Frank
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The Significance of the Manono Lithium Project
KoBold's entrance into the Manono lithium project in southeastern DRC represents a strategic coup in the global race for battery metals.
This massive deposit is considered one of the world's largest hard rock lithium resources, with estimated reserves of 669 million tonnes of lithium-bearing ore.
What makes Manono particularly valuable:
Scale: Its sheer size places it among the top three global lithium deposits with Thacker Pass (USA) and Greenbushes (Australia)Quality:
High-grade spodumene with favorable extraction economics
Strategic location: Positioned in Central Africa's mineral-rich copper belt
Development potential: Capacity to produce an estimated 1.2 million tonnes of lithium carbonate equivalent annually at full operation
The project's development timeline projects initial production by 2028, with
KoBold committing a substantial $1 billion investment for infrastructure and mining operations.
Kobold planning to compensate AVZ for the Northern part of Manono
Kobold under the AVZ-Kobold framework to make an offer for the Southern part of Manono
This timeline positions Manono to enter production just as global lithium demand is projected to triple from current levels, driven primarily by electric vehicle battery manufacturing.
"Manono could supply up to 15% of global lithium demand by 2030, making it a cornerstone asset in the clean energy transition," according to mining industry analysts.
Sticking with AU$4.08 on back of -
A. A$2.5b for compensation on the northern side
B. A$9b for southern and hence overall approx. $A11.5b sale of Manono.
This won't relist and effective shareholder distribution of 'return of capital'.
Good luck all on Manono amongt the top 3 lithium projects in the world....
Won't go cheaply given Trump coming in securing Congo...he wants this deal.
I do deals, Trump does deals and it's one big year of USA deal-making...
Trade war deals, Greenland deal, Ukraine deal, DRC deal...yep
DRC in amongst the global Trump deals...won't go cheap
The Avenger
*To remind,
The Trump administration, which has sought to strike peace accords in multiple regions and prioritized U.S. access to critical minerals, has been seeking to end the conflict in a region rich in tantalum, gold, cobalt, copper and lithium.
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