The repayment-source diligence a DFI runs. Gold (9 of 13) sells into a deep, liquid spot market — no offtake-counterparty risk, repayment exposure is simply the gold price, which is a strength not a gap. The differentiated cases are the specialty / strategic commodities: Colluli (binding EuroChem take-or-pay, Danakali-era), Ewoyaa (~50% strategic-partner offtake, counterparty to reconcile), Kurmuk (Wheaton gold stream), Ngualla (Shenghe route-to-market), Kabanga (in-country refining).
The bold screen line on each card is an Afrimintel synthesis (Derived) of the sourced cells beneath it, not a separate datum. N/A = the axis does not apply (e.g. offtake-counterparty for liquid-spot gold).
Afrimintel's Editor-in-Chief holds two positions in the Great Lakes region: Honorary Consul of Rwanda in Mauritius, and Chairman of MUA Insurance Rwanda. Neither role involves mining, mineral assets, or any company appearing in this layer, and neither carries any interest in the outcome of any record in it. They are disclosed here because this layer carries records on jurisdictions to which those positions relate, which makes them material to a reader assessing those records. Coverage and treatment of these jurisdictions are on the same terms as every other jurisdiction; the positions constrain who Afrimintel transacts with, not what it publishes. See /methodology/independence/ §7. Independence Policy §7.
| Asset | Country | Operator | commodity market | offtake structure | counterparty | pct committed | record note |
|---|---|---|---|---|---|---|---|
| Colluli (SOP potash) | Eritrea | CMSC — SRBG 50% / ENAMCO 50% | Sulphate of potash (SOP), a chloride-free specialty fertiliser. DFS assumed an average forecast SOP price of US$572/t FOB Massawa across Phase I and Phase II, with Phase I annualised production of 425 kt SOP rising to 850 kt after Phase II. Mine gate cash costs US$168/t (Phase I) and US$141/t (Phase I+II); total cash costs including logistics and royalties US$255/t and US$227/t. (Sourced · Danakali ASX 'Colluli DFS results' 30 Nov 2015 and 'Colluli DFS Results Presentation' 2 Dec 2015 (both preserved, archive/bytes/)) | Binding take-or-pay offtake for up to 100% of Module I SOP — strong repayment-source structure (Sourced · Danakali / AidData (EuroChem agreement, Jun 2018)) | EuroChem Trading GmbH (Sourced · Danakali, Jun 2018) | Up to 100% of Module I (Sourced · Danakali, Jun 2018) | — |
| Ewoyaa (lithium) | Ghana | Atlantic Lithium (MIIF state equity) | Spodumene lithium — volatile price cycle (lithium drawdown since 2023); demand-strong but price-soft market (Derived · general lithium-market context (price drawdown since 2023)) | Offtake for ~50% of production tied to the strategic partner; remainder open (Derived · Piedmont/strategic-partner disclosure) | Strategic partner (Piedmont historically; current identity to reconcile) (Derived) | ~50% of production (per the strategic-partner agreement) (Derived · strategic-partner disclosure) | — |
| Kurmuk | Ethiopia | Allied Gold (KGM ~70%) | Gold — deep, liquid global market; sold at spot via refiners. No offtake-counterparty risk, but the market risk is unhedged gold-PRICE exposure, which is sized in the debt-sizing / DSCR layer, not eliminated (Derived · general gold-market context (commodity class)) | Wheaton Precious Metals US$175m gold STREAM — a contractual PRIOR CLAIM on a defined share of gold production (delivered at a reduced fixed price over LoM); not senior debt, but it reduces the gold available to service lenders (Sourced · Allied / Wheaton, 5 Dec 2024) | Wheaton Precious Metals International (Sourced · Allied / Wheaton, 5 Dec 2024) | A defined stream percentage of gold (not 100%); balance sold at spot (Derived · Wheaton stream terms) | — |
