Lifezone completes technical report summary for 40.4Mt Kabanga nickel project
Critical minerals and green beneficiation company Lifezone Holdings has completed an S-K 1300 technical report summary (TRS) estimating mineral resources of 40.4-million tonnes for its exploration-stage Kabanga nickel project in north-west Tanzania.
Lifezone believes the Kabanga project, acquired by the company in 2021, comprises large and high-grade nickel sulphide deposits, with the TRS pointing to contained metal of 2.92-billion pounds of nickel equivalent grading 3.28%, 2.32-billion pounds of nickel grading 2.61%, 311-million pounds of copper grading 0.35% and 171-million pounds of cobalt grading 0.19%.
The 2022 nickel equivalent cut-off grade is 0.58% and is based on metal price assumptions of $9.50/lb for nickel, $4/pound for copper and $26/lb for cobalt.
Mineral resources are reported showing only the Lifezone-attributable tonnage portion, which is 69.7% of the total.
Lifezone recently entered into a business combination agreement with GoGreen Investments Corporation, which was in addition to a $90-million investment by BHP Billiton DDS, directly in Kabanga nickel.
Lifezone CEO Chris Showalter says the publication of the TRS for the Kabanga project is an important step forward in the development of the project. “Drilling and test work on the Kabanga project continue as we increase our understanding of what we believe is one of the world’s most important new sources of sulfide nickel supply for global battery metals markets.”
He adds that Lifezone’s proprietary hydrometallurgical processing technology is key to unlocking the value of the Kabanga project, which Lifezone believes has the potential to significantly reduce carbon emissions in battery metals refining compared to traditional smelting and refining. This, says Showalter, ultimately contributes to the production of cleaner battery metals.
Development at the Kabanga project is under way and is supported by $100-million worth of investments.
GoGreen CEO John Dowd says the data in the TRS indicates the project is one of the largest and highest-grade undeveloped nickel sulphide projects in the world. “We look forward to continued collaboration with BHP to bring this resource into production.”
The Kabanga project is located within the East African nickel belt which extends 1 500 km along a north-east trend that extends from Zambia in the southwest, though the Democratic Republic of Congo, Burundi, Rwanda, Tanzania and Uganda in the northeast, and straddles the western boundary of the Tanzania Craton to the east and the eastern boundary of the Congo Kasai Craton to the West.
Comments
The
functionality
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation