Tawana buys Namibia lithium project
PERTH (miningweekly.com) – Dual listed Tawana Resources has moved to acquire a second lithium project, with the company entering into an agreement to acquire the mining rights to the Uis pegmatite tailing stockpile in Namibia.
The Uis project consists of some 20-million tonnes of stockpile derived from one of the largest pegmatite tin mines in the world.
Tawana on Friday told shareholders that the company had agreed to purchase all the shares in Lithium Africa No 1 for five-million shares and A$100 000 in cash. A deferred consideration of a further five-million shares would also be payable on the completion of drilling, analysis and metallurgical test work by the end of June next year, and a further five-million shares on a decision to mine before the end of December 2018.
“The Uis project represents a unique and exciting opportunity to assess one of the world’s largest stockpiles of crushed pegmatites containing lithium minerals,” said Tawana CEP Mark Calderwood.
“The low-cost first drilling programme and metallurgy test work should give an excellent understanding of the potential of the project to produce a lithium concentrate in a short period of time.”
ASX- and JSE-listed Tawana in July this year acquired Mount Belches, in Western Australia, which held one tenement application and rights to acquire three exploration licences, as well as one exploration application in the Goldfields region. The five tenements are located in two project areas: Cowan, 55 km south-east of Kambalda and Yallari, 25 km south-east of Coolgardie.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
ENVASS is a customer and solutions-driven environmental consultancy with established divisions, serviced by highly qualified and experienced...
VISIT SHOWROOM
Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
