For thousands of other reports visit RSC's Mineral Intellingence Map
Force Commodities Ltd.
Summary
| Project: | Kitotolo-Katamba | |
|---|---|---|
| Deposit: | Kitotolo-Katamba | |
| Location: | Democratic Republic Of The Congo | |
| Commodities: | Lithium | |
| Date: | 8/23/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 23-8-2019: Force Commodities Ltd. announces an Exploration/Drilling Update report for its Kitotolo-Katamba deposit at the Kitotolo-Katamba project. Assay results from Phase 1 drilling programme. Force Commodities Ltd (Force or the Company) (ASX Code: 4CE) | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Jess Oram (Internal) | |
| ABSTRACT: | Force Commodities Ltd (Force or the Company) (ASX Code: 4CE) is pleased to provide an update on its lithium joint venture activities in Tanganyika Province in the south east of the Democratic Republic of Congo (DRC). By way of background, during 2017 Force secured an interest in two lithium projects, the KitotoloKatamba Lithium Project and the Kanuka Lithium Production Project and undertook significant exploration at each during 2017 and 2018 involving mapping, rock-chip sampling, trenching, auger drilling and reverse circulation (RC) drilling. Limited exploration has been conducted at each of the Kitotolo-Katamba and Kanuka Lithium Production Projects during calendar year 2019, due to the significant deterioration in the demand for spodumene concentrate and a fall in lithium prices, and as a result of the Company’s focus shifting to advancing its exploration and development activities at the high-grade lead and silver Tshimpala Project in Malawi. The initial assay results from the Phase 1 RC drilling program at Kitotlo-Katamba have now been received and have confirmed the presence of shallow, low grade lithium mineralisation and further demonstrated the need to complete further deeper drilling. However for the immediate future, the Company is proposing to maintain its focus on advancing the Tshimpala Project towards production and will hold back on further exploration expenditure at its lithium projects in the DRC until a marked improvement in the lithium sector has occurred or until the Company is able to attract additional parties to assist in funding progress at the Kitotolo-Katamba and Kanuka Lithium Projects. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report