| Ngualla (rare earths) | Tanzania | Mamba / Peak Rare Earths 84% / GoT 16% | NdPr rare earths — opaque, China-dominated processing/pricing; limited price transparency (Sourced · industry / Peak Rare Earths) | Offtake / processing relationship implied by Shenghe as strategic shareholder (China's largest REE processor) (Derived · Peak Rare Earths / Shenghe) | Shenghe Resources (Singapore) Pte. Ltd., wholly owned subsidiary of Shenghe Resources Holding Co., Ltd. (SSE: 600392) — since Sep 2025 also 100% owner of Peak Rare Earths (Sourced · Peak Rare Earths ASX announcement 'Peak and Shenghe Sign a Binding Offtake Agreement and a Non-Binding Strategic EPC and Funding MOU for Ngualla', 9 Aug 2023; Peak Rare Earths ASX announcement 'Scheme consideration increased and declared best and final', 5 Sep 2025) | 100% of rare earth concentrate, binding take-or-pay, initial seven-year term; at least 50% of any future intermediate/separated products; executed 8 Aug 2023; conditions precedent (incl. Tanzanian Mining Commission approval) satisfied June 2024 (Sourced · Peak Rare Earths ASX announcement 'Peak and Shenghe Sign a Binding Offtake Agreement and a Non-Binding Strategic EPC and Funding MOU for Ngualla', 9 Aug 2023; Peak Rare Earths ASX announcement 'Binding Offtake Agreement Conditions Precedent Satisfied' (June 2024; Tanzanian Mining Commission and shareholder approvals)) | — |
| Kabanga Nickel | Tanzania | Lifezone Metals / Tembo Nickel | Class-1 nickel — LME-traded; battery-demand-strong but nickel-price-soft cycle (Sourced · industry / Lifezone) | In-country refining (Lifezone hydromet) targets refined nickel rather than concentrate export; a specific binding offtake is not sourced (Derived · Lifezone disclosure) | Absent (Absent · not-disclosed) | Binding: 0% disclosed. Indicative, non-binding terms received for 100% of the intermediate product (as at 18 Jul 2025) (Sourced · Lifezone Metals release 'Files the Feasibility Study Technical Report Summary for the Kabanga Nickel Project in Tanzania', 18 Jul 2025 (Business Wire); FS-TRS Rev C.1, EDGAR Exhibit 96.1, filed 18 Jul 2025 §16.4 Concentrate Marketing) | — |
| Baomahun | Sierra Leone | FG Gold (private) | Gold — deep, liquid global market; sold at spot via refiners. No offtake-counterparty risk, but the market risk is unhedged gold-PRICE exposure, which is sized in the debt-sizing / DSCR layer, not eliminated (Derived · general gold-market context (commodity class)) | None required — gold is sold to liquid markets (no take-or-pay offtake needed) (Derived · general gold-market convention (commodity class)) | — (Absent · not-applicable) | — (Absent · not-applicable) | — |
| Kone | Cote d'Ivoire | Montage Gold | Gold — deep, liquid global market; sold at spot via refiners. No offtake-counterparty risk, but the market risk is unhedged gold-PRICE exposure, which is sized in the debt-sizing / DSCR layer, not eliminated (Derived · general gold-market context (commodity class)) | None required — gold is sold to liquid markets (no take-or-pay offtake needed) (Derived · general gold-market convention (commodity class)) | — (Absent · not-applicable) | — (Absent · not-applicable) | — |
| Nyanzaga | Tanzania | Perseus Mining 80% / GoT 20% | Gold — deep, liquid global market; sold at spot via refiners. No offtake-counterparty risk, but the market risk is unhedged gold-PRICE exposure, which is sized in the debt-sizing / DSCR layer, not eliminated (Derived · general gold-market context (commodity class)) | None required — gold is sold to liquid markets (no take-or-pay offtake needed) (Derived · general gold-market convention (commodity class)) | — (Absent · not-applicable) | — (Absent · not-applicable) | — |
