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Lithium Salt Wells Project

DRC Gold Corp. has an option to acquire 100% of the Salt Wells Lithium Salt Wells Project property from Great Basin Oil LLC in Nevada

  • Nevada has the only currently producing lithium mine in the United States
  • The mine, located near Silver Peak, Nevada, has produced from lithium brines since 1967
  • Production costs are low relative to production from hard rock
  • The acquisition is subject to a 4.5% Net Smelter Return to Great Basin and or it’s assignees; DRC Gold Corp. can purchase 1.5% within 90 days of the Property going into production
  • The rise in lithium prices and discovery of highly anomalous lithium values at surface by Great Basin Oil has led to the option of the Salt Wells project by DRC Gold Corp.

Kabunda South Project

The Kabunda South Project is comprised of two exploration permits, PR’s 15383 & 15623 and lies along the southern boundary of the broader LCT pegmatite corridor, circa 120km southeast of world renowned Manono lithium project.

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Okote Gold Project

The Okote Gold Project is being put on hold for the foreseeable future given the uncertain military situation.

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