Ask anything about African mineral intelligence. Afrimintel will query its province scores, deposit database, comparable transactions, supply-demand data, and risk matrices to answer.
Best Cu province, low riskBattery metals, positive signalKalahari vs LufilianEast Africa DFI dealsTanzania REE drill costsWest Africa Au discovery model
⭐ WATCHLIST
Star provinces and deposits to watch them here.
PRICE ALERTS
Set thresholds — Afrimintel alerts you on next open.
The access gate provides session continuity, not security. Sensitive content is excluded from the platform until beta closes. Real session authentication is on the build roadmap, sequenced to first commercial subscriber.
Beta · April 2026 ·
Sample dossier · Province scoring
Kalahari Platform
Cu-Ag-Diamonds · Botswana / Namibia / NW Zambia
SCORE
9.6
RANK
#1
SIGNAL
HIGH
Kalahari Copper Belt is the fastest-emerging Cu province globally. Motheo, T3, and Khoemacau are operating; Ivanhoe's North-Western Zambia programme is expanding. Gravity + EM under 40m sand cover is the unlock.
What the full platform adds over the free summary layer: full-depth dossier records (every field, field-level provenance), the complete 25-deal comparable set with metrics and value-status flags, the full 40-country composite table, and the interactive engine — continent map and deposit explorer with cross-filtering across 158 assets, DCF/NPV tooling with country-risk-adjusted rates, comparable-transaction matching, ESG hotspot mapping, NI 43-101 knowledge base, watchlists and saved screens, and the Daily Brief intelligence stream. The decision-grade summaries stay free at /decision/ — checkable by design. Request access for the depth and the engine.
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Searches deposits, provinces, countries, transactions, IG dossiersPress / to open · ESC to close
Africa Mineral Intelligence · Closed beta
Welcome. Tell us your seat.
We'll show you the intelligence built for your decisions, not someone else's.
What you're getting access to: 13 African mineral provinces scored against a published methodology · 18 intelligence-grade deposit dossiers verified to primary source (NI 43-101 / JORC / S-K 1300) · operator-attestation, research-grade, and spatial-reference context tiers · 40 country profiles · 25 comparable transactions · AI synthesis with provenance contract · public audit log. Editorial responsibility: Nikesh Patel, Honorary Consul of Rwanda in Mauritius.
Afrimintel curates a deliberately focused deposit corpus from USGS MRDS, CGMW, and RMB (6,000+ mine sites indexed continent-wide), led by 18 intelligence-grade records — with operator-attestation, research-grade, and spatial-reference context tiers beneath. Click map for full interaction.
Province Rankings
Click any province for AI convergence analysis
Spatial Intelligence
Africa Mineral Map
18 intelligence-grade · operator-attestation, research-grade, and spatial-reference context tiers · 13 provinces · Click any deposit for details
LAYERIntelligence-grade · primary-source verifiedOperator-attestationResearch-gradeSpatial reference only
Map data: USGS MRDS · CGMW · Published NI43-101 reports. Deposit locations are approximate centroids. Intelligence layer = anchored records with grade classification + primary source. Spatial reference layer = name + coordinates only (map context, no dossier). Afrimintel does not warrant completeness or real-time accuracy.
Exploration Data
Deposit Database
18 intelligence-grade records with primary-source citation · operator-attestation, research-grade, and spatial-reference context tiers · filter by layer below
Cross-Asset Comparison
Compare Assets
Select up to three intelligence-grade deposits and compare across standardised institutional-screening dimensions: commodity, jurisdiction, status, operator, reserves, resources, inferred resource, recent events, dispute / transparency flags, jurisdictional context (Afrimintel Score · Fraser IAI), primary source, last reviewed. Asset coverage expands each sprint. Bankability + downstream-risk dimensions ship with v1.2 Bankability Layer.
Pick deposits to compare
DEPOSIT A
DEPOSIT B
DEPOSIT C (optional)
Showing intelligence-grade deposits only · primary-source verified
Comparison matrix renders inline from the platform's canonical deposit data layer (AFRICA_DEPOSITS). Reserve and Resource figures are quoted on the basis shown alongside each value — Reserve basis and Resource basis are not always identical and not always 100% project basis, so cross-asset comparisons of contained metal require care. Sourcing dates show when the underlying NI 43-101 / JORC / S-K 1300 disclosure was published; "Last reviewed" shows when Afrimintel last re-checked the record against primary source. Where a deposit lacks a field, "—" displays. This Phase 1 surface covers the headline screening dimensions only; the Bankability and Downstream Risk dimensions ship with v1.2 Bankability Layer.
