Nickel-Cobalt Properties

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Nickel and Cobalt
Shangani and Bindura
137,883 Acres total (558 km2)
Paved highway, water, nearby electrical power grid

Why Nickel and Cobalt?

Nickel and cobalt assume indispensable roles as battery metals, particularly during the pivotal growth phase of electric vehicle (EV) production. Notably, cobalt has secured its position on the list of 35 critical minerals deemed vital for the economic and national security of the United States, as initially designated by the U.S. Department of the Interior on May 18, 2018. In essence, higher quantities of nickel and cobalt translate to increased energy density within an EV battery, a factor that significantly enhances energy storage capacity. To underscore the practical significance of nickel and cobalt, EVs equipped with high-energy-density batteries can cover more extensive distances before requiring a recharge.

Bindura – the nickel and cobalt deposits are primarily located within the fold belts of Bindura, Zimbabwe. This geological formation can be traced back to tectonic forces that triggered the rise of basic to ultrabasic fluids, which, in turn, facilitated the formation of minerals rich in elements such as nickel and cobalt. The combination of these mineral-rich rock formations with the arid climate of the region has ultimately led to the development of soil layers enriched with these vital elements.

Shangani – The area is distinguished by numerous intrusions abundant in heavy elements. The mineralized deposits arise from processes of supergene enrichment and soil formation, originating from ultramafic rocks within mantle intrusions. These conditions facilitate the creation of extensive layers of soil characterized by heightened concentrations of Nickel and Cobalt.