Electric vehicles sales are booming and along with it the demand for lithium. “2017 was the year electric vehicles became mainstream” says Macquarie.
In numeric terms, electric vehicle sales in China, the US, Europe, Japan and Canada collectively rose to 1.1 million vehicles, up from 740,000 in 2016. Poignantly, the market share of electric vehicle sales in China was 2.3% up from 1.4%.
Commentators are predicting that vehicle charge points will outnumber petrol stations by 2020 and by 2022 electric vehicles will become cheaper than conventional vehicles.
Governments and car manufacturers are responding.
China, India, France, Britain and Norway have announced plans to ditch gas and diesel vehicles altogether in favour of electric vehicles. At least eight other countries (Austria, Denmark, Ireland, Japan, the Netherlands, Portugal, Korea and Spain) have set official targets for electric sales. And Germany’s Chancellor Angela Merkel has hinted that it is only a matter of time before the country that invented the modern car sets an expiration date of its own.
Car manufacturers are following suit. Volvo will only manufacture hybrids or full electric vehicles from 2019. General Motors has signalled plans to make only electric vehicles at some point in the future. The likes of Ford, Toyota, Mazda, Daimler, Renault, Nissan, Mitsubishi, Jaguar Land Rover and VW are all investing heavily in electric vehicles with new models in production or in planning.
70% interest in joint venture over Kitotolo Lithium Project, being formalised.
Along-strike from AVZ’s world-class Manono Project.
Project area contains numerous historical artisanal workings, focussed on cassiterite and columbite-tantalum mining.
Project area has not been subject to any modern exploration.
Initial investigations have identified spodumene in pegmatites across significant areas within Project area which are open in all directions and are considered to potentially extend for kilometres along a NE-SW trend.
Assays from rock and channel samples confirm high grade lithium mineralisation (up to 2.15% Li2O).
Aggressive exploration planned, initial phase to comprise trenching, test pitting and auger drilling of fresh spodumene in pegmatite (CY2017).
51% interest, currently being formalised.
Force’s 49% partner is Mining Mineral Resources SPRL (MMR).
Located along-strike ~5kms south of AVZ’s world-class Manono Project.
Project area of ~194 Km2 is currently being mined for tin and tantalum but has not had any historical lithium exploration.
Pegmatites observed across significant areas of Project area and are on a NE-SW trend, including one area where pegmatite exposures extend for over 3km in length and are in places in excess of 200m in width.
Pegmatite observed is largely what has been exposed by the current and historical mining activities. Limited investigation of non-mined areas, notwithstanding pegmatite exposures in some areas were observed
Assays from rock samples confirm high grade lithium mineralisation (up to 2.12% Li2O).
Aggressive exploration planned during CY2018.