Exploration Tools
Tools
Survey gap analysis · High-data country benchmarks
Survey Coverage Gap
High-Data Countries
Free Intelligence Resources
Satellite, geology, geophysics, market data — all free
Afrimintel Scoring Methodology
Decision-grade intelligence
Africa mining intelligence you can defend.
Every claim Sourced, Derived, or Absent. Bankability layer with country-risk-adjusted discount rates. Downstream-risk substrate built on ACLED + EITI + IFC PS / WB ESF / AfDB ISS. 18 intelligence-grade dossiers. Methodology you can audit. Material errors corrected within 7 business days.
TSX-V · ASX · AIM · JSE · AltX — requirements, costs, best fit by commodity
Funding Intelligence
Bilateral Programmes
BGS · USGS EarthMRI · GTK · BRGM · AfDB · EU · World Bank — active programmes
Exploration Intelligence
Discovery Models
How T3, Kamoa, Kabanga, Ngualla, Balama, Sukari were actually found
Permitting Intelligence
Cadastre & Permit Links
Direct application portals for 20 countries · Timeline · Cost · Status
Risk intelligence
Country risk, decomposed.
A composite score per country built from four published indices. Editorial weighting (30 / 25 / 25 / 20) is itself published. Where a country isn't rated, we say so. Where DRC carries an editorial override, we say so.
30% Fraser IAI25% Transparency International CPI25% NRGI Resource Governance Index20% EITI compliance
Market Intelligence
Commodity Price History
10-year annual averages · Cu · Au · Co · Li · Graphite · Ni
Transparency Intelligence
EITI Compliance Tracker
13 geological provinces across Africa, with deposit data across 40 countries · Compliant / Candidate / Suspended / Not member
Free Data Intelligence
BGS + Free Data Catalogue
BGS Africa · USGS EarthMRI · IPIS ASM · ICGLR · OneGeology — all free, all direct links
Technical Intelligence
Reporting Standards Guide
NI 43-101 vs JORC vs SAMREC vs PERC vs CRIRSCO — which to use and why
Due Diligence Tool
DD Checklist
Exploration · Development · Operating — stage-specific due diligence
Logistics Intelligence
Infrastructure Corridors
Port capacity · Rail gauge · Bottlenecks · Current investment
Select a province and commodity to synthesize key technical intelligence from public reports
Survey Intelligence
Geophysical Anomaly Guide
Anomaly type → deposit type · Survey matching · Depth range · Historical examples
ESG Intelligence
Operator ESG Scorecards
ICMM · GISTM · Fatalities · Community · DFI eligibility
Fiscal Intelligence
Royalty Rate Comparison
25 African countries · Corporate tax · State participation · Total fiscal burden
Policy Intelligence
Policy Toolkit
What regulatory reforms actually attracted mining investment — and how to replicate them
Intelligence Tool
Deal Tracker
Your personal Africa mining deal pipeline · Saved locally · Never leaves your browser
New Deal
No deals tracked yet. Add your first deal above.
DFI · Junior · PE · Royalty / Streaming
Is the deal market, or off-market?
Enter the scenario. We benchmark against verified African comparable transactions, surface DFI pathway, flag risk, and deliver a structured verdict in under 30 seconds.
Step 1 · The deal
Step 2 · You
Tell us about the deal.
Verdict appears here. We surface what's market, what's a stretch, and what changes the answer.
Verdict (Advance / Conditional / Pass)Comparable transaction multiplesDFI pathway recommendationRisk flags + ESG checkWhat would change this verdict
Cross-pane synthesis
A single brief. Built from every record we hold.
Pick a province, narrow by commodity and stage, choose your decision context. We pull the deposits, comparable transactions, country risk, EV exposure, and survey gaps — then synthesise. Exportable as Markdown for your IC memo.
Step 1 · The asset
Step 2 · The decision
Pick a province to start.
