin and tantalum mining now to be surpassed by lithium and rare earths
- Infrastructure being built with a new road connecting Lubumbashi expected to be completed in the next year and a new railroad being completed in the next two years to connect with ports
- Chinese are buying up land which is not for mining but for plants, infrastructure, and commercial use
- Largest concession holder is Cominiere which is a parastatal company but is involved in a major title dispute
- Attention is centered around the AVZ Minerals world class lithium deposit which is also involved in a title dispute
- African Energy Metals is a large concession holder at 30 Kms² and with clean title and intends to acquire interests in additional Manono concessions
Concession Map
PE 8251 Concession Highlights
- Letter Agreement Option signed to enter a 50/50 JV with no set spending requirements and exclusivity fee paid
- 30 Km² property located 35 kms east of world class AVZ Minerals 400mt lithium deposit average grade 1.7 % and highly prospective for lithium, tin, and tantalum
- Mineralization runs in NE/SW parallel zones
- Historical tin production and project has an estimated 25,500 MT of tin at a grade of 5% in just a small area that can be expanded
- Tin has been trading in the US$32,000/t range
- Project was intelligently acquired by a metallurgist working with a geologist who worked on the AVZ Minerals development for 5 years and very familiar with the style of lithium mineralization
- Spodumene hosted in pegmatite observed on the concession
- Project already converted from an exploration to an exploitation permit with a long life and can immediately produce on a small-scale mechanized basis to generate cashflow
