Are Angola's lithium resources in the limelight?
The mineral is essential for the manufacture of batteries, a key element in the energy transition, and has become highly sought after. However, Australian Securities Exchange (ASX)-listed junior Tyranna Resources may put Angola's lithium resources in the limelight.
Is Angola a good place to invest in lithium?
Despite boasting extensive and diverse mineral resources, up to now there has been limited international investment in Angola's lithium in comparison to its neighbours, such as the DR Congo, Namibia, Zimbabwe and Botswana.
How many non-listed companies are launching lithium projects in Angola?
Up to now, only a few non-listed companies have launched lithium projects in the country. Tyranna has confirmed that initial data from Angolan Minerals, from field campaigns in 2019 and 2021, has been encouraging. Further studies may begin soon.
Does Angola need a new electricity system?
Angola’s current energy malaise calls for urgent remedial work. Electrification languishes at just 45%, of which 65% is urban and just 6% rural. An additional installed generation capacity of 9.9GW by 2025, and a 60% electrification rate are targeted.
Could Tyranna Resources put Angola's lithium resources in the limelight?
However, Australian Securities Exchange (ASX)-listed junior Tyranna Resources may put Angola's lithium resources in the limelight. In mid-May the company struck a deal to buy 80% of Australian company Angolan Minerals, which has been quietly exploring the Namibe lithium project in the southwest of the country.
How will Angola's mineral resources impact International Energy Greening?
What’s more, exploitation of Angola’s more exotic mineral resources has consequences for international energy greening. After all, future minerals such as lithium are vital for electric vehicle batteries and stand to contribute notably to GDP as projects unfold.
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After some research, we came to the conclusion that the southern part of Angola, specifically near the town of Namibe, had huge potential. It had a known pegmatite field; it had known lithium minerals; and it had almost no work done. Angola, in general, is like that in terms of minerals: pick a mineral or a commodity, and you will find it here.
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