Your brief will appear here. Each section cites the underlying record. Sections without data say so. The synthesis is auditable, not just generated.
Province snapshotDecision-grade dossiersComparable transactionsCountry risk compositeEV / critical mineralsCoverage gapBear caseVerify-before-acting list
Situation Tool · Explorer / Junior
Target Screener
Enter your mandate. Get ranked exploration targets with work programme, cost estimate, and first contacts.
Situation Tool · Government
Country Pitch Builder
Government-primary. Choose engagement type and country — get formatted, provenance-graded materials for DFI engagement, a Mining Indaba pavilion, or a junior investor pitch.
Situation Tool · Hardware
Survey Proposal Builder
Enter your client's situation. Get proposal ammunition: technical justification, discovery ROI, and recommended parameters.
Situation Tool · Junior
Capital Raise Prep
Enter your project and funding need. Get an investor shortlist, exchange recommendation, and deck structure built from Afrimintel data.
The Afrimintel methodology and data quality are reviewed by a panel of domain experts. Advisory panel members do not influence commercial decisions or client relationships.
Field Corrections Programme
Afrimintel accepts field corrections from verified exploration professionals. Submissions are reviewed, applied where verified, and attributed by name.
To submit a field correction: nikesh@afrimintel.com
Advisory Panel — Building
Afrimintel is currently forming its advisory panel. Panellists are domain experts in African economic geology, DFI mineral investment, and geophysical survey practice. Enquiries: nikesh@afrimintel.com
INDEPENDENCE POLICY
Afrimintel is an independent intelligence platform. Province scores, IC assessments, data verification tags, and AI analysis outputs are produced without commercial consideration from exploration operators, mining companies, equipment vendors, or governments whose jurisdiction data appears in the platform.
Marketplace listings are not paid placements. Province scores are not negotiable. Data partner relationships do not influence scores or editorial content. AI-generated analysis is not approved by featured companies before publication.
This policy is permanent.
What Afrimintel measures, how it measures it, and what you must verify before citing it
PROVINCE SCORES
Afrimintel scores are editorial constructs — not peer-reviewed indices.
MSP (Mineral System Potential): Afrimintel editorial assessment of geological prospectivity, based on published BGS/USGS survey data, academic literature, and NI43-101 deposit density. Not peer-reviewed.
IC (Investment Climate): Sourced from Fraser Institute Annual Survey IAI where available (year stated). Weights (0.6/0.4) reflect standard exploration industry emphasis on geology over policy — Afrimintel editorial.
Opportunity Multiplier: Editorial multiplier reflecting current market timing. Range 1.05× – 1.30×.
⚠ Do not cite Afrimintel province scores in professional documents without disclosure that scores are editorial constructs. Present as "Afrimintel Intelligence Index" not as an independently validated metric.
DATA CONFIDENCE LABELS
SourcedConfirmed from a named, citable public source. Year of verification stated where possible.DerivedDirectionally reliable from multiple sources but not confirmed from a single citable document. Verify before citing.DerivedPlausible estimate with no confirmed source. Use only for orientation. Never cite.
KNOWN DATA LIMITATIONS
Market capitalisations: Removed from all operator profiles — figures become stale within days. Use exchange/ticker links for live data.
LTIFR (safety rates): Removed from ESG scorecards — figures require direct access to each company's published sustainability report. Check company website.
EITI compliance: Afrimintel removed fabricated numerical EITI scores. EITI publishes only: Compliant / Candidate / Suspended / Not member. Verify at eiti.org.
Supply-demand projections: Derived from published reports (BMI, CRU, IEA). Cobalt projections particularly volatile given LFP battery chemistry adoption. Verify against current reports before citing.
Comparable transactions: ~25 comparable transactions. Always verify deal terms against primary source (press release, filing) before citing in IC memo or professional document.
Bilateral programme budgets: Figures are estimates — verify at programme source pages (links provided in each entry).
Geographic coverage: Afrimintel has deep intelligence on 13 geological provinces. Deposit data exists for 40 countries but intelligence depth varies significantly — primary countries have far greater coverage than secondary ones.
PARTNERSHIPS IN PROGRESS
The following data quality improvements are pending partnership responses:
• BGS Africa Programme — open Africa geoscience datasets published by the British Geological Survey, used as a public source on this platform. BGS is an independent data source; no partnership, affiliation, or endorsement is asserted. Data-access enquiries: bgafrica@bgs.ac.uk.
