Moab Minerals eyes Ghana’s lithium with CAA Mining deal - The Africa Report.com

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Moab’s share prices shot up from around 0.007 to 0.013 when it announced an acquisition of a 15% stake in CAA Mining’s Ghana assets in early June. By jnyabor. Lithium

Moab Minerals will consider a 100% acquisition of CAA Mining’s lithium assets in Ghana if prospecting activities confirm commercial deposits of the mineral by the end of the year, says Malcolm Day, the managing director of the Perth-based company.

“[CAA Mining] are currently on a drilling campaign and depending on how those drill results come, we are looking at increasing our investments in CAA Mining in the next few months,” he tellsGet unlimited access to our exclusive journalism and features today. Our award-winning team of correspondents and editors report from over 54 African countries, from Cape Town to Cairo, from Abidjan to Abuja to Addis Ababa. Africa. Unlocked.

 

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