Force Commodities surfaces lithium a stone’s throw from AVZ
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Force Commodities is the latest Australian miner to surface lithium in the Democratic Republic of the Congo as it announced a “best result” of 2.13 per cent lithium oxide from an initial drilling program.
Survey results from the Kanuka Lithium Production Project, located in the south east of the DRC, found that 50 of 51 samples returned lithium.
Force Commodities (ASX:4CE) says the results are consistent with expectations for weathered material and “indicative of a mineralised LCT (lithium-caesium-
The Kanuka project is a joint venture between Force and established Congolese tin and tantalum mining company Mining Mineral Resources (MMR).
It lies immediately south of AVZ Minerals’ (ASX:AVZ) Manono lithium project; Force moved next door in December last year, sending their shares rocketing 90 per cent.
Reaction from shareholders was more tepid on the lithium mineralisation news this morning. The shares ticked up 2.5 per cent to 4.1 cents.
Force’s head of exploration James Sullivan said it bode well for the potential expansion.
“The results have further demonstrated broad shallow lithium mineralisation and we may well extend our drilling coverage to maximise the deeper drilling program based on the shallow and high-grade auger results now received,” he said.