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 

 

 

Cape Coast Lithium Project (70-100%) 

  • 314km² land packages secured via joint venture and direct application

  • Historical Spodumene resource of 1.48Mt @ 1.66% Li₂O

  • Over 20km strike of pegmatite vein swarms identified in previous mapping

  • 8 pegmatite bodies reported; 350-560ft long, 30-80ft wide & 0.5-2.2% Li₂O

  • Resource and exploration upside 

  • Primary hard rock spodumene in pegmatite; additional beryllium, Ta-Nb, Sn and Au potential 

  • Within 70km of capital city Accra along bitumen highway 

cape coast lithium project license and application areas

cape coast lithium project license and application areas

 

Historic Egyasimanku Lithium Resource 

  • Historical (non JORC compliant) resource of 1.48Mt @ 1.66% Li₂O

  • Completed by Ghana Geological Survey during 1962; diamond drilling, trenching and bulk sampling

  • Only one of 4 areas assessed and included in resource

  • Resource scale potential upside along strike and at depth

historic lithium resource location

historic lithium resource location

 

Exploration Upside

  • 10km long by 1-3km wide pegmatite vein swarm identified in previous mapping at Apam – Winneba

  • 8 pegmatite bodies reported at Barari; 350-560ft long, 30-80ft wide & 0.5–2.2% Li₂O

  • North-East striking pegmatite trends; parallel to regional fabric

  • Along interpreted Birimian metasediments and Cape Coast granite intrusive contact

  • Egyasimanku Hill is largest topographical feature within immediate project area

key target areas within lithium portfolio

key target areas within lithium portfolio