Exploration in Africa Historically Underfunded

Africa has become the ideal jurisdiction for exploration and development driven by it’s compelling geology 

Africa: lithium mining landscape

exploration in africa


Spent on exploration in Africa in 2021 (7% of global)​


Spent ($25M) on grassroot exploration


Projects in Africa with over $1M in exploration budgets (2021)

Exploration focus has
been on pegmatites
(ex-tantalum mines) in Australia and large lithium salars in South America
Globally, there are a limited number of large scale, undeveloped lithium deposits
Greenstone belts across Africa present an attractive jurisdiction for new investment
African Hardrock Li sources offer the potential for low capex, rapid permitting and simple processing when compared to Salars, Brines and Clay resources in the western world

AFRICAN DEVELOPERS attracting asian capital

Africa has seen an exponential increase in Lithium exploration efforts and is set to become a substantial new source of supply. Lithium Africa has an early mover advantage and seeks to play a major role in the shifting global supply chain for this chemical

Recent Chinese investments into African lithium projects:

June 2021

Ganfeng Lithium US $130M investment to form 50/50 JV with FFX on the Goulamina project in Mali

Sept 2021

CATH (CATL JV) project level investment into ManonoDRC US $240M for 24%

Dec 2021

Haoyou International Mining acquisition
of 100% of Arcadia project(Prospect Resources) in Zimbabwe for $422M

Jan 2023

Hainan will acquire 51% in Kodal’s newly incorporated UK subsidiary, Kodal Mining UK for $100 M commitment

Mar 2024

Leo Lithium’s previously announced agreement to sell an additional 5% of MLBV to Ganfeng for $65-million


Bikita in Zimbabwe is the 5th largest producer of lithium in the world

Bikita in Zimbabwe

5th largest producer of lithium in the world

Unexplored Investment

Low Exploration Costs


Established Infrastructure in Key Jurisdictions

Right Geology

Archean and Paleoproterozoic Greenstone Belts and Basins

Limited Alternatives

Large brines are known and have been consolidated, limited opportunities in Australia and North America without high technical risk

Goulamina in Mali is set to become a world class producer when it delivers first Lithium in Q3/2024

5-6% of the Global Tin