Basin Mining Ltd and Range Mining Ltd, both legally established under the Federal Republic of Nigeria's laws and officially registered with the Corporate Affairs Commission, have joined efforts to develop lithium and critical minerals within their extensive Kaduna State tenements.
Operating under the framework of the Companies and Allied Matters Act 1990, both companies hold Mining Leases and Exploration Licences, granting them exclusive rights authorized by the MCO to explore various minerals within Kaduna State. Their combined focus on the southern region, near Kafanchan township, has led to significant discoveries of Lithium and Critical Minerals.
With contiguous tenements spanning 462 square kilometers, Basin Mining and Range Mining have united under the "Jupiter Project" to drive collaborative mineral development. The identified mineral exposures suggest the potential for a substantial lithium district, possibly becoming a significant source of high-grade lithium ore. This discovery could catalyse Nigeria's Lithium industry, subsequently facilitating entry into the battery storage and electric vehicle market.
Basin Mining Ltd and Range Mining Ltd's partnership marks a notable stride in Nigeria's mineral exploration landscape, underscoring innovation and collaboration's role in shaping industries and unlocking new opportunities.