Producing the metal of the future
ABOUT
Zimbabwe Lithium is a development company with an experienced executive mining team, complemented by financial and capital markets experts. The company is focused on finding and acquiring battery metals projects amenable to low-cost processing.
The flagship project is the Kamativi Tailings Lithium Project.
The project is based on the residual historic Kamativi Tin Mines Tailings Storage Facility. Kamativi is easily accessible, close to Victoria Falls International Airport in North West Zimbabwe.
KAMATIVI TAILINGS PROJECT
OVERVIEW
Lithium-bearing surface tailings stockpile with an NI 43-101 Indicated Resource of 26.32 Million tonnes grading 0.58% Li2O generated from 40-year tin mining and gravity processing operations.
Previously mined, crushed and milled – mitigates operating risk and is expected to dramatically reduce operating costs.
Simple metallurgical recovery process.
Brownfield site benefits are expected to significantly reduce capital costs.
Staged development provides for a short timeframe to production/revenue (Estimated Q3 -2019).
Risk mitigation through phased approach to project development and capital spend.
Term Sheet signed with Transamine Trading S.A. a Swiss based off-taker to secure a USD $9.5 Million debt facility to cover capital costs of Phase 1.
Local exploration potential offers project upside – located in an extensive known pegmatite belt with lithium, tin and tantalum mineralization potential.
Bulk test work completed at Mintek in Johannesburg producing a +6% Li2O concentrate.
Experienced team of metallurgical and mining engineers with in-depth knowledge and operating experience in Zimbabwe, as well as experience with large scale African mining projects, including Zimbabwe, West Africa and South Africa.
PROJECT FUNDEMENTALS
Project Fundamentals:
•Well-defined brownfield resource with access power, water and road infrastructure
•Attractive Li2O grade inherent in the tailings
•Inherently low cost due to Simple mining methods and proven processing technology base
•Project lends itself to a capital efficient staged development plan, that provides for early production and revenue generation 9 months after conclusion of financing
KAMATIVI TESTWORK
KAMATIVI DRILLING PROGRAM
Completed
1,865-meter cased auger drilling program completed. MSA Group (Pty) Ltd, monitored the drilling and sampling program on site and completed a NI 43-101 Resource Statement. Giving an Indicated Resource classification of 26.32 Million tonnes at a grade of 0.58% Li2O.
High grade Li2O intercepts include:
Hole KT 99: Length 15.00m @ 1.07% Li2O
Hole KT 98A: Length 21.70m @ 0.94% Li2O
Hole KT 108: Length 14.30m @ 0.91% Li2O
Hole KT 101: Length 24.00m @ 0.89% Li2O
Hole KT 108A: Length 23.46m @ 0.87% Li2O
Hole KT 101A: Length 28.50m @ 0.87% Li2O
Hole KT 107: Length 17.40m @ 0.86% Li2O
Hole KT 99A: Length 31.50m @ 0.86% Li2O
PHASE 1
Completed
NI 43-101 resource estimate: Completed Q3 2018
$9.5 Million off-take funding Term Sheet signed December 2018 for Ph 1 DMS Plant
Phase 1 Estimate production start Q3 2019 (revenue generation):
Phase 1 - install a dense media separation (DMS) plant
Capacity of ~50,000 tpa* of concentrate
Concentrate +6% Li2O (95%* spodumene mineralization)
Access ports Maputo & Durban (~1300km and ~1900km from Dete, respectively) via rail or road for infrastructure and storage, bulk shipping vessel access
BFS to be completed on 400 tph* DMS / Flotation Plant: Q3 2019
MINERALOGY AND HEAVY LIQUID SEPARATION (HLS) TEST WORK
Completed
Ten composite samples, selected by MSA Resource geologists were submitted to Geolabs Global (Pty) ltd for X-Ray Diffraction (“XRD”) analysis
Final assay-validation constrained all lithium (“Li”) to Spodumene; effectively rendering it the only mineral in the assemblage with a notable concentration of Li.
Results from the work completed form part of the NI43-101 Resource Statement.
Results are in line with the previous HLS and magnetic separation Test Work completed, producing a high grade Li2O concentrate of 7.08%
PHASE 2
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Phase 2 investment cost estimated at ~$23M* for a 400 tph* DMS / Flotation Plant, including infrastructure upgrades. Low estimated CAPEX due to brownfield site benefits
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Closing of project financing (Debt & Equity) and begin procurement of 400 tph* DMS / Flotation Plant: Q3 2019
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Procure, construct and commission on site 400 tph* DMS and Flotation plant to process Kamativi Tailings: Q4 2019 – Q4 2020
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Q4 2020 onward: Production of ~160,000 tonnes p.a.* of 6% Li2O* concentrate planned
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Concentrate will be exported via road and rail
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Low cost OPEX estimated due to nature of tailings material
THE TEAM
Who We Are
JOHN MCTAGGART
Managing Director
Agricultural Engineer with 32 yrs mining experience. Owned and operated chrome mines from 1995, was the largest supplier of open cast chrome ore in Zim. Owned Pheobe Gold Mine, and bought and sold Golden Kopje Gold Mine from Trillion Resources. Extensive experience in mining, mine planning and company management.
JAMES ARTHUR
Operations Director
Over 35 yrs mining experience, including Impala Platinum (RSA), BHP Hartley Platinum (Zim), Luanshya Copper Mines (Zambia), African Copper Mines (Botswana), Mwana Africa Pty (RSA, DRC, and Zim). Over the last 6 yrs, engaged in capital raising exercises with Mwana including equity raising in excess of $50M with various investment institutions. Debt with Industrial Development Bank (RSA) $10M facility for Freda Rebecca and involved in raising a $20M Bond in Zim for the Bindura Nickel Smelter restart.
KEVIN MACNEILL
Technical Director
Mineral and Civil Engineering Technologist who worked 25 yrs with Etruscan Group of Companies (Mkt. Cap $700M) and raised over $200M in debt & equity. Head of project development for Etruscan Gold Operations in West Africa. Built several large scale CIL plants with over 2,500 tpd processing capacity. President & CEO of Etruscan Diamonds (3,000,000 tpa alluvial diamond mine in South Africa) until Etruscan was taken over by Endeavour Mining. Expertise includes large scale project development and corporate management.
BRUCE BECKLEY
Finance Director
Practising as an independent Chartered Accountant with a team based in Bulawayo. Expert in accounting, taxation, corporate administration and general advisory services. Experienced in business structuring in Zimbabwe, including inward investment applications and the associated advice as regards to the structure of these.
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