The mineral is essential for the manufacture of batteries, a key element in the energy transition, and has become highly sought after. However, Australian Securities Exchange (ASX)-listed junior Tyranna Resources may put Angola's lithium resources in the limelight.
However, Australian Securities Exchange (ASX)-listed junior Tyranna Resources may put Angola's lithium resources in the limelight. In mid-May the company struck a deal to buy 80% of Australian company Angolan Minerals, which has been quietly exploring the Namibe lithium project in the southwest of the country.
Up to now, only a few non-listed companies have launched lithium projects in the country. Tyranna has confirmed that initial data from Angolan Minerals, from field campaigns in 2019 and 2021, has been encouraging. Further studies may begin soon.
Despite boasting extensive and diverse mineral resources, up to now there has been limited international investment in Angola's lithium in comparison to its neighbours, such as the DR Congo, Namibia, Zimbabwe and Botswana.
In recent years, the main energy transition metals that have been of interest to Angola's investors have been cobalt, nickel and copper. However, a listed junior is now targetting lithium, an essential metal for battery manufacturing, which is highly sought after on the African continent.
In mid-May the company struck a deal to buy 80% of Australian company Angolan Minerals, which has been quietly exploring the Namibe lithium project in the southwest of the country. If all approvals are obtained, both from Tyranna's shareholders and the authorities, the junior believes the deal will be completed by the end of July.
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La société a conclu un accord mi-mai afin de racheter 80 % de l''entreprise australienne Angolan Minerals, qui explorait discrètement le projet de lithium de Namibe, dans le sud-ouest du pays. Si toutes les autorisations sont obtenues, tant de la part des actionnaires de Tyranna que des autorités, la junior estime que la transaction sera ...
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However, a listed junior is now targetting lithium, an essential metal for battery manufacturing, which is highly sought after on the African continent. 18/12/2024 06:00 Reading time 2 minutes. Despite boasting extensive and diverse mineral resources, up to now there has been limited international investment in Angola''s lithium in comparison to its neighbours, such …
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