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Corporate Spotlight

Lithium Consolidated Mineral Exploration Pty Ltd (LI3) operates as a lithium minerals exploration company. It holds lithium brine and hard-rock lithium exploration assets in Nevada, as well as in Australia and Botswana. The company was incorporated in 2016 and is based in Brisbane, Australia.
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Lithium Consolidated hard rock lithium focus

HARD ROCK

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Odzi West: New Hard Rock Lithium Project 

ASX Announcement 11 December 2018 


Zimbabwe Hard Rock Lithium


  • 21 new Licenses granted in eastern Zimbabwe 
  • Odzi West lithium project secured through the grant of 11 new Licenses in eastern Zimbabwe 
  • 10 other Licenses granted at the Bepe and Day Dawn projects, which are now covered by granted Licenses 
  • The Company now holds 59 licences which comprise 8 hard rock lithium projects in the Mutare Greenstone Belt in eastern Zimbabwe with 
  • Odzi West lithium project secured, further to our increasing knowledge on the hard rock lithium potential in the Mutare Greenstone 
  • The Mutare Greenstone Belt has at-or-near surface pegmatites with undeveloped lithium potential and which are exposed at surface through outcrops or historical workings (for tantalite or other pegmatitic minerals)


Lithium Consolidated Ltd (“Lithium Consolidated”, “Li3” or the “Company”) is pleased to announce that we have been granted 21 new Prospecting Licenses (the “Licenses”) in eastern Zimbabwe and through this we have secured the Odzi West hard rock lithium project in eastern Zimbabwe, which comprises 11 of the newly granted Licenses in eastern Zimbabwe.


We have also been granted 10 other Licenses at the Bepe and Day Dawn projects to consolidate our position over the previously announced, Bepe and Day Dawn lithium exploration projects (see Figure 2).


The company has a total of 59 Licenses covering an area of 2,543 ha in the Mutare Greenstone Belt in eastern Zimbabwe (see Figures 1 and 2), with 50 granted Licenses covering an area of 1,590 ha and 9 License applications, which are pending grant and which cover an area of 953 ha.


The Odzi West lithium project was secured further to our increasing knowledge of the hard rock lithium potential in the Mutare Greenstone Belt pegmatites, based on our initial exploration activities.


Odzi West Lithium Project 

The Odzi West Project comprises 11 of the newly granted Licenses and is located at the south-western end of the Mutare Greenstone Belt (see Figure 1). There are at least seven clusters of artisanal workings on distinct, separate pegmatites here with historical reports documenting the presence of spodumene in one area of moderately extensive workings, and petalite in another area of workings. Image analysis indicates that the pegmatites could be moderately extensive as several appear to be flat-lying, with near surface sheet-like configurations. The artisanal and historical workings have produced beryl and tantalite in the past and appear to be inactive at present. Overall, there are encouraging indications of prospects worthy of further evaluation for their lithium and tantalum potential, with several of the clusters of artisanal workings within the newly granted licences. 



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QUARTERLY

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SEPTEMBER 2018 QUARTERLY REPORT

ASX Announcement 312 October 2018

  • 7 new Zimbabwe lithium exploration assets 
  • 6 new Mozambique License Applications 
  • Due Diligence continuing at the Bepe and Kondo Mines in Zimbabwe 
  • Botswana and South Australia lithium brine licenses relinquished

Lithium Consolidated Mineral Exploration Limited (ASX: LI3) (“Lithium Consolidated” or the “Company”) is pleased to report on its activities in the September quarter, including on our expansion strategy into hard rock lithium in Africa.

Our portfolio has been substantially restructured by: 

  • Securing 7 new hard rock lithium assets in Zimbabwe; 
  • Applying for 6 new Licenses in Mozambique; and 
  • Relinquishing our lithium brine exploration assets in Botswana and South Australia.

The new assets in Zimbabwe and Mozambique are considered essentially ‘brownfield’ opportunities based on historical mining of the pegmatites for other minerals such as tantalite and beryl, where the lithium pegmatite targets are visible in surface outcrops and near surface historical mine workings.

Our core focus is to establish a dominant position in hard rock lithium in Zimbabwe and Mozambique.

1. African Hard Rock Lithium 

The Company has secured seven (7) lithium exploration assets in the Mutare Greenstone Belt (“MGB”), located close to the border-town of Mutare in eastern Zimbabwe and applied for six (6) lithium exploration licenses in the Alto Ligonha Pegmatite Province of northern-central Mozambique.