• Fraser Institute — will confirm citation arrangement for current-year IAI values with exact survey date
• AfDB ANRC — will enable live project pipeline data replacing static entries
• USGS Mineral Resources — will confirm MRDS citation format and Africa dataset notifications
Version: April 2026 · Data last reviewed: April 2026
PROVINCE COMPARISON
Side-by-side intelligence · Click any province card to add
🌍
Welcome to Afrimintel
Africa-focused mineral intelligence platform in closed beta. 18 intelligence-grade dossiers — plus operator-attestation, research-grade, and spatial-reference context tiers — across 13 provinces and 40 countries. Your role has been set — every pane is personalised for how you work. The left nav shows your most relevant tools. More options are one click away.
🗺️
Start with a province
Province cards rank all 13 African geological provinces by Afrimintel score. Click any card for a full AI deep dive — investment climate, risk profile, comparable transactions, and a geophysical work programme.
⚡
Ask anything
Press Ctrl+K (or ⌘K on Mac) from anywhere to ask Afrimintel any question. "Best Cu province under $5M explore budget" · "Which DFI funds Tanzania Ni?" · "Compare Kalahari vs Lufilian risk."
Financial Modelling · DFI / Junior
Project Economics
Simplified DCF model using Afrimintel market data. Not a substitute for a full feasibility study — orientation-grade only.
Known limitations & structural omissions
This tool deliberately omits five elements that a full feasibility-study DCF would model. Each is documented here so you know the boundary of what the tool can defensibly evaluate. Outputs reconcile to published technical-report NPVs only within the tolerances set by these omissions. The full DCF Test Battery — anchored to Kamoa-Kakula reconciliation targets — is published, with cycle-1 results companion doc publishing on editorial sign-off.
No production ramp-up. Steady-state production from year 1. Real projects ramp over 1–3 years; the tool's NPV and IRR are therefore optimistic for greenfield assets.
No sustaining capex. Annual cash flow is NOPAT only — no deduction for ongoing capex. For a 20-year mine, this typically over-credits NPV by several hundred million dollars.
No depreciation tax shield. Tax is applied to raw EBITDA. A real DCF computes tax on (EBITDA − depreciation), which gives a small offset against the over-credit from items 1 and 2.
No by-product credits. Single-commodity treatment only. Kamoa-Kakula sulphuric acid, Sukari silver, Balama vanadium-bearing graphite, and other polymetallic by-product revenue is not modelled. Treat tool output as a lower bound on NPV for deposits with material by-products.
No multi-phase capex, no state participation, no working capital, no stripping ratio variance. Single capex line, single tax rate, no end-of-life salvage. Phased expansions (e.g. Kamoa-Kakula's $3.04bn Phase 3 capex), DRC/Botswana/Zambia state-share regimes, and open-pit OPEX trajectories must be modelled externally.
Q3 2026 expansion under independent reviewer audit will assess which of these to extend. See roadmap.
Tonnes of contained metal (= ore tonnes × grade), not recovered output. Recovery is applied separately below.
Scenario band:
Per tonne of metal (Cu/Ni/Co/Li/REE/graphite/Mn) or per ounce (Au). Real terms, ex-inflation. If you have $/lb, multiply by 2,204.62.
Per tonne of contained metal, matching the production input above. Use LoM-average cost, not first-five-years headline — published technical reports often quote first-period cash cost, which under-states the project's lifetime cost trajectory. Conversions: from $/lb-recovered, multiply by 2,204.62 × recovery%; from $/t-recovered, multiply by recovery%; from C1 cash cost, add treatment/refining/transport.
CASHFLOW SUMMARY
SENSITIVITY — COMMODITY PRICE ±20%
METHODOLOGY NOTE
Simplified DCF. Annual revenue = production × price × recovery. Royalty applied pre-tax. OPEX applied annually. CAPEX at year 0. NPV at stated discount rate. IRR solved by bisection. Salvage value not included. Not a replacement for a certified mining study.
