#Lifezone Metals signs exclusivity deal for #Musongati #Nickel project in #Burundi
Lifezone Metals said post-market Tuesday it signed an exclusivity agreement with Burundi’s government over the Musongati nickel laterite project, located in Burundi and part of the larger East African Nickel Belt, which also includes the company’s Kabanga nickel project.
The Musongati Nickel Project is Burundi’s most important nickel deposit and sits within the world-class NE-SW-trending line of mafic-ultramafic intrusions known as the Kabanga-Musongati Alignment of the East African Nickel Belt, the company said.
Lifezone said the 14-month exclusivity agreement allows it to commit its expertise and resources to assess the Musongati nickel laterite project within this initial exclusivity phase, as the company heads to a final investment decision on its key Kabanga nickel project in neighboring Tanzania.
A 2011 study defined a resource of more than 140M tons, making Musongati a major, large-tonnage, open-pittable resource.
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