Lifezone Announces Exclusivity Agreement over the Musongati Nickel Project in Burundi
Lifezone Metals Limited (LZM)
Company Research
Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Lifezone Metals Limited (NYSE: LZM) today announced the official signing of an exclusivity agreement with the Government of Burundi over the globally significant Musongati nickel laterite project, located in Burundi and part of the larger East African Nickel Belt, which also includes Lifezone’s Kabanga Nickel Project.The Musongati Nickel Project has been the subject of material exploration and evaluation activities over the last 50 years, and earlier studies indicate the potential to recover copper, cobalt, gold, platinum-group metals, and scandium as by-products. A 2011 study defined a resource of more than 140 million tons, making Musongati a major, large-tonnage open-pittable resource.A signing ceremony took place Tuesday in Washington D.C., at the U.S. Department of State, hosted by Deputy Assistant Secretary of State for Central Africa and Commercial Engagement in the Bureau of African Affairs, Sarah Troutman. Lifezone Chief Executive Officer, Chris
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