Country-risk-adjusted discount rate (v1.0.46): When a province is selected, the Discount Rate defaults to 8.0% + (10 − IC) × 0.8%, capped to [6.0%, 18.0%], where IC is the province Investment Climate score from the country-risk composite (Fraser IAI 30% + TI CPI 25% + NRGI RGI 25% + EITI status 20%). The 8.0% baseline is consistent with the discount rates used in the NI 43-101s anchoring the DCF Test Battery (Lifezone Kabanga FS 18 July 2025 @ 8%; Ivanhoe Kamoa-Kakula 2022 NI 43-101 @ 8%); broader generalisation across the African mining DCF universe is not asserted from a two-asset sample. IC inputs are Sourced where Fraser publishes the jurisdiction (e.g. Botswana, Zambia, South Africa); for jurisdictions Fraser does not survey (DRC components, Eritrea, Niger, Libya, several others) the IC carries Derived components per the PROV ic_source field. The output is therefore Derived under the Quality Standard with input provenance varying per province. This captures the country-risk-premium component of WACC only — project-specific risk premium, equity risk premium, and cost-of-debt weighting are analyst-side inputs and override the default by typing in the field. Default is a screening anchor, not a complete WACC.
CROSS-ASSET RE-RATING — PRICE-DECK BANDS
GEOPOLITICAL OVERLAY — SUPPLY-SECURITY vs RESOURCE-NATIONALISM · INTERNAL
AFRIMINTEL DAILY BRIEF
Good morning
🔥 DAY STREAK
Markets since your last visit
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Needs your attention
Province in focus today
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News for your watchlist
Live Opportunities
Tender Scanner
Multi-source tender aggregation — UNGM, AfDB, national mining ministries. Filtered to Africa mineral sector.
Sources: UNGM · AfDB Development Business · Zambia ZDA · Ghana Minerals Commission · Tanzania TMAA
Service Providers
Service Directory
Verified geophysical, drilling, laboratory, and consulting companies active in Africa. 29 providers across 6 categories.
Deal Flow
Project Marketplace
Curated Africa exploration opportunities — farm-ins, JVs, acquisitions. Every listing contextualised by Afrimintel province intelligence.
LIST YOUR PROJECT
Submit an exploration opportunity for review. Listings that pass Afrimintel's verification are published within 48 hours. No fees. No accounts.
PROJECT SUBMISSION
Market Intelligence
Deal Flow Board
Africa mineral exploration transactions — farm-ins, capital raises, acquisitions, and JVs from public ASX, TSX-V, AIM, and JSE announcements.
Government Listings
Licence Board
Available exploration licences and relinquished ground listed by African mining ministries — contextualised by Afrimintel province intelligence.
LIST AVAILABLE GROUND
Mining ministries can list available licences, relinquished ground, and PPP opportunities. Verified government submissions only.
Network Intelligence
Contribute Data
Afrimintel improves as operators, survey companies, and government geological surveys contribute data. Contributors receive free Professional access and full attribution.
HOW IT WORKS
📡
Survey Companies
Contribute anonymised survey cost benchmarks and coverage data. Afrimintel becomes more accurate. Your company is listed in the Service Directory with full attribution.
🏛️
Government Surveys
National geological surveys can submit data to improve coverage ratings. Rwanda BGI, Zambia GSZ, Tanzania GST — Afrimintel gives your data a professional distribution channel.
⛏️
Exploration Operators
Anonymised drill cost data, completed NI43-101 reports, and field corrections to the geophysical guide. Every contribution is reviewed and attributed.
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DFI Institutions
Anonymised transaction terms and deal structure data. Expands the comparable transactions database that every DFI analyst on Afrimintel uses every day.
Independence guarantee: No contributor influences province scores, editorial content, or verification decisions. Contributed data is reviewed, tagged with source attribution, and published only after Afrimintel editorial review. Proprietary data is never published without explicit contributor consent.
Sub-Vertical · All Roles
Critical & Battery Minerals
IEA Global Critical Minerals Outlook 2025 · AEC State of African Energy 2026 · Brookings Foresight Africa 2026 — synthesised into Afrimintel province context.
