Mozambique Modern Lithium Battery Group

What is lithium consolidated (Li3) doing in northern Mozambique?

Further to the announcement dated 25th March 2019 Lithium Consolidated Ltd (“Lithium Consolidated”, “Li3” or the “Company”) is pleased to announce it has been granted three (3) new lithium exploration licenses in the Alto Ligonha Pegmatite Province in northern Mozambique (the “Mozambique Licenses” or “Licenses” (see Figure 1, below).

How will battery technology impact mining in Mozambique?

Mining in Mozambique is set to benefit from b attery technology In addition to raw mineral extraction, the sector is able to open up opportunities to suppliers across the value chain, in providing mining and refinery equipment, maintenance services and machinery and automation equipment.

What minerals are found in Mozambique?

In addition to sizable gas reserves found offshore, Mozambique is home to commercially significant deposits of coal, gold, graphite, ilmenite, iron ore, titanium, copper, tantalum, and bauxite, to name a few. Mining is Mozambique is set to benefit from battery technology, that uses a number of these minerals.

Does Mozambique have graphite?

Mozambique – as well as Tanzania and Madagascar – holds substantial quantities of graphite, which is used in the production of lithium-ion batteries.

What will dgmoz do in Mozambique?

DGMOZ will establish a 100-tons-per-day lithium processing facility in Mozambique, leveraging a $10 million capital injection to be made by Deccan over the next three years. Capacity at the refinery will be increased to 1,000 tons per day based on exploration results.

Is Mozambique mining a good investment?

The mining sector in Mozambique has seen several recent large-scale investments – predominantly from Australian mining firms – that speak to the sizable returns that the industry has to offer.