Ticker: EPL
Project name: Melfort
Project location : Goromonzi and Rushinga (Zimbabwe)
Commodity exposure: Lithium and manganese
Company & Project Background: Lithium Project is located in Goromonzi, close to the world-class Prospect lithium mine, approximately 40 km from Harare, the capital city. The tenements, which are close to 150 hectares and contain various pegmatites with a thickness of 3 meters, have been identified and are currently being mapped. Initial outcrop samples have shown anomalous values of lithium, and follow-up work has commenced to increase sample density and prepare for drilling.
Manganese Project is situated 300 km from the capital city and 5 km from the border between Zimbabwe and Mozambique within the migmatitic gneissic terrain. It is a joint venture between Epholi Resources and Russell. Manganese is found as pyrolusite, and average grades are between 34% and 45%. Trial mining has been done, and the product is suitable for steel production and for battery-powered products.