Overview

The Xunsn Lithium Project offers a stake in three contiguous high-grade lithium mining zones in north-east Zimbabwe, spanning over 100 km² in total. The project’s combined resource base is approximately 5.7 million tonnes of Li₂O(lithium oxide) in-situ, with an impressive average lithium grade of ~1.38% – well above typical global averages (0.5-1.0% Li₂O). This resource size and grade translate into a significant volume of battery-quality lithium concentrate (roughly equivalent to 5.7 million tonnes of 6% Li₂O concentrate), positioning the project as a major future supplier to the solid-state battery industry, which is projected to reach a $2 trillion market. In addition to lithium, the deposits contain valuable co-products including tantalum, niobium, tin, and tungsten, adding to the project’s revenue potential.

Operationally, the mines are planned as open-pit operations with an aggregate capacity exceeding 5,000 tonnes of ore per day, supported by existing processing infrastructure. There are currently three 1,000 TPD flotation processing lines on-site (achieving ~80% recovery rates) and further capacity can be added with modest capital expenditure. The locations are logistically advantageous – roughly 80 km from a major highway (connecting to Zimbabwe’s capital and export routes) and about 300 km from the port of Beira (Mozambique) for international shipment. Grid electricity is available, supplemented by water from the nearby Mazowe River, ensuring that power and water needs for processing are met. The project benefits from Zimbabwe’s Belt & Road Initiative partnership, including a standard 25% corporate tax regime and government support for mining ventures.

The investment proposition is to fund an expansion and optimization program of about $26 million, which will scale up daily ore throughput and enhance resource extraction. In return, the investor would receive roughly 20% equity in the project, implying a $130M post-money valuation. With scalability built into the mine plan, the project offers flexibility for exit strategies: investors could potentially realize returns via a strategic buyout at a premium or through an IPO once the operation reaches steady production, projecting a 3–5x return over a 3-year horizon.