KUVIMBA Resources says investors are queueing up for access to its lithium assets, but the company does not plan to sell its mines.
Instead, it is working on structures to accommodate investors keen to develop its resources.
The company, owned by the Mutapa sovereign wealth fund, estimates it has a lithium ore resource of 38 million tonnes at Sandawana. The resource has sparked investor interest, acting Chief Executive Officer Trevor Barnard says.
“It’s not just China, but from other nationalities as well,” Barnard says, according to Bloomberg. “We are working on a structure that can accommodate a number of possible investors and those investors will be able to take a portion of the resource that is available at Sandawana and develop that.”