Between 2006 and 2018, regional geophysical surveys were completed covering the project area targeting gold mineralisation. Firering has obtained access to the survey data and is in the process of completing the interpretation of the data.
From 2019, Atex Mining Resources conducted geological mapping and sampling of the pegmatites to assess their potential to host significant lithium mineralisation. The Group currently has two subsidiaries which hold exploration permits:
- Atex Mining Resources SARL, in which the company holds a 90% stake.
- Bri Coltan SARL, in which the Company holds a 75% interest.
In addition, the Company has a wholly owned subsidiary, FH Coltan CI-II, which is not operational but acts as an intermediate holding company for Bri Coltan. Furthermore, the Company has entered into a binding contract to acquire up to an 80% interest in Alliance, a company which has made an application for an exploration permit in respect of lands adjacent to those covered by Atex’s exploration permit.
Firering’s principal asset is a 90% interest in the Atex Lithium-Coltan Project (PR-777), located in the North of Côte d’Ivoire. Firering also has a 51% interest in Alliance Minerals Corporation, which has applied for an exploration licence adjacent to the Atex Project (0094DMICM17).
Small Mining Permits
In addition, the Company owns two small scale mining permits Louria and Zerbokro (AESI 29 and 30), located in the Haut-Sassandra Region of the Sassandra-Marahoué District of Côte d’Ivoire through its effective 75% interest in Bri Coltan, which holds the projects.
Firering has further applied for three exploration permits (0065DMICM05/02/2021, 0067DMICM05/02/2021 and 0071DCICM05/02/2021) in the Issia area of Coté d’Ivoire, through its wholly-owned subsidiary FH Coltan CI-II. These exploration permits cover a total area of 1,033.29 km2.
Through FH-Coltan I-II, the Company has also secured an option agreement over the Touvré Nickel-Cobalt Project, which is located in western Côte d’Ivoire.
The company plans to advance the exploration of the Atex Project and its lithium potential while also implementing an extensive columbite-tantalite sampling programme.
Lithium and Coltan-Tantalite and Niobium
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The project comprises of a limestone quarry with an estimated non-JORC compliant mineral resource of more than 73 million tonnes (Source: Golder Associates, October 2017) and a quicklime production facility with the potential to produce between 500 and 600 tonnes of quicklime per day
Table of Mineral Assets and Applications
|Licence Application||Holder/Applicant||Interest (%)||Status||Mineral||Licence expiry date||Licence area (Km2)||Comments|
|PR 777||Atex Mining Resources||77||Exploration||Tantalum, Niobium & Lithium||16/11/2024||134.96||Firering has an option to aquire a further 23% interest. Additional commodities (Au and Sn) will be added.|
|0094DMICM17||Alliance Minerals Corporation||51||Application||Tantalum & Niobium||–||365.27||Firering has acquired a controlling stake in the project. Application for coltan exploration permit submitted on 15 February 2021. Awaiting approval.|
|0065DMICM||FH Coltan CI-II||100||Application||Tantalum & Niobium||–||388.39||Issia region. Application for coltan exploration permit submitted on 04 February 2021.|
|0067DMICM||FH Coltan CI-II||100||Application||Tantalum & Niobium||–||324.31||Issia region. Application for coltan exploration permit submitted on 04 February 2021.|
|0071DMICM||FH Coltan CI-II||100||Application||Tantalum & Niobium||–||320.59||Issia region. Application for coltan exploration permit submitted on 04 February 2021.|
|Firering is working closely with The Côte d'Ivoire Ministry of Mines, Petroleum Resources and Energy on our permit application process|