Objective Capital's Africa Resources Investment Congress 2011
Ironmongers' Hall, City of London
14-15 June 2011
Day 1: Africa Resources
Speaker: Gerry Clarke, Minerals expert
Vladyslav Fliahin: Applications of Gen AI in CV (UA)
The Southern African lithium opportunity
1. AFRICA RESOURCES
INVESTMENT CONGRESS
Africa Lithium Resources
Prof. Gerry Clarke – Minerals expert
IRONMONGERS’ HALL, CITY OF LONDON TUESDAY-WEDNESDAY, 14-15 JUN 2011
www.ObjectiveCapitalConferences.com
4. Mali
First recognised in 1960s a CSA Group (Ireland)
lead study (2007) identified several deposits of
potential commercial interest in southwest Mali:
Li2O Identified Volume
Goualamina* 1.5-2.0 % 750m3
Blakala 2.0-2.3% 700m3
Ngounala 1.2-1.5% 55m3
Sogala 2.0-2.1% 50m3
Kola 1.0-1.3% 18m3
*600m long, 35m wide, 40m deep
5. North Katanga, Congo
Manono: Sn-Ta since 1919
5,000 metres x 400 metres pegmatite
Congo-Etain ceased mining 1995
Indicated Reserves: 535kt Li
Shamika Resources Inc. initiating
exploration 2011
Kitolo: 310kt Li demonstrated reserves
6. Karibib, Namibia
Location: 120km NW of Windhoek: 765 sq kms
Awemde Holdings’ NamLithium operated Rubicon Mine:
Historic small scale: 5-10ktpa 1970s to ˂ 2.5ktpa to close 1998
Petalite (14k), lepidolite (2k), amblygonite (1k) concs (BFM)
Black Fire Minerals Ltd (ASX):
• Nov 2009 entry by purchase from Sunrise Minerals Pty Ltd.
Awaiting title extensions from government to:
• Test extent of known deposits modern methods
• Look for new deposits within the region
Significantly no spodumene on historic record.
7. Bikita, Zimbabwe
Location: 64 kms NE Masvingo, southeast Zimbabwe
Historic: Sn from 1911 but lithium minerals from 1950s.
• Lepidolite in 1950s (Bikita pit). Hand sorting (inefficient)
• Petalite from 1970s (Al Hayat pit). DMS pet fines recovery
• Spodumene from 1994. Flotation product (10ktpa)
• Reserves 1981: 10.8m tonnes @1.4% Li2O (151kt Li)
• Production: Low 883 te 1975; High 48,946 te 1967.
• World class lithium pegmatite resource once the largest
producer of petalite and lepidolite.
• Owned by BP Selection Trust in 1980s. Later, Anglo American
Corporation Zimbabwe Ltd (Amzim Minerals Ltd), and later
still Africa Resources Ltd (?) as holding companies
8. Bikita, Zimbabwe
Recent: Operations -- 50ktpa mineral concs capacity
Mainly petalite plus minor spodumene for tech apps
USGS (2010e): 470 tonnes Li (˜25,000 te concs?) production
Destined mainly for China plus minor amounts Europe
Ownership: Indigenised but contested by rival Zanu PF
faction in 2010 claiming majority shareholder, Zanu PF
Politburo Member Mr Dzikamai Mavhaire, should have
his share cut to 11%. Earlier in 2010 Bikita Minerals mine
management “under threat” from rival faction youths
subsequently jailed for eight months.
Status: Unclear. Significant foreign currency earnings.
Potential to participate in Li growth markets doubtful.
