- Li3 Resources, 50 per cent owned by Li3 Lithium (LILI), has earned a 50 per cent interest in the Mutare Lithium Project in Zimbabwe
- Exploration drilling on the Mutare Lithium Project is scheduled to commence in the 1st quarter of 2023
- The Mutare Lithium Project consists of 1,500 hectares of licences retained within the Mutare Greenstone Belt
- Li3 Lithium Corp is a lithium-focused exploration and project development company that recently acquired a 50 per cent interest in Li3 Resources Inc.
- Li3 Lithium Corp. (LILI) opened trading at C$0.10
Li3 Resources, 50 per cent owned by Li3 Lithium (LILI), earned a 50 per cent interest in the Mutare Lithium Project.
Li3 Resources had until December 31, 2022, to complete the spend to acquire the 50 per cent interest in the Mutare Lithium Project in Zimbabwe. The exploration program completed included surface rock-soil sampling and a geochemical survey to assist in identifying priority areas for a 5,000-metre exploration drilling program.
Exploration drilling on the Mutare Lithium Project is scheduled to commence in the 1st quarter of 2023 toward completing an initial mineral resource estimate as defined in National Instrument 43-101 Respecting Standards of Disclosure for Mineral Projects (NI 43-101).
The Mutare Lithium Project consists of 1,500 hectares of licences retained within the Mutare Greenstone Belt. The area was deemed prospective for lithium-cesium-tantalum pegmatites based on prior target generation work.
Zimbabwe, which is estimated to hold Africa’s largest lithium resources and the fifth largest globally, is rapidly emerging as an important player within the lithium supply chain.
Li3 Lithium Corp is a lithium-focused exploration and project development company that recently acquired a 50 per cent interest in Li3 Resources Inc. Li3’s goal is to acquire an attractive portfolio of highly prospective lithium exploration projects.
Li3 Lithium Corp. (LILI) opened trading at C$0.10.