| Assafou | Cote d'Ivoire | Endeavour Mining | Gold — deep, liquid global market; sold at spot via refiners. No offtake-counterparty risk, but the market risk is unhedged gold-PRICE exposure, which is sized in the debt-sizing / DSCR layer, not eliminated (Derived · general gold-market context (commodity class)) | None required — gold is sold to liquid markets (no take-or-pay offtake needed) (Derived · general gold-market convention (commodity class)) | — (Absent · not-applicable) | — (Absent · not-applicable) | — |
| Doropo | Cote d'Ivoire | Resolute Mining | Gold — deep, liquid global market; sold at spot via refiners. No offtake-counterparty risk, but the market risk is unhedged gold-PRICE exposure, which is sized in the debt-sizing / DSCR layer, not eliminated (Derived · general gold-market context (commodity class)) | None required — gold is sold to liquid markets (no take-or-pay offtake needed) (Derived · general gold-market convention (commodity class)) | — (Absent · not-applicable) | — (Absent · not-applicable) | — |
| Twin Hills | Namibia | Shanjin International (acquired Osino) | Gold — deep, liquid global market; sold at spot via refiners. No offtake-counterparty risk, but the market risk is unhedged gold-PRICE exposure, which is sized in the debt-sizing / DSCR layer, not eliminated (Derived · general gold-market context (commodity class)) | None required — gold is sold to liquid markets (no take-or-pay offtake needed) (Derived · general gold-market convention (commodity class)) | — (Absent · not-applicable) | — (Absent · not-applicable) | — |
| Kokoseb | Namibia | Wia Gold 80% / Epangelo 20% | Gold — deep, liquid global market; sold at spot via refiners. No offtake-counterparty risk, but the market risk is unhedged gold-PRICE exposure, which is sized in the debt-sizing / DSCR layer, not eliminated (Derived · general gold-market context (commodity class)) | None required — gold is sold to liquid markets (no take-or-pay offtake needed) (Derived · general gold-market convention (commodity class)) | — (Absent · not-applicable) | — (Absent · not-applicable) | — |
| Kalana | Mali | Endeavour Mining (SOMIKA 80% / Mali 20%) | Gold — deep, liquid global market; sold at spot via refiners. No offtake-counterparty risk, but the market risk is unhedged gold-PRICE exposure, which is sized in the debt-sizing / DSCR layer, not eliminated (Derived · general gold-market context (commodity class)) | None required — gold is sold to liquid markets (no take-or-pay offtake needed) (Derived · general gold-market convention (commodity class)) | — (Absent · not-applicable) | — (Absent · not-applicable) | — |
| Kasiya (rutile-graphite) | Malawi | Sovereign Metals (Rio Tinto 19.9%) | Natural rutile (structural Ti-feedstock deficit) + flake graphite (battery anode; China-dominated processing) — two distinct critical-mineral markets (Sourced · Sovereign / Crux) | Offtake discussions ongoing; Toho Titanium validated rutile quality (Jun 2025) but no binding offtake signed (Derived · Sovereign 2025 Annual Report) | — (Absent · not-yet-verified) | — (Absent · not-yet-verified) | — |
| Etango (uranium) | Namibia | Bannerman Energy / CNNC (CNOL) JV | Uranium — recovering price amid supply deficit; sells East or West; +28% demand 2023-2030 (WNA) (Sourced · Oregon Group / WNA) | Binding — CNOL (CNNC) purchases 60% of production; Bannerman markets 40%; plus select North-American utility offtakes (base-price + US-GDP-deflator escalation) (Sourced · Africa Outlook 2026 / Extractor Sep 2025) | CNNC via CNOL (60%) + select North-American utilities (Sourced · Africa Outlook / Extractor) | ~60% to CNOL + select utility volumes; ~40% Bannerman-marketed (Sourced · Africa Outlook 2026) | — |
