Resourcing for Tomorrow’s Energy Needs
Critical Metals for the Energy Transition
Developing a potentially world class polymetallic nickel-cobalt-scandium and vanadium-titanium project in Guinea, West Africa.
Ni - Co - Sc - V - Ti
Metal Markets are Evolving
Commitments from different governments to decarbonise energy systems and reach net zero targets will cause a massive demand shift for minerals essential for the energy transition. This is expected to lead to higher commodity prices over a sustained time period, particularly in battery metals and rare earth metals.
Projections made by the International Energy Agency show a quadrupling of mineral requirements for clean energy technologies by 2040.
Marela Project
The Marela project is polymetallic and contains critical metals for electric vehicles and the energy storage sector. None of these metals are currently produced or exported from Guinea. Mine development and production of these metals would diversify Guinea’s commodity exports and would involve ore beneficiation in Guinea.