Source: IEA Global Critical Minerals Outlook 2025 Sourced · Three scenarios reflect different policy ambitions
AFRICA SUPPLY POSITIONS — 2024
Source: AEC State of African Energy 2026 Sourced · USGS Mineral Commodity Summaries 2024 Sourced
AFRICAN POLICY FRAMEWORK CONTEXT
Afrimintel's critical minerals coverage is anchored to the demand-side regulatory architecture below (EU Battery Passport, EU Due Diligence, US IRA §30D), but operates within — and acknowledges — the continental policy frameworks that articulate Africa's own positioning in critical minerals value chains.
FEB 2025 · AGMS — AFRICAN GREEN MINERALS STRATEGY
Crafted by the African Development Bank in 2023; adopted by the African Union at the 38th Ordinary Session of the AU Assembly in February 2025. Articulates Africa's positioning in green mineral value chains (cobalt, lithium, copper, manganese, nickel, graphite, rare earths) amid the global energy transition; argues for downstream value retention as exit from the primary commodity trap. Implementation through AU member states is in early stages. [Sourced — AU Assembly adoption Feb 2025; African Green Minerals Observatory + AMDC primary sources]
Adopted by the African Union Ministers of Mineral Resources Development in 2016. Developed through the African Minerals Development Centre (AMDC), originally hosted at UNECA; AMDC officially handed over to the AU in February 2019 and is now a specialized AU agency. AMGF designed as the monitoring instrument for AMV implementation. [Sourced — AU / AMDC]
FEB 2009 · AMV — AFRICA MINING VISION
Adopted by African Heads of State at the February 2009 African Union Summit. Foundational continental framework for mineral-sector governance, value addition, and structural transformation of African mining economies. Implementation has been mixed across AU member states; multiple academic and civil-society assessments document significant gaps between framework ambition and on-ground operational impact. [Sourced — AU Feb 2009 summit]
Acknowledgement, not endorsement. Afrimintel does not claim formal alignment with, partnership status under, or endorsement by AGMS, AMGF, or AMV. These frameworks are referenced as the recognised continental institutional architecture within which African critical-minerals questions are framed. Implementation of all three faces substantive challenges documented in academic and civil-society literature; Afrimintel's province scoring reflects observed governance and value-chain conditions rather than asserted framework adoption. The Western demand-side regulatory clock below is the binding capital-side constraint on the timeframe; the continental framework above is the binding policy-side context. Both matter.
THE REGULATORY CLOCK — WHY 2026–2027 MATTERS FOR AFRICAN CRITICAL MINERALS
Three dated regulatory events now anchor demand for provenance-grade African critical mineral intelligence. Capital decisions on African assets need defensible methodology before these thresholds bite.
18 FEB 2027 · EU BATTERY PASSPORT
EU Battery Regulation (Reg 2023/1542): all EV and industrial batteries >2 kWh on the EU market must carry a digital battery passport accessible via QR code. Cobalt, lithium, and nickel provenance documented back to mine level. [Sourced — Reg (EU) 2023/1542]
18 AUG 2027 · EU DUE DILIGENCE
EU Battery Regulation supply-chain due diligence obligations enter effect (postponed from 18 Aug 2025 via Regulation (EU) 2025/1561). Operators must demonstrate supply-chain risk management on cobalt, lithium, nickel, and natural graphite. [Sourced — Reg (EU) 2025/1561]
TAX YEAR 2027 · IRA §30D
US Inflation Reduction Act Section 30D raises the critical-minerals sourcing threshold to 80% (70% in 2026, 90% in 2028, 100% thereafter). Qualifying vehicles must source 80% of critical mineral value from the US, FTA countries, or recycled in North America. FEOC restrictions already in effect from 2025. [Sourced — IRS Final Regulations; Federal Register 2024]
Where Afrimintel fits. Afrimintel does not issue battery passports or mine-site certifications. Battery passports are issued by economic operators under EU rules, audited by notified bodies. Mine-site assurance sits with independent bodies like IRMA, SGS, Bureau Veritas, and regulated chain-of-custody systems. Afrimintel is the upstream intelligence layer: consolidated, methodologically disclosed, audit-logged. The capital decision of which African assets to back happens before the passport or certification layer applies to a specific shipment or site. Afrimintel is built for that decision.
BATTERY CHEMISTRY DECODER
Which minerals go into which battery type — and what that means for African province relevance.
Source: IEA Global Critical Minerals Outlook 2025 Sourced