CMOC Updates Resource Reserves at Bikita Lithium Mine

Recently, China Molybdenum Co., Ltd. (CMOC) announced the updated resource reserves at the Bikita Lithium Mine in Zimbabwe. As of December 31, 2023, the combined reserves (measured, indicated, and inferred categories) of lithium ore in the West and East zones of the Bikita Mine amounted to 113.35 million metric tons (excluding resources used for mine production), with a lithium metal content of 1.1679 million metric tons and an average grade of 1.03% Li2O, equivalent to 2.8847 million metric tons of lithium carbonate equivalent (LCE). Compared to the previous report (as of December 31, 2022), lithium ore reserves have increased by 47.9324 million metric tons, equivalent to an increase of 1.0469 million metric tons of LCE.

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