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Piran Resources has secured a 25-year mining licence in eastern Rwanda for two concessions, Musha and Ntunga.

The company defined a maiden JORC Resource of 10Mt in Q1 2019 and is carrying out further exploration and trial mining in order to further expand the resource size.

In 2018, drilling was completed in two phases.  Following 16,000 meters of diamond, reverse circulation, air-core, and sonic drilling in 2018, the assays results indicated economic quantities of tin (intercepts of >1% Sn) and tantalum, with lithium at depth, and significant further resource potential at both concessions.

Further results show the licence sits on a significant mineralised belt hosting two broad types of mineralisation:

  1. High grade Sn quartz veins in the Musha area, presented as nuggety and complex structures.  This mineralisation lends itself to trial mining to better define the grade whilst supported by further exploration work; and
  2. A Sn-Ta-Li bearing pegmatite material, showing potential for large scale open pit Sn and Ta operation with further potential for high grade Li2O at depth.

Over the next 18 months, the company will focus on determining the scale-up potential of the high-grade quartz vein operations (through a combination of trail mining and further exploration work) as well as understand the wider potential of the mineralised belt, including potential for a large scale, open pit Sn-Ta-Li operations.

Tin and tantalum have strong long-term fundamentals on the back of both established consumption, predominantly into electronics, and increasing demand from new technology uses including batteries and magnets for robotics. Piran’s intention is to create a sustainable, long term, commercial operation in Rwanda and look to use this as a platform to further grow the business in Rwanda and in the region.

Rwanda is one of the fastest growing and most stable economies in Africa with significant mineral resource potential. The country encourages responsible foreign investment and has prioritised the development of the mining sector.

Piran Resources is part of the Pella Resources group, an Africa-focused natural resource and energy group with a 20-year track record in exploration and mine development.