| Mahenge (graphite) | Tanzania | Black Rock Mining 84% / GoT 16% | Natural flake graphite (battery anode) — emerging deficit; China refines >90% of battery-grade material (Sourced · Stockhead / Mining Review) | Binding — POSCO 30ktpa Module-1 fines (LOM) + 100% of Module-2 fines; ~95% of Module-1 volume contracted across offtakers (Sourced · Black Rock / Faru / Stockhead) | POSCO International (Korea) lead; plus two Chinese counterparties and large-flake customers (Sourced · Stockhead) | ~95% of Module 1 contracted (Sourced · Stockhead) | — |
| Songwe Hill (rare earths) | Malawi | Mkango Resources (GoM 10%) | NdPr rare earths — China-dominated processing; strong magnet-demand outlook, opaque pricing (Sourced · Mkango / Adamas) | Vertically integrated — MREC feeds Mkango's own planned Pulawy separation plant (Poland); not a third-party binding offtake (Sourced · Mkango DFS) | Pulawy separation plant (Mkango / Grupa Azoty collaboration) — captive/integrated (Derived · Mkango) | Songwe MREC slated as ~45% of Pulawy feed in its first five years (Derived · Mkango DFS) | — |
| Tumas (uranium) | Namibia | Deep Yellow (Oponona 5% post-FID) | Uranium — long-term contract market described by the operator as 'broken'; price-recovery-dependent (Sourced · Mining.com Apr 2025) | None yet — securing long-term offtake contracts is an explicit stated FID pre-condition (Sourced · Mining-technology / WNN) | — (Absent · not-yet-verified) | — (Absent · not-yet-verified) | — |
| Kangankunde (rare earths) | Malawi | Lindian Resources (RVR 67%->100%) | NdPr monazite concentrate — magnet REE; China-dominated processing; 2025 price softening (Sourced · Discovery Alert / Lindian) | Binding — Iluka Resources 15-year offtake (90,000t / ~6,000tpa to Eneabba refinery, WA) WITH a floor price above production cost; plus Gerald Metals 45,000t/60-month contract (Sourced · Rare Earth Exchanges / mining-technology) | Iluka Resources (ASX; Eneabba refinery, Australia) + Gerald Metals (Gerald Group) (Sourced · mining-technology) | Iluka 90,000t over 15 years + Gerald 45,000t over 60 months (Sourced · mining-technology) | — |
| Makuutu (heavy rare earths) | Uganda | Ionic Rare Earths / RRM (~6% local) | Heavy REE (Dy/Tb) + scandium — scarce non-China supply; China's 2025 export controls tighten access (demand-supportive) (Sourced · rare-earth-mining.com) | None binding yet — demo-plant MREC samples supporting offtake discussions with MSP members; no product committed to China (Sourced · rare-earth-mining.com) | — (Absent · not-yet-verified) | — (Absent · not-yet-verified) | — |
| Kobada (gold) | Mali | Toubani Resources ~90% / Mali 10% | Gold — deep, liquid global market; sold at spot via refiners. No offtake-counterparty risk, but unhedged gold-PRICE exposure is the market risk, sized in debt-sizing (Derived · general gold-market context (commodity class)) | Gold sold at spot; PLUS an EEA gold STREAM over 11.1% of production at 20% of spot — a contractual prior claim on that share of gold (not senior debt) (Sourced · Mining Weekly Oct 2025) | Eagle Eye Asset Holdings (EEA) — for the gold stream (also ~35% shareholder) (Sourced · Mining Weekly) | EEA stream over 11.1% of gold production; balance sold at spot (Sourced · Mining Weekly) | — |