We have targeted globally significant pegmatite hosted tantalite districts in Mozambique and Zimbabwe, given both countries are extensively endowed with Lithium-CaesiumTantalum (“LCT”) pegmatites, where the historical mining of these pegmatites was generally focused on tantalite (and columbite) and other pegmatitic minerals such as beryl and mica but not for lithium minerals in any significant quantities.

The history of lithium exploration in Zimbabwe and Mozambique is analogous to that which existed in the Pilbara Craton pegmatites, in Western Australia, approximately 10 years or so ago, based on the Company’s extensive research and investigations.

With the assistance of our technical team and our local partners in Africa, we have developed strong relationships with the relevant Government authorities in Zimbabwe and Mozambique to secure the new lithium exploration licenses.

1.1. Zimbabwe – exploration projects

The Company has secured seven (7) lithium exploration assets in the Mutare Greenstone Belt, by applying for 48 new Prospecting Licenses over an area of 2,340 ha, where 29 have been granted.

The Mutare Greenstone Belt has: 

  • locally extensive LCT pegmatites which were historically mined for beryl, tantalite, cassiterite, and lithium minerals; 
  • flat-lying pegmatites that could be suited to open pit mining, depending on the results of future evaluation; 
  • additional potential for lithium mineralization in surrounding clusters of pegmatites; and 
  • spodumene and lepidolite mineralized pegmatites, as identified in outcrops and in the historical workings.

The Zimbabwe Assets ideally located and proximal to operational infrastructure. The Zimbabwe Assets are 300km from the port of Beira in Mozambique and approximately 60km from the Mutare Railhead on the border between Zimbabwe and Mozambique, which is connected to the port of Beira in Mozambique by the operating Mutare-Beira railway line.

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DUE DILLIGENCE

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Bepe and Kondo Mines Due Diligence Commencement

ASX Announcement 30 August 2018 

Zimbabwe Hard Rock Lithium 

  • Bepe and Kondo Mines acquisition due diligence process has commenced 
  • Potential spodumene mineralisation identified at surface and in underground workings at Bepe Mine

Lithium Consolidated Mineral Exploration Ltd (“Lithium Consolidated” or the “Company”) is pleased to announce that it has commenced a due diligence process at the Bepe and Kondo mines in Zimbabwe (the “Mines”).

Further to the Company’s ASX Announcement on 6 August 2018 of the potential acquisition of the Bepe and Kondo Mines, and subject to satisfactory results from the due diligence process, the Company will acquire a 100% interest in:

  1. The Bepe Mine through the Bepe Special Mining License (Registration No.: M4740BM) (the “Bepe Mine”); and 
  2. The Kondo Mine through three (3) Mining Licenses: Mwami ‘L’ (Registration No.: 40832BM), Jerejoga ‘20’ (Registration No.: 27976BM), Kondo 9 (Registration No.: 25988BM) (the ”Kondo Mine”), (collectively the “Mining Licenses”).

The due diligence process will be undertaken in two (2) phases: 

  • Phase 1: Site visit, including field reconnaissance sampling and mapping; and 
  • Phase 2: Analysis of assay results, and Competent Person’s site visit.

The main objective of the due diligence process will be to verify the presence of lithium mineralisation and, if possible, determine the approximate size of the pegmatites at the Mines.

The due diligence process is expected to be completed in approximately six (6) weeks.

Bepe Mine: Preliminary Findings 

The Company’s preliminary investigations at the Bepe Mine have been very encouraging. The pegmatite at Bepe Mine has a strike length of ~180 m, an apparent width on surface of ~30 m and dips to the southwest at between 40° and 60°. The pegmatite is hosted in an amphibolite which has a well-developed fabric. Three zones have been identified surrounding the massive quartz core: the inner intermediate zone; the outer intermediate zone; and the wall zone.

Potential spodumene is observed at surface, usually weathered, in float and outcropping pegmatites as well as in underground workings.

The Bepe Special Mining Licence, combined with our existing Bepe Prospecting Licences, establishes a controlling position in the Bepe Pegmatite Field (see Figure 2). The presence of a further six (6) lithium assets in the area suggests a strong case for lithium exploration in the Mutare Greenstone Belt.

Recent exploration drilling of LCT pegmatites in the Bepe Pegmatite Field, adjacent to the Company’s licences, has resulted in a best intersection of 50.7 m at 3.4 % Li2O (hole DDT2/2B)1 .

