Rwanda
A Lithium-Tantalum-Tin-Tungsten Destination: The 3T's
Rwanda
WHY RWANDA?
One of world’s largest producers of Tantalum, Tin & Tungsten (the 3T’s).
New mining code implementing a regulatory framework to attract foreign investment.
Government drive to mechanize and modernize the mining sector.
No foreign exchange controls – currency freely convertible.
All mineral exports traceable through the tagging system currently accepted by the downstream buyers of the minerals.
International metal/concentrate buyers located in-country.
Global Tantalum market forecast to rise from 9 million pounds in 2020 to 10.1 million pounds by 2027.
LME cash prices for tin passed $32,000/t in May 2021 – a 10 year high.
Rwanda
MUSASA MINE –KUAKA JV
Controlling 85% shareholding in Joint Venture with Kuaka Cooperative.
Located in western Rwanda, near Lake Kivu with some +200 small artisanal workings, several extending to depths of +80 m.
Pegmatite-hosted tantalite with subordinate tin-bearing quartz veins.
5 target zones identified. Initial trial mining underway on the “Rich Back” target zone.
4 additional zones untested; including the “Kassava” target (450 m x 30 m on surface).
Capex already committed with 25 tph gravity separation wash plant installed and mining equipment operational.
Rwanda
HCK JV
Controlling 70% shareholding in Joint Venture with Rwandan partner.
2,750 hectares of highly prospective ground for rare metal pegmatites and magmatic-hydrothermal Sn-W vein mineralisation in southern Rwanda.
2 identified targets on the project.
Target HCK-1 target ready for evaluation.
HCK-1 : 650 m strike and c.30 m wide, sub-vertically dipping pegmatite zone along prominent ridgeline.
Exploration for additional discoveries in relatively under-explored part of the country.
Good local infrastructure with abundant fresh water for new mineral wash plant.
Rwanda
Dynasty JV
50% shareholding in Joint Venture with a Rwandan company.
Immediately adjacent to the HCK JV block.
4 key zones of tantalum-bearing pegmatite identified to date.
Potential for multiple mineralised systems of rare metal-hosting pegmatite.
Multiple additional targets/anomalies identified for follow-up.
Exploration underway for additional new discoveries.
