May 17, 2020

Stratex International Uncovers Significant Gold Mineralisation at Tanzania Project

Stratex International
African mining
Mineral Exploration
Mineral Exploration
2 min
Open pits at part of the Tembo Gold Project
London-based Stratex International has confirmed positive drilling results at part of its Tembo Gold Project in the north-west of Tanzania.The 100 squar...

London-based Stratex International has confirmed positive drilling results at part of its Tembo Gold Project in the north-west of Tanzania.

The 100 square kilometre site lies within the highly prospective Lake Victoria Goldfield, and is being explored and developed by the Tembo Gold Corporation, of which Stratex owns 12.89 percent and Chief Executive Officer Dr Bob Foster is a director.

Thirteen diamond drill holes totalling 3,179 metres have been completed in the 2014 programme with promising gold mineralisation found across the Nyakagwe East target of the Tembo area.

Foster said: "These latest drill results from the Nyakagwe East area are very encouraging and in many ways typify the drilling returns that have been reported during this programme and earlier programmes whereby it is relatively rare that a drillhole does not intersect one or more zones exhibiting moderate to high gold grades.

“Although the structural and lithological parameters controlling the distribution of the mineralisation are quite complex, the results continue to support our shared contention that the Tembo tenement package has considerable potential for the discovery of one or more significant gold deposits."

Focused on the exploration and development of gold and high-value base-metal deposits, AIM-quoted Stratex International is active in Turkey, East and West Africa and, in the eight years since listing, has discovered more than 2.2 million ounces of gold and 7.9 million ounces of silver.

For a breakdown of the drilling results please visit Stratex International.

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Jul 20, 2021

British Lithium Pressured Due To Calls for Electric Cars

3 min
The ever-increasing need for electric vehicles is mounting pressure on British Lithium as the 2035 deadline inches closer

The British demand for lithium is set to reach 75,000 tonnes by 2035 as the government works towards their ban on the sale of high-polluting diesel and petrol vehicles within the UK. This comes as automakers worldwide continue to insist on the benefits electric vehicles will have on slowing the rate of climate change. 

It is estimated that the UK will require 50,000-60,000 MT of lithium carbonate a year by 2035 for battery production to satisfy government needs. This is assuming production remains at 1.2 million vehicles per year, and the amount of lithium required does not increase.

British Lithium, which hopes to begin constructing a quarry to produce 20,000 MT of lithium carbonate a year in a $400 million investment, are not without competitors, both within the UK and abroad. 

Competition For Lithium Rises In Europe 

After only five years after its initial launch, Cornish Lithium is setting its sights on becoming a UK powerhouse in mining lithium, aiming to begin commercial production in under four years. Jeremy Wrathall, a former investment banker and current managing director of Cornish Lithium, had the future in mind when founding the company. 

“In 2016, I started to think about the electric vehicle revolution and what that would mean for metal demand, and I started to think about lithium,” he said in an interview with AFP. “A friend of mine mentioned lithium being identified in Cornwall, and I just wondered if that was a sort of unrecognised thing in the UK.”

Lithium was first discovered in Cornwall around 1864 and has not been mined again since 1914 when it was produced as an ingredient in fireworks. Now, however, Cornish Lithium is reportedly in the testing stage to see if the metal can be produced commercially to meet the growing demand required for the electric car sector. 

Despite Cornwall’s close historic ties to mining lithium, Wrathall insists that the project is purely commercial. 

Cornish Mining Revival For Lithium Production

“It’s not a mission that drives me to the point of being emotional or romantic,” he says. “It’s vitally important that we do get this technology otherwise Europe has got no lithium supply.”

The European Commission has also stated their goal to end the sale of new petrol and diesel cars by 2035 to aid the environment. That being said, the majority of lithium extraction currently relies on power provided by environmentally damaging fossil fuels─a slight contradiction. 

Alex Keynes, from the Brussels-based lobby group Transport & Environment, is adamant that mining for lithium should be done sustainably. 

“Our view is that medium-to-long term, the majority of materials including lithium should come from efficient and clean recycling.

“Europe from a strategic point of view should be looking at securing its own supply of lithium.”

Despite growing competition from abroad, British Lithium Chairman, Roderick Smith, continues to place importance on the mining of lithium within the UK. 

“Imagine what the UK economy would look like if we lost our automotive industry,” Smith says. “The stakes are high for the UK.”

Smith expects the UK to compete with other European countries to secure a lithium battery plant in the near future.

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