Our current focus lies within the 15 exploration licenses situated in the Nigerian Lithium Belt, known to host major mineral deposits in Nigeria. These licenses cover 113,400 acres containing lithium, caesium, and tantalum-based pegmatites (LCT Pegmatites) in the undeformed Acid and Basic Dykes. Our near-term exploratory activity will concentrate on the lithium spodumene-based projects at Iwajowa, Kaima, and Gbugbu, each located within the Nigerian Lithium Belt.
Lithium minerals of commercial interest, such as spodumene, montebrasite, amblygonite, and lepidolite, have been mined by small-scale artisanal miners within the geographic boundaries of our exploration licenses for several years. We aim to capitalize on this existing activity by pursuing systematic exploration on our tenements, initially focusing on the Kwara-Oyo project.
As we continue to explore and develop our resources, we remain committed to increasing our cash flow by initiating small-scale mining and expanding our trading activities in cooperation with artisanal miners. Through these efforts, Continental Lithium aims to unlock the vast potential of Nigeria’s lithium resources and contribute to a more sustainable and connected world.