DY6 Metals Ltd to purchase Karonga Lithium Project in Malawi
DY6 Metals Ltd is expanding its strategic metals exploration efforts in Malawi with the acquisition of an 80% interest in the Karonga Lithium Project.
The firm’s CEO, Mr Lloyd Kaiser revealed the plans and said geological team has conducted a reconnaissance field visit at the Karonga Lithium Project. During this visit, ten rock chip samples were collected from four outcrops and have been sent to a laboratory in South Africa for analysis.
Potential exploration
This move suggests that DY6 Metals Ltd is actively seeking to strengthen its position in the exploration and potential extraction of Heavy Rare Earths (HREE), Niobium (Nb), and now lithium in the region, indicating a diversified approach to strategic metals.
The CEO, mentioned that the field reconnaissance identified several pegmatites, some as wide as 25 m and as long as 500 m, with visually observed lithium-bearing minerals. He further expressed satisfaction with the agreement, highlighting the potential scale added by the Karonga Lithium Project. The company is eagerly awaiting the assay results from the rock chip sampling and anticipates returning to the site in the coming weeks for further exploration.
The Project is located about 440km north of the capital Lilongwe and covers a total area of approximately 39.27km2. The area can easily be accessed using Karonga-Chitipa M1 Road turning to the west at Kasikisi School signpost along the M1 Road.
The Karonga area is associated with a series of N-S trending ridges with metamorphic Basement complex rocks commonly identified as windows within the Karroo System which overlies the basement. The Karroo System units are typically sandstones with carbonaceous shales formations.
