19th May 2025 14:22
(Alliance News) - Switch Metals PLC on Monday announced the start of its exploration programme on the Badinikro permit of the Issia project.
The mining exploration company focused on developing battery and technology metals mines in Ivory Coast.
Switch Metals plans further trenching and rock sampling on lithium-caesium-tantalum pegmatite occurrences that are associated with the significant coltan concentrations at surface.
Chief Executive Officer Karl Akueson said: "The start of pitting for resource generation on the first MRE target zone at Issia is an exciting step for the company following the completion of our recent admission to trading on AIM. This zone meets all our exploration criteria with surface occurrences of coarse coltan minerals, a strong heavy minerals footprint combined with robust tantalum and niobium geochemical fingerprint down to saprolite level at the bottom of the pits, which is typical of eluvial placer deposits. Importantly, this target overlies hard rock pegmatite discoveries previously made by Switch Metals, which we believe to be the source of these shallow sedimentary deposits."
He added: "As we refine these deeper targets, we expect to successfully define shallow resources that can be extracted and processed through conventional screening and gravity separation plants to generate early cash flow for a relatively low capital expenditure."
Switch Metals shares were flat at 8.50 pence each on Monday afternoon in London.
By Tom Budszus, Alliance News slot editor
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