Will Arcadia Minerals (ASX:AM7) be the next big lithium explorer from Namibia?

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Will Arcadia Minerals (ASX:AM7) be the next big lithium explorer from Namibia?

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 Will Arcadia Minerals (ASX:AM7) be the next big lithium explorer from Namibia?
Image source: © Fambros Megapixl.com

Summary

  • As per a World Bank’s report, the supply for critical minerals for climate action needs to increase by over 500% by the year 2050 to cope up with the burgeoning demand growth.
  • Arcadia holds significant opportunity for both lithium spodumene and brine in Namibia. Exploration activities at the Swanson Tantalum Lithium project are anticipated to commence soon.
  • Arcadia intends to continue exploration activities at the Swanson Project to define the JORC compliant mineral resource in the short term.

While the global EV manufacturers scourge to secure reliable and stable supply of battery metals, the exploration and development opportunities at Tier-1 mining jurisdictions have picked up to provide alternate supply chains.    

At present, the Lithium triangle, spread across Chile, Argentina, and Bolivia in South America and the Republic of the Congo, are perceived to be the biggest centres for battery grade Lithium and Cobalt, respectively.

While these regions have contributed immensely to the evolution of electric vehicles, now it may be the perfect time to look for new supplies to supplement or even complement the current supply chains that have been facing rampant supply disruptions.

As per the World Bank report on “the Mineral Intensity of the Clean Energy Transition” the production for critical minerals for climate action needs to increase by over 500% by the year 2050 to cope up with the burgeoning automotive demand.

The Next Big Supplier of Battery Metals in the making

Arcadia Minerals (ASX:AM7) is among the newest additions to the ASX-listed exploration and development companies. The Namibia-focused firm has a keen focus on battery metals and advances on:

  • the Swanson Tantalum Lithium project,
  • the Bitterwasser Lithium-in-Brines and Lithium-in-Clays Project,
  • the Kum-Kum Nickel copper project and
  • the Karibib Copper Project in the African jurisdiction. This project also holds significant potential for gold mineralisation.

Also Read: Arcadia Minerals Limited’s (ASX:AM7) Recipe for success on ASX

Source: Arcadia company presentation

Lithium Spodumene and brine opportunities

The Swanson project is located in the regional neighbourhood of over six pegmatite swarms with more than 80 pegmatites. The pegmatite rocks are the most typical hard rock sources of spodumene ores of lithium mineralisation. Additionally, Arcadia’s Bitterwasser Project is one of the premium lithium brine projects across Namibia.

Arcadia is well-positioned to emerge as the next big supplier of battery metals especially Lithium, Nickel and Copper. More importantly, the company already owns premium mineral projects with high prospectivity for nickel and lithium, the two major metals required for battery anodes.

Must Read: Swanson Tantalum project bodes well for Arcadia (ASX:AM7) as 5G market is set to gain traction

Arcadia plans to commence exploration activities at the Swanson Tantalum-Lithium project shortly. The company envisions to underpin its core value proposition of a diversified exploration company via pursuing early cash flow opportunities at its exploration assets when required.

Source: Arcadia company presentation

Arcadia intends to continue exploration activities at the Swanson Project to define the JORC compliant mineral resource in the short term and subsequently, if warranted, advance to undertake the feasibility study. The company also plans to pursue exploration opportunities at the Kum-Kum, Karibib and Bitterwasser Projects. Further on, the company will investigate the exploration opportunities across Namibia from time to time.

Suggested Read: Arcadia Minerals sets its sights on unlocking Namibia’s untapped minerals potential

Arcadia’s operations in Namibia are spearheaded by seasoned management and in-country team. The company also enjoys the support of its cornerstone investor Raubex Group Limited, which is a leading mining services provider.

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