AFRICA RESOURCESINVESTMENT CONGRESS

IRONMONGERS’ HALL, CITY OF LONDON ● TUESDAY-WEDNESDAY, 14-15 JUN 2011

www.ObjectiveCapitalConferences.com

Africa Lithium Resources Prof. Gerry Clarke – Minerals expert

AFRICA LITHIUM RESOURCES

Gerry ClarkeJune 2011

MaliFirst recognised in 1960s a CSA Group (Ireland) lead study (2007) identified several deposits of potential commercial interest in southwest Mali:

Li2O Identified Volume

Goualamina* 1.5-2.0 % 750m3

Blakala 2.0-2.3% 700m3

Ngounala 1.2-1.5% 55m3

Sogala 2.0-2.1% 50m3

Kola 1.0-1.3% 18m3

*600m long, 35m wide, 40m deep

North Katanga, CongoManono: Sn-Ta since 1919

5,000 metres x 400 metres pegmatiteCongo-Etain ceased mining 1995

Indicated Reserves: 535kt Li Shamika Resources Inc. initiating

exploration 2011Kitolo: 310kt Li demonstrated reserves

Karibib, Namibia

Location: 120km NW of Windhoek: 765 sq kms Awemde Holdings’ NamLithium operated Rubicon Mine: Historic small scale: 5-10ktpa 1970s to ˂2.5ktpa to close 1998Petalite (14k), lepidolite (2k), amblygonite (1k) concs (BFM)

Black Fire Minerals Ltd (ASX): • Nov 2009 entry by purchase from Sunrise Minerals Pty Ltd. Awaiting

title extensions from government to:• Test extent of known deposits modern methods • Look for new deposits within the region Significantly no spodumene on historic record.

Bikita, Zimbabwe

Location: 64 kms NE Masvingo, southeast ZimbabweHistoric: Sn from 1911 but lithium minerals from 1950s.• Lepidolite in 1950s (Bikita pit). Hand sorting (inefficient)• Petalite from 1970s (Al Hayat pit). DMS pet fines recovery• Spodumene from 1994. Flotation product (10ktpa)• Reserves 1981: 10.8m tonnes @1.4% Li2O (151kt Li)• Production: Low 883 te 1975; High 48,946 te 1967.• World class lithium pegmatite resource once the largest producer

of petalite and lepidolite. • Owned by BP Selection Trust in 1980s. Later, Anglo American

Corporation Zimbabwe Ltd (Amzim Minerals Ltd), and later still Africa Resources Ltd (?) as holding companies

Bikita, Zimbabwe

Recent: Operations -- 50ktpa mineral concs capacity Mainly petalite plus minor spodumene for tech appsUSGS (2010e): 470 tonnes Li (˜25,000 te concs?) production

Destined mainly for China plus minor amounts EuropeOwnership: Indigenised but contested by rival Zanu PF faction

in 2010 claiming majority shareholder, Zanu PF Politburo Member Mr Dzikamai Mavhaire, should have his share cut to 11%. Earlier in 2010 Bikita Minerals mine management “under threat” from rival faction youths subsequently jailed for eight months.

Status: Unclear. Significant foreign currency earnings. Potential to participate in Li growth markets doubtful.