Proposed Divestment Projects

Nyamukono Project (Zimbabwe) – 95%

The Nyamukono project (“Nyamukono”) is located within the Mutoko pegmatite belt within the Archaean aged Makati-Makaha Greenstone belt in north-eastern Zimbabwe. Nyamukono comprises of 45 granted exploration licenses and is prospective for hard rock lithium. The Mutoko Pegmatite Belt is host to numerous LCT-pegmatites that have in the past produced significant quantities of beryl, mica and columbo-tantalite concentrates along with minor lithium minerals.

Note:

1. NEV exploration results are not JORC 2012 compliant and do not guarantee similar results at Lida. Refer to NEV company announcement dated 24 May 2023 for further details.