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.

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 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.

Who owns the Namibe Lithium Project?

Tyranna Resources, an Australian-based mineral exploration company, will acquire an 80% interest in the Namibe Lithium Project. The Acquisition is expected to be finalized by July 2022, positioning the company as the majority owner of the project.

Which energy transition metals should Angola invest in?

In recent years, the main energy transition metals that have been of interest to Angola's investors have been cobalt, nickel and copper. However, a listed junior is now targetting lithium, an essential metal for battery manufacturing, which is highly sought after on the African continent.

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.