Which companies are advancing a lithium project in Angola?
Meanwhile, Australian company Tyranna Resources, in partnership with China’s Sinomine, is advancing multiple lithium projects in Angola. Ongoing drilling activities have identified additional reserves at the Namibe and Muvero lithium mines.
Who owns angolitio & Tyranna Resources?
Tyranna Resources is a mining exploration company, which owns Angolitio as a subsidiary. How did you identify the potential that the Namibe province has in terms of lithium resources? Peter SPITALNY: In the last years of the 2010s, the market’s general attention was on the more traditional metal commodities, such as gold, copper and nickel.
Who owns the Namibe Lithium Project?
Tyranna Resources, an Australian-based mineral exploration company, will acquire an 80% interest in the Namibe Lithium Project. The Acquisition is expected to be finalized by July , positioning the company as the majority owner of the project.
What is Angola doing to unlock its mining potential?
Angola has identified 34 of the 54 critical minerals recognized by the European Union and is intensifying exploration, production, and downstream projects to unlock its mining potential. The government is actively promoting investment across the critical mineral value chain to drive economic diversification and boost revenue from the sector.
Did Angola have a potential?
After some research, we came to the conclusion that the southern part of Angola, specifically near the town of Namibe, had huge potential. It had a known pegmatite field; it had known lithium minerals; and it had almost no work done. Angola, in general, is like that in terms of minerals: pick a mineral or a commodity, and you will find it here.
Which mining projects are progressing in Angola?
Several mining projects are progressing across Angola. In January , UK-based Pensana secured funding from South Africa’s Absa Bank to accelerate the development of the Longonjo Rare Earth Project.
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