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 (economic fee zones)

  • 35% Corporate tax rate

  • 5% royalty

  • Commercial terms negotiable 

 

 

WEST AFRICA - NEW LITHIUM FRONTIER

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  • Proven big, high-grade Li spodumene pegmatites

  • Significant globally

  • Historical gold focus in the Birimian, yet highly prospective for lithium too

  • Combined 1,855km2 portfolio secured; 1,172km2 in Ivory Coast and 684km2 in Ghana

 

Cape Coast Lithium Project (70-100%) 

  • 684km² land packages secured via earn in and application

  • Within 100km of Takoradi port and 100km of Accra

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

  • Spodumene dominant pegmatites

  • Additional Be, Nb-Ta, Cs, Sn potential

  • Within 1km of national highway

  • Through going high-voltage transmission lines

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EWOYAA and abonko DISCOVERY

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  • First phase 8,210m RC drilling programme completed

  • 4,684m second phase RC programme completed

  • Total 102 RC and 9 DD holes to date

  • Coarse spodumene mineralogy at surface

 

EWOYAA DISCOVERY - hIGH GRADE DRILLING RESULTS

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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

 
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EGYASIMANKU HILL REDISCOVERED

  • Area of historical works defined on the ground

  • 1.48Mt deposit at 1.67% Li₂O (non JORC)

  • Significant exploration upside within immediate deposit area

  • Spodumene dominant pegmatites observed

  • Li rich and Cs potential reported; re-discovered pegmatite field