Ann: High Grade Results at Shamva Lithium Project, page-21

We know we have a potential lithium Deposit but the VANADIUM is the main game here

“Chuatsa Titanium/Vanadium exploration produced results up to 7.8% TiO2, 0.38% Cu and 0.8% V2O5 from trenching and borehole sampling*. Intersections of mineralisation are indicated to extend to over 90m in trenches and up to 69m in drill holes, though true thicknesses, continuity and tenor of the mineralisation across the deposit are not known at this time.”


“All exploration at Chuatsa ceased in 1964 and Anglo America Prospecting (Rhodesia) Ltd concluded that potential resources at the prospect would be uneconomical at that time, but that:

“...the deposit as it stands would have aroused considerable exploration interest if it had been located in the proximity to a large primary manufacturing complex instead of in an undeveloped area with no electricity supply and 90 km from the railhead at Bindura”.

Today, the prospect lies approximately 20km north of the town of Mount Darwin, a significant regional centre serviced by sealed roads, grid power and containing an airport, public hospital and banks.”


“The Chuatsa Vanadium mineralisation is interpreted to be geologically similar to layered gabbro-hosted Vanadium-Titanium deposits such as the Gabanintha V-Ti-Fe Deposit (Australian Vanadium, ASX:AVL, Market Cap $67m) and the Speerwah V-Ti Project (King River Copper Ltd, ASX: KRC, Market Cap $100m).”


“The Shamva Lithium Project consists of 10 granted

prospecting licenses and is located 65km north east of Harare in Zimbabwe. The area is serviced by sealed roads and grid power.”