| Banio (potash) | Gabon | Millennial Potash (US DFC-backed) | Muriate of potash (MOP) — globally traded fertiliser; Atlantic-coast logistics advantage (Mayumba port) (Sourced · Millennial) | None yet — high-purity-salt and MOP marketing studies underway within the DFS (Sourced · Millennial Jan 2026) | — (Absent · not-yet-verified) | — (Absent · not-yet-verified) | — |
| Epanko (graphite) | Tanzania | EcoGraf / TanzGraphite | Natural flake graphite (battery-anode feedstock) — ex-China supply premium; basket US$1,746/t (real 2025) per BFS (Sourced · EcoGraf BFS / TanzaniaInvest) | Binding + in-principle offtake covering ~40,000 tpa of 73,000 tpa (~55%); incl. ThyssenKrupp Metallurgical Products (Germany); ~20,000 tpa more expected to convert once in production (Sourced · Goldinvest / EcoGraf) | ThyssenKrupp Metallurgical Products GmbH (Germany) + existing customer relationships (Sourced · Goldinvest) | ~40,000 tpa binding/in-principle of 73,000 tpa (~55%); ~20,000 tpa more to follow (Sourced · EcoGraf BFS) | — |
| Dugbe (gold) | Liberia | Pasofino Gold / HRL (GoL 10% free-carry) | Gold — deep, liquid global market; sold at spot. Unhedged gold-PRICE exposure is the market risk (Derived · general gold-market context (commodity class)) | Gold sold at spot; no offtake/stream structure noted (Sourced · Pasofino) | — (Absent · not-yet-verified) | — (Absent · not-yet-verified) | — |
| Sanankoro (gold) | Mali | Cora Gold (EEA 29.9%) / Mali 10% | Gold — deep, liquid global market; sold at spot. Unhedged gold-PRICE exposure is the market risk (Derived · general gold-market context (commodity class)) | Gold sold at spot; EEA gold STREAM over 30.44% of production (15.22% if half replaced by debt) at 20% of spot — prior claim, not senior debt (Sourced · Mining-technology / Sharecast) | Eagle Eye Asset Holdings (EEA) — gold-stream counterparty (also 29.9% shareholder; also Kobada's funder) (Sourced · Sharecast) | EEA stream over 30.44% of production (or 15.22% if half converted to debt); balance at spot (Sourced · Mining-technology) | — |
| Chilalo (graphite) | Tanzania | Evolution Energy Minerals (ARCH cornerstone) | Natural flake graphite — coarse (expandable/foil) + fine (battery anode); basket ~US$1,614/t; China-concentrated processing (Sourced · Proactive / EV1) | Binding coarse-flake offtake with YXGC (China) ~30,000 tpa over 3 yrs (~56% of early coarse production); fine flake INTENTIONALLY uncontracted for planned US downstream CSPG (Sourced · Crux Investor / EV1) | Yichang Xincheng Graphite Co (YXGC), China (coarse flake) (Sourced · Crux Investor / mining-technology) | ~30,000 tpa coarse (~56% of early production) bound to YXGC; fine flake (~42%) uncontracted by design (Sourced · Innovation News / EV1) | — |
| Mingomba (copper) | Zambia | KoBold Metals 80% / ZCCM-IH 20% | Copper concentrate — globally traded; Zambian smelting network (Kansanshi etc.) uneven; impurity penalties possible (Sourced · African Mining Market Apr 2026) | None yet — domestic-smelter / cross-border / cathode options under consideration; offtake strategy a future de-risking item (Sourced · African Mining Market) | — (Absent · not-yet-verified) | — (Absent · not-yet-verified) | — |
| Phalaborwa (rare earths) | South Africa | Rainbow Rare Earths (US-DFC/TechMet-backed) | Separated NdPr oxide + SEG+ mixed REE (Dy/Tb/Y) — magnet & heavy-REE markets; China-concentrated processing; HREE export-controlled (Sourced · Rainbow / Ecora) | None binding yet (pre-DFS); economic model to incorporate full REE basket (incl yttrium) at DFS (Sourced · Rainbow / Mining Weekly) | — (Absent · not-yet-verified) | — (Absent · not-yet-verified) | — |
