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Nigeria discovers high grade lithium, says NGSA

Lithium

The Nigerian Geological Survey Agency (NGSA), said critical high grade lithium had been discovered and investors were currently eager to pay a humongous amount for.

The Director-General, NGSA, Abdulrazaq Garba, disclosed this while briefing journalists on mineral exploration activities on Monday in Abuja.

Garba said investors were currently eager to pay a humongous amount for this high grade lithium, a mineral valuable for the production of glass, aluminium products, batteries that recharge mobile phones, laptops, digital cameras and electric vehicles.

“Nigeria lithium is hot cake now, the mineral was discovered in Kwara by the National Integrated Mineral Exploration Project (NIMEP), during exploration, and we did investigation and came up with analysis and discovered that Nigeria lithium is of high grade.

“High grade in the sense that the standard worldwide for even exploration and mining starts from 0.4% lithium oxide but when we started exploration and mining, we saw 1% up to 13% lithium oxide content.

“Another advantage of the hard rock lithium found is that is what investors are looking out for worldwide. We even held discussions with some private companies with mining licences in Nigeria, and they conducted tests on lithium and we also collaborated with Canada on that too,” he said.

He said all data received from NIMEP were quite exciting and would boost the economy.

Lithium is a mineral valuable for the production of glass, aluminium products, batteries that recharge mobile phones, laptops, digital cameras and electric vehicles.

NIMEP is a hallmark project that provides reliable geo-sciences information needed by investors to make the right mining investment decisions in Nigeria.

He said that a track of mineralisation almost two to 10 km was discovered close to Abuja, adding that resource evaluation was conducted on the area and anomalous gold, lead and silver were discovered with Tungsten.

“Gold mineralisation found there has high content of tungsten which is used as an additive exploration of steel,  therefore, any company mining there will be mining gold associated with lead, silver and tungsten.

Garba said many companies, both local and international investors, were willing to pay heavily for the data, and pronouncements would be made soon on companies that had shown interest on those data.

“What we do is that we don’t sell data, we concession the area through the Nigeria Mining Cadastre Office (NMCO), so interested investors can get licence and data and take it to the next level.

“These are the things we are looking at and working on to ensure that the data we generate are useful to investors.” (NAN)

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