African Energy Metals Inc NDENF

African Energy Metals & AVZ Minerals - Monono Property

[Partwaythere]

https://www.mining.com/web/giant-lithium-deposit-in-drc-sparks-boardroom-battle/?utm_source=Daily_Digest&utm_medium=email&utm_campaign=MNG-DIGESTS&utm_content=giant-lithium-deposit-in-drc-sparks-boardroom-battle


How are we at 2-cents when the DRC Manono region has such potentail to be the worlds largest resouce for battery metals?

Manono Facts

Some key facts relating to this project:

• 440 Kms Northeast of Lubumbashi accessible by air and road
•  New area play expected to exceed Kolwezi in terms of size and importance to the DRC mining sector
•  Historical tin and tantalum mining now to be surpassed by lithium and rare earths
•  Infrastructure being built with a new road connecting Lubumbashi expected to be completed in the next year and a  new railroad being completed in the next two years to connect with ports
•  Chinese are buying up land which is not for mining but for plants, infrastructure, and commercial use
•  Largest concession holder is Cominiere which is a parastatal company but is involved in a major title dispute
•  Attention is centered around the AVZ Minerals world class lithium deposit which is also involved in a title dispute
•  African Energy Metals is a large concession holder at 30 Kms² and with clean title and intends to acquire interests in additional Manono concessions

PE 8251 Concession Highlights

• Letter Agreement Option signed to enter a 50/50 JV with no set spending requirements and exclusivity fee paid
• 30 Km² property located 35 kms east of world class AVZ Minerals 400mt lithium deposit average grade 1.7 % and highly  prospective for lithium, tin, and tantalum
• Mineralization runs in NE/SW parallel zones
• Historical tin production and project has an estimated 25,500 MT  of tin at a grade of 5% in just a small area that can be expanded
• Tin has been trading in the US$32,000/t range
• Project was intelligently acquired by a metallurgist working with a geologist who worked on the AVZ Minerals development for 5 years  and very familiar with the style of lithium mineralization
• Spodumene hosted in pegmatite observed on the concession
• Project already converted from an exploration to an exploitation permit with a long life and can immediately produce on a small-scale mechanized basis to generate cashflow