Projects Overview

Elgacol’s business, investment philosophy and strategy are premised on pursuance market opportunities in the following high-growth sectors to create and unlock long-term shareholder and economic value

Natural Resources

Mining

We have identified what are colloquially referred to as energy transition or net-zero minerals and metals as being our most appropriate and effective route for unlocking and creating immense shareholder value. Our portfolio of minerals assets include: phosphate, copper, lithium, silver, chrome and manganese.

Green Energy

Renewable Natural Energy

We are the front-end engineering design phase to build and commission a Bio-Methane Gas plant from Napier grass biomass on ten thousand communal land in Blouberg district of the Limpopo province of South Africa.

Food Security

Fast Moving Consumer Goods (“FMCG”)

Again given the growing rural and peri urban population in Limpopo, we intend to make investments in manufacturing and agribusinesses in sectors such as milling, bakeries, poultry & citrus

4IR

FinTech

Taking from our experience of 2017 when we bid to acquire Mercantile Bank from the Portuguese government, we remain convinced that there exists a lucrative business opportunity to invest in creation of a financial services ecosystem (e.g. banking, eWallet, micro loans, person-to-person payments, mobile payments, life insurance) with a robust electronic communications and broadcasting/video streaming services infrastructure.

Technology

Smart Cities/Smart Villages

Given the vast rural and peri urban lands in Limpopo with growing population, we intend to design, construct and manage a portfolio of 5 shopping centres in the next 5 years

4IR

FinTech

Taking from our experience of 2017 when we bid to acquire Mercantile Bank from the Portuguese government, we remain convinced that there exists a lucrative business opportunity to invest in creation of a financial services ecosystem (e.g. banking, eWallet, micro loans, person-to-person payments, mobile payments, life insurance) with a robust electronic communications and broadcasting/video streaming services infrastructure.

Given the vast rural and peri urban lands in Limpopo with growing population, we intend to design, construct and manage a portfolio of 5 shopping centres in the next 5 years

Furthermore, we intend to create a renewable energy company which will offer installation, servicing, maintaining and management of hybrid energy systems of Solar-Wind-Battery-Gas for residential and business customers

Licenses and Permits : Phosphate - Guinea-Bissau

The AFCOR-FARIM Phosphate Project consists of a high grade sedimentary phosphate deposit of one continuous phosphate bed, known as the FPA layer, which extends over a known surface area of approximately 40 km². A Measured and Indicated Resource of 32.60 million tonnes (“Mt”) of DSO phosphate has been identified within the AFCOR-FARIM Phosphate Project for the DSO Project with a P2O5 grade in excess of 30.7 % and an average R2O3 content of 6.01%.

Geological And Mining Prospecting Authorization No-003/2022

Pursuant to Article 19 Chapter IV, Minas, Section I of Law No. 3/2014, of April 29 and Regulatory Decree No. 33/87, of December 30, is issued to the present authorization for Geological prospecting is Minas Gerais gives phosphate and minerals.

Research License No. 001/2022

Pursuant to section II of Chapter IV of the Code of Mines and Quarries, Law No. 3/2014, of April 29, the Mining Research License of Phosphate and related minerals is granted in the Farim area, on behalf of the Company AFCOR LIMITED

Role of Phosphate in Food Security

The main elements are nitrogen, phosphorus and potassium. Phosphorus is a vital element to all life forms. It comes from a rock called phosphate of which Morocco has the largest reserve known to date. (Morocco has 70% of the world market.)

It represents a quarter of the nutrients consumed by plants acting at the cellular level as a major component of cell membranes and as a source of energy. This enables the roots to develop and the plant to grow, making it a crucial element in the world’s agricultural development. Potassium encourages plant growth, reinforces stem participates in the transport of nutrients and plays an active role in disease resistance.

As for nitrogen it’s an essential component of chlorophyll vital for photosynthesis and the plants vegetative growth. In this way a balanced supply of nitrogen, phosphorus and potassium enriches the earth sustainably and allows a good harvest.

Licenses and Permits : Copper & Lithium - Namibia

The Copper Claims in Namibia currently entail small scale surface mining with copper concentrate of 20%. There is an immediate opportunity to ramp up production 10,000 of Run-of-Mine per month with a Tolling arrangement with Dundee Precious Metals at Tsumeb to produce an average of 2,000 tons of Copper Blisters per month which will be marketed and sold at LME minus 30% price.

Positive cash flows generated from the surface mining of copper ore and selling of copper blisters is applied towards extensive exploration drilling program on the EPLs

Mining Claims

Mining Claim Registration Numbers: 69867 & 69868 situated at Otuani Village, Opuwo District, Kunene Region, Namibia

Mining Claims Registration Numbers: 69860, 69861, 69862 & 69863 situated at Omaruru District, Erongo Region, Namibia

Issued in terms of Section s 37 & 38 of the Minerals (Prospecting and Mining Act, No. 33 of 1992

Exlusive Prospecting Licenses

EPL7947 situated at Sesfontein District, Kunene Region

EPL7993 & EPL 7997 & EPL8162 & EPL8189 situated at Khorixas District, Kunene Region, Namibia

EPL8162 situated at Khorixas District, Kunene Region, Nambia

Issued in terms of Section 70 of the Minerals (Prospecting and Mining Act, No. 33 of 1992

Lithium Iron Phosphate Batteries

Lithium Iron Phosphate Batteries Market size is projected to grow from USD 13.0 billion in 2022 to USD 24.6 billion by 2027, at a CAGR of 13.7% according to a new report by MarketsandMarkets™.

The factors driving the growth for Lithium Iron Phosphate Batteries Market is the rise in demand for lithium iron phosphates from the automotive industry, especially the EV application.

Lithium iron phosphate (LFP) batteries do not use any nickel and typically offer lower energy densities at better value.

Unlike nickel-based batteries that use lithium hydroxide compounds in the cathode, LFP batteries use lithium carbonate, which is a cheaper alternative.

Tesla recently joined several Chinese automakers in using LFP cathodes for standard-range cars, driving the price of lithium carbonate to record highs.