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Lithium Consolidated Mineral Exploration (ASX : LI3) established new lands in eastern Zimbabwe, securing seven exploration assets in the Greenwich Lithium Prosperity Belt
. The Zimbabwean subsidiary, Licomex Private Limited, has been granted assets of an area of more than 23 square kilometers by the country's Ministry of Mines and Mineral Development.
In total, the assets include 48 potential licenses that have all been deposited with the To date, 29 licenses have been granted, while the remaining 19 are still in effect.
Lithium Potential
The Utare Greenstone Belt is a 100 km long greenstone belt that contains locally-grown lithium-cesium-tantalum pegmatites that have been mined in the past for the beryl and gems and currently for the mineralization of tantalite and lithium. The belt is also home to several deposits of tungsten and gold.
The new Lithium Consolidated acreage includes the assets Tals 5, Nels Luck, Bepe, Magoda and Magoda North, Day Dawn, Chisuma and Gray Lady.
Exploration work on the area, including the interpretation of satellite images to identify historical work and potential extensions of known pegmatites and unidentified pegmatites, as well as site studies to confirm the presence of pegmatites and any potential mineralization of lithium.
Brian Moller, president of Lithium Consolidated, said the next step would be to look at the development and production potential of assets.
"We look forward to accelerating our regional exploration program to test mineralization in spodumene, petalite and lepidolite outcrops and in the historical workings," he said. [19659004] According to his research and Lithium Consolidated considers that the abandoned historic mines have a potential for redevelopment and early and small-scale production, the flat pegmatites being suitable for open-cast mining.
It is also possible to delineate economic lithium deposits by exploring The company added that assets could be developed independently or that satellite mining operations should be close to each other, depending on the results of exploration and development. delimitation of mineral resources.
It is also interesting to note that the assets are located near the border town of M Utare and about 60 km from Mutare Railhead, which connects to the port of Beira in Mozambique
Lithium portfolio
Lithium Consolidated also owns the lithium brine exploration projects Tonopah and Teels. Nevada, United States.
In addition, it holds an 80% interest in six exploration licenses issued and two exploration license applications. in northeastern Botswana.
In Australia, the company holds a 100% interest in 15 exploration license applications, constituting the Yilgarn project of hard-rock lithium in Western Australia and the Eucla Basin project in South Australia.
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