RE: Saudi Sale Pending ?13 Dec 2024 12:12
“It said the Konso Project, located around 635 kilometers southwest of Addis Ababa near Arba Minch, was previously explored by the Ethiopian Geological Survey and global mining major Vale. (so some work done already)
Vale's work, prior to its withdrawal from Ethiopia in 2012, identified extensive zones of copper, nickel, cobalt, and platinum group metals. (Zones identified)
The project also featured tantalum and lithium-bearing pegmatites that were not a focus during Vale's tenure but were now considered promising targets. (lithium was not even such a thing back when vale where looking “Brazil-based mining giant Vale has received an exploration license for its new Konso, Ethiopia mining project from the Ministry of Mines…Vale plans to explore and extract a number of minerals in Ethiopia, including iron ore and gold.”) The Brazilian mining company established an exploration site on a 900km2 concession in the Konso area, Ethiopia. (The area kefi awarded much smaller obviously kefi have cherry picked what they think is the most promising area.)
Kefi said it planned to concentrate initial exploration efforts on copper and tantalum, capitalizing on their strong long-term market potential. (critical minerals for energy transition)
The company said it would start with mapping, trenching, and geophysics, leveraging existing data from Vale, including 2,500 geological data points, 3,000 kilometres of electromagnetic surveys, and thousands of soil and rock chip samples.” (tons of work done already).
Biggest reason is though kefi geos already have an excellent record of making discoveries as seen in Saudi.
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