Cluff Africa Ltd signed a non-binding agreement with Zimbabwe’s sovereign wealth fund to develop a lithium mine in the southern African country.
Cluff will be assigned a 45 percent share of licenses at Sandawana, founder Algy Cluff said in an emailed statement, without disclosing financial terms.
“We can now begin to develop what we believe to be world class, high grade lithium resources,” Cluff said.
The company will start the drilling programme as soon as possible as it has signed a final agreement with the wealth fund, it said, without giving a timeframe. – Bloomberg