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BEPE & KONDO

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Bepe and Kondo Mines Acquisition 

ASX Announcement 6 August 2018

Zimbabwe Hard Rock Lithium

  • Agreement executed for the Purchase of Shares to acquire a 100% interest in the historical Bepe and Kondo mines 
  • The Bepe Special Mining Licence combined with our existing Bepe Prospecting Licenses establishes a controlling position in the Bepe Pegmatite Field 
  • Recent exploration drilling of these LCT pegmatites in the Bepe Pegmatite Field, adjacent to the Company’s licenses, have resulted in a best intersection of 50.7 m at 3.4% Li2O1 
  • Kondo is a small-scale tantalite mine located approximately 180 km northeast of Harare, in northeast Zimbabwe 
  • The Bepe and the 6 other lithium assets establishes a leading position for lithium exploration in the Mutare Greenstone Belt 
  • The Mining Licenses enable rapid development of small-scale production, while the larger-scale lithium resource potential is tested through systematic exploration 
  • The Zimbabwe lithium assets are all based on historical mines and have multi-commodity production potential, for example for tantalite and beryl production, in addition to the targeted lithium mineralisation potential 
  • The Zimbabwe lithium assets are well serviced by infrastructure. The Bepe Mine and other Mutare assets are approximately 300 km by road and rail direct to the port of Beira in Mozambique
  • Zimbabwe is a very attractive mining jurisdiction with a new leadership that has expressed tremendous support for growing the mining industry.

Lithium Consolidated Mineral Exploration Ltd (“Lithium Consolidated” or the “Company”) is pleased to announce that it has executed an Agreement to acquire a 100% interest in the Bepe and Kondo mines in Zimbabwe (the “Mines”) (the “Agreement”).

The Company will acquire a 100% interest in: 

  1. The Bepe Mine through the Bepe Special Mining License (Registration No.: M4740BM) (the “Bepe Mine”); and 
  2. The Kondo Mine through three (3) Mining Licenses: Mwami ‘L’ (Registration No.: 40832BM), Jerejoga ‘20’ (Registration No.: 27976BM), Kondo 9 (Registration No.: 25988BM) (the ”Kondo Mine”), 

(collectively the “Mining Licenses”).

The Mining Licenses enable rapid development of small-scale production, while the larger-scale lithium resource potential is tested through systematic exploration.

Commenting on the Company's latest development, Shanthar Pathmanathan, Chief Executive Officer of the Company said:

"Enhancing and consolidating the Company's land position along the Mutare Greenstone Belt corridor is an integral step in our strategy to build a strong position in the Zimbabwe and Mozambique lithium provinces.

The advanced nature of these historical mines provides a rapid pathway to development.

The new assets in Zimbabwe and Mozambique will underpin a high level of exploration activity. We believe these assets have real commercial potential. We will mobilize our exploration teams to test and define the full extent of the mineralization which is visible at surface through outcrops and historical mine workings.”

The Zimbabwe lithium assets are all based on historical mines and have multicommodity production potential, for example for tantalite and beryl production, in addition to the targeted lithium mineralization potential.

Zimbabwe is a very attractive mining jurisdiction with a new leadership that has expressed tremendous support for growing the mining industry. Zimbabwe has well established Mining Laws.

1. Bepe Mine 

The Company’s Bepe assets consists of the Bepe Special Mining License (Registration No:. M4740BM) and 15 Prospecting Licenses.

The pegmatite at the Bepe Mine has been exposed over a distance of 250 m through historical mining for tantalite and has the potential to host lithium mineralisation, pending further exploration. The pegmatite is part of the Bepe pegmatite field, which include Bepe I (approximately 6.5 km to the southwest of the Bepe Mine), Bepe II and Lucky Bean claims (approximately 1.5km to the southwest of the Bepe Mine) and a number of other pegmatites, were mined for tantalite, beryl, and other pegmatitic minerals, and have been documented to contain spodumene (the “Bepe Pegmatite Field”).

The Ministry of Mines and Mining Development in Zimbabwe has granted the Company 8 Prospecting Licenses (covering an area of 319 ha), out of total of 15 (covering an area of 609 ha) under application by the Company in the Bepe lithium play.

The Bepe Special Mining License is a 500 m x 500 m Special Mining License covering all the current mining operation. The Bepe Mine combined with the 15 Prospecting Licenses represent a total of 16 license covering an area of 634 ha.

The Bepe Special Mining License combined with our existing Bepe Prospecting Licenses establishes a controlling position in the Bepe Pegmatite Field (see Figure 1), and which combined with the 6 other lithium assets establishes a leading position for lithium exploration in the Mutare Greenstone Belt.

Figure 1

Bepe – Location and Interpreted Pegmatites (a, b) and the Bepe Mine (green) and 15 other Prospecting Licences

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VIDEOS

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