Pro-Mining Investment Framework

 
  • Mineral Rights, Licenses and Permits:
    1. Reconnaissance Licence - 1 year and renewal for a further 1 year
    2. Prospecting Licences - 3 years and 2 x 3 year extensions
    3. Mining Licenses - up to 30 year term and renewable for a further 30 year term

  • State Carried Interest - 10% free carry with up to 15% contributing

  • 10-year tax holiday 

  • 35% Corporate tax rate

  • 3% to 6% royalty

  • Commercial terms negotiable 

 

 
Picture1.jpg
 cape coast lithium project license and application areas

cape coast lithium project license and application areas

Drilling area overview_26Sept2018.jpg
24.jpg
All results to date_5Oct2018.jpg

Cape Coast Lithium Project (70-100%) 

  • 684km² land packages secured via earn in and application

  • High-grade Li pegmatite opportunities; low sovereign risk, pro-mining Ghana

  • Historical Spodumene deposit of 1.48Mt @ 1.66% Li₂O (non JORC) 

  • Within 100km of Takoradi port

  • Within 100km of capital Accra

  • Within 1km of national highway

  • Through going high-voltage transmission lines

 

EWOYAA DISCOVERY

  • First phase 8,090m RC drilling programme completed

  • Broad & continuous high-grade Li pegmatites in trenching and rock-chips

  • 100m @ 1.57% Li₂O including 40m @ 1.93% and 15m @ 2.18% Li₂O in trenching

  • 10m @ 2.41%, 25m @ 2.29%, 25m @ 2.14% Li₂O in rock chips

  • Coarse spodumene mineralogy at surface

Exploration Upside

  • Historical Egyasimanku Hill resource of 1.48Mt @ 1.66% Li₂O (non JORC compliant, deepest hole drilled to 30m)

  • Additional reports of 8 pegmatite bodies; 100-170 long, 10-25m wide and 0.5-2.2%Li₂O

  • High-resolution heli rad-mag survey completed

  • 12,460 Regional soils; PRESS, LIBS & pXRF

  • Multiple target zones defined