| Kola (potash) | Republic of Congo | Kore Potash (97%) | Muriate of Potash (MoP) — globally traded fertiliser; coastal (35km) with own jetty; low-cost-producer potential (mine-gate ~US$74.94/t) (Sourced · Kore Optimised DFS / bitget) | None binding cited; 2.2 Mtpa MoP for global fertiliser markets (Sourced · Kore) | — (Absent · not-yet-verified) | — (Absent · not-yet-verified) | — |
| Waterberg (PGM) | South Africa | Platinum Group Metals Ltd / Implats / HJ / Mnombo(BEE) | PGM concentrate (4E: Pt/Pd/Rh/Au) — traded; SA smelter capacity required; near-zero chrome aids smelter payability (Sourced · newsfilecorp Sep 2024) | Implats holds a FIRST-RIGHT-OF-REFUSAL for concentrate/smelter offtake; Hanwa markets refined metal — ROFR/in-discussion, not committed volume (Sourced · PTM / newsfilecorp) | Implats (ROFR, SA smelter); Hanwa (metal marketing); SA smelters / possible Saudi BMR (Sourced · PTM) | — (Absent · not-yet-verified) | — |
| Longonjo (rare earths) | Angola | Pensana Plc (FSDEA ~29%) | Mixed rare earth carbonate (MREC) — NdPr-rich midstream product; ex-China premium; US/allied mine-to-magnet demand (Sourced · metalnomist / Crux Investor) | Contracted VAC (Germany) 5-year MREC offtake to eVAC Magnetics (South Carolina); plus ReElement (US) up to 20,000 tpa; Toyota Tsusho MOU (non-binding) (Sourced · metalnomist / DFC) | Vacuumschmelze (VAC, Germany / South Carolina); ReElement Technologies (US); Toyota Tsusho (MOU) (Sourced · metalnomist / DFC) | VAC 5-yr offtake + ReElement up to 20,000 tpa against Stage-1 20,000 tpa MREC — material coverage; Toyota Tsusho MOU adds optionality (Sourced · metalnomist) | — |
| K.Hill (battery manganese) | Botswana | Giyani Metals (100%) | Battery-grade HPMSM + HPMO (+ saleable by-product) — specialty battery-materials market; tight ex-China supply; demand into deficit ~2029 (Sourced · Giyani DFS / nai500) | None binding yet — product validated with C4V (Phase-2); per-customer qualification required before bankable offtake (Sourced · Giyani / Proactive) | C4V (battery test partner, not an offtaker); strategic-partner discussions ongoing (Sourced · Proactive) | — (Absent · not-yet-verified) | — |
| Minim Martap (bauxite) | Cameroon | Canyon Resources / Camalco (Camrail 26.9%) | Bauxite — liquid seaborne market; premium grade (51% Al2O3 / <2% silica) commands ~US$10-15/t over Guinea standard; demand ~3.5%/yr (Sourced · Crux Investor / Business in Cameroon) | None binding BY DESIGN — spot-first to prove quality, then term offtake from strength; AFG debt did not require offtake (Sourced · Crux Investor / Canyon) | Spot-market buyers initially; aluminium-refinery customers targeted for term offtake post-first-shipment (Sourced · Canyon / AL Circle) | — (Absent · not-yet-verified) | — |
| Steelpoortdrift (vanadium) | South Africa | Vanadium Resources (VR8) 86.49% | Vanadium — V2O5 flake/powder (98% steel-grade, 99.5% VFB-grade); China/Russia dominate supply; ex-China/Russia premium pathway to the US (USV/TechMet) (Sourced · Discovery Alert / VR8) | BINDING DSO offtake (CPAL, 100k tpm) for near-term cashflow; NON-BINDING USV term sheet for 100% of V-Iron-Plant slag (binding pending V-Iron FS; USV right-to-match 20%); CEIG partly-binding MoU (Sourced · mining.com.au / Discovery Alert) | China Precious Asia (CPAL, binding DSO); US Vanadium/TechMet (USV, slag term sheet); CEIG (MoU) (Sourced · mining.com.au / Discovery Alert) | USV term sheet = 100% of V-Iron-Plant slag (non-binding); CPAL = 100k tpm DSO (binding); final V2O5 product offtake to be finalised (Sourced · Discovery Alert) | — |
