MetalsGrove, an Australian-listed exploration firm, intends to acquire six adjacent claims in Zimbabwe that are very promising for lithium, tin, and tantalum.
The claims, which MetalsGrove will buy for $60,000, are close to Arcadia Mine, which Zhejiang Huayou Cobalt acquired last year.
Company managing director Sean Sivasamy said the lithium assets will give them advantageous access to a well-established lithium-producing region in Zimbabwe.
“The upfront acquisition terms are modest, allowing the company to set about rapidly advancing these projects through a targeted exploration campaign early next year,” he said.
Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished
