Lithium Consolidated Mineral Exploration Ltd. secured seven new lithium exploration assets in a historical tantalite mining district called the Mutare greenstone belt, located in eastern Zimbabwe.
Covering an area of 23.4 square kilometers, the assets — namely Tals 5, Nels Luck, Bepe, Magoda and Magoda North, Day Dawn, Chisuma and Grey Lady — comprise 48 prospective licenses, 29 of which have been granted.
The company said July 30 that the assets have early development and production potential through the small-scale redevelopment of the abandoned historical mines.
The assets cover pegmatite outcrops and artisanal mine workings for beryl and tantalite and the possible concealed extensions of exposed pegmatites. Broader lithium plays can also be explored to delineate further potential lithium-bearing pegmatites.
Given their proximity to each other, they can be developed either as individual mines or as satellite mining operations.
The assets are located 300 kilometers from the port of Beira in Mozambique and approximately 60 kilometers from the Mutare railhead on the Zimbabwe-Mozambique border, which is connected to the Beira port by the operating Mutare-Beira railway line.