The Monte Muambe project is located in the Tete Province. This
province hosts several operating coal mines, a major iron mining and
steel manufacturing project, and many exploration projects for a wide
range of commodities. The project area is easily accessible, 30km off a
major tarred road linking Mozambique to Malawi and with access to a
railway to the port of Nacala.
The Tete Province has ample power
supply with the presence of the 2GW Cahora Bassa hydroelectric power
plant and an advanced stage 300MW coal-fired power station project.
Mozambique
is a stable country with a well-developed exploration and mining
industry, trained workforce, and available drilling and exploration
contractors. Security in Tete Province and in the project area is
excellent.
The Monte Muambe rare earths projects boasts a JORC Mineral Resource
Estimate of 13.6 million tons at 2.42% TREO. Following the successful
conclusion of scoping study in October 2023, the project is now at the
Prefeasibility Study stage.
The project has received the support
of the United States government in the form of a $1.875 million grant
from USTDA, which is being used to fund on-going advanced metallurgy and
process engineering studies.
High-grade gallium occurrences were initially discovered in April 2025. The company has identified the host geological formation as fluorite-bearing fenites located along the periphery of the carbonatite intrusion.
SEE PROJECT DETAILSFluorspar, also known as Fluorite, occurs along the periphery of the Monte Muambe carbonatite intrusion. The Company has published a JORC mineral estimate of 3.48 million tons at 20.6% CaF2 as well as an exploration target of up to 3.2 million tons of contained CaF2. The Company is moving towards a final investment decision for a 50,000 tons per year acid grade fluorspar operation by the end of 2026, with potential mine construction in 2027.
SEE PROJECT DETAILS