SMM

SHANGHAI, May 4 (SMM) – The Manono/Kitotolo project is the third largest lithium mine project in the world, and its resources are second only to Pilbara Pilgangoora and Thaleson. At present, the mine is mainly owned by AVZ Mineral and Tianhua Times. The production capacity of Manono mine will be expanded from the previous 700,000 mt of spodumene concentrate to 1.6 million mt, and its service life will be extended from 20 years to 29.5 years. Manono mine has signed lithium concentrate offtake agreements with a number of Chinese lithium salt companies. The proven lithium resources of the project is as high as 269 million mt. According to the feasibility study report released by AVZ in April 2020, the total ore reserves of the project can reach 400 million mt, and the average grade of lithium oxide is 1.65%, and its lithium resources contain 16.33 million mt of LCE. The project has lithium resource reserves of about 5.36 million mt of LCE.