MetalsGrove acquires Zim lithium assets
Australia-listed critical metals exploration company MetalsGrove will acquire six contiguous and highly prospective lithium/tin/tantalum claims in Zimbabwe.
The claims, which MetalsGrove will acquire for $60 000, are close to the Arcadia mine, which Zhejiang Huayou Cobalt bought last year.
MetalsGrove MD Sean Sivasamy said the lithium assets provided the company with prime exposure to a proven lithium-producing district in Zimbabwe.
“The upfront acquisition terms are modest, allowing the company to set about rapidly advancing these projects through a targeted exploration campaign early next year,” he said.
The Arcturas lithium project is situated 35 km northeast of Harare and the Beatrice project is about 55 km south of the capital.
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