Tantalexstarted drilling in 2017/2018 with success (refer to second link in my previouspost). They sent the results to the lab for testing and after that it was crickets. It wasn’tuntil recently the VP of Operations moved into the CEO position to replace the founderand CEO at the time and reignited the project backed by AfriMet Resources (Switzerland) and an MOU with XIMEI RESOURCES (China). Maybe the new CEO now see’s valuein the project based on AVZ’s DFS and the current price and demand of lithium. I can't imagine the test results would have been poor. Maybe they just weren't feasible based on the cost of transporting it out of the DRC. Theprevious CEO had other start ups which I think occupied most of his time andinterests at the time.
From what Iunderstand, Tantalex is well connected in the region and have been on ground in the DRCwell before AVZ. They chose exploration lots (PR 12447, 12448, and recentlygiven 13348) which is massive over AVZ (4029,4030, 13359). Hmmm mistake? Perhaps,given the great success of AVZ.http://drclicences.cami.cd/EN/
Not tomention, Tantalex had first dibs of the tailings on AVZ’s property.
It will beinteresting to see how this plays out and if they work together.
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