| Dasa (uranium) | Niger | Global Atomic via SOMIDA (Niger govt 20%) | U3O8 (yellowcake) — globally traded nuclear fuel; ~US$80-90/lb (highest since 2007); forecast supply deficit (Sourced · mining.com) | ~90% of offtake contracted to US nuclear utilities — multiple DEFINITIVE multi-year agreements (e.g. 2.1Mlb, 3.5Mlb windows) + LOIs; ~1.3Mlb/yr contracted (Sourced · Crux Investor / mining.com / Global Atomic) | Major North American / US nuclear utilities (multiple; names not all disclosed) (Sourced · Global Atomic / Crux Investor) | ~90% of offtake volume contracted/negotiated to US utilities (Sourced · Crux Investor) | — |
| Baniaka (iron ore) | Gabon | Genmin (100%) | Iron ore — deep, liquid seaborne market; China-driven; Simandou's start reinforced Chinese appetite for African iron ore (Sourced · Ecofin) | 4x NON-BINDING offtake MoUs with major Chinese steelmakers (extended); SHICO LOI includes offtake placement; commodity-trader prepayment draft (~US$50m) — no binding offtake (Sourced · Sharecafe / Ecofin / nextinvestors) | Major Chinese steelmakers (4 MoUs); SHICO (Sino-Hunan); a global commodity trader (prepayment draft) (Sourced · Ecofin / nextinvestors) | — (Absent · not-yet-verified) | — |
| Kanyika (niobium) | Malawi | Globe Metals & Mining (100%) | Niobium pentoxide (+ tantalum) — concentrated global market (Brazil/CBMM ~dominant); strong non-Brazil supply-security pull; high-purity (>99%) oxides (Sourced · Discovery Alert / Globe) | NON-BINDING MoU with Myst Trading (Phase-1, renewed annually); prefers long-term strategic partners; offtake conversion in progress (Sourced · mining.com.au / Globe) | Myst Trading (non-binding MoU); target markets Japan/Europe/Americas (Sourced · mining-technology / Globe) | — (Absent · not-yet-verified) | — |
| Vara Mada / Toliara (mineral sands + REE) | Madagascar | Energy Fuels (100%) | Ilmenite (Ti) + zircon (Zr) — liquid mineral-sands markets; monazite (REE) — strategic ex-China magnet feedstock (Sourced · mining.com / Energy Fuels) | Vertically integrated — monazite to Energy Fuels' own White Mesa Mill (Utah) for REE separation; Ti/Zr into liquid markets (TZMI pricing) (Sourced · Energy Fuels / mining.com) | Energy Fuels White Mesa Mill (captive, for monazite/REE); mineral-sands market buyers (Ti/Zr) (Sourced · Energy Fuels) | Monazite stream captive to own US mill (up to ~85% US heavy-REE demand); Ti/Zr to liquid markets (Sourced · mining.com) | — |
| Farim (phosphate) | Guinea-Bissau | Itafos (100%) | Phosphate rock — liquid global fertiliser market; high-grade (30% P2O5) with low minor-element ratio commands quality interest (Sourced · Itafos FS / GB Minerals) | None binding — concentrate samples provided to potential customers; export to global fertiliser buyers (Sourced · GB Minerals / Itafos) | — (Absent · not-yet-verified) | — (Absent · not-yet-verified) | — |
| Boumadine (polymetallic Au-Ag-Zn-Pb) | Morocco | Aya Gold & Silver (operates Zgounder) | Separate zinc, lead and pyrite concentrates carrying payable gold/silver -> standard smelter markets; gold/silver are liquid but here carried in concentrate (not doré) (Sourced · Aya / Morocco World News) | None yet (PEA-stage); concentrate offtake/smelter terms to be arranged at FS; near-term legacy-stockpile reclaim sales (~2.5Moz AgEq) (Sourced · Aya / Morocco World News) | — (Absent · not-yet-verified) | — (Absent · not-yet-verified) | — |
| Lofdal (heavy rare earths) | Namibia | Namibia Critical Metals 95% (JOGMEC JV) | Heavy-REE mixed oxide (Dy/Tb/Y-rich; ~40-50% yttrium) — acutely supply-constrained ex-China; premium pricing (Tb >US$1,000/kg, Dy ~US$250-660/kg) (Sourced · Crux Investor / NCMI PFS) | JOGMEC holds a ROFR to PURCHASE ALL PRODUCTION at market prices; JOGMEC-Iwatani -> Carester/Caremag (France) HREE separation pathway — strong Japan-aligned route (ROFR, not committed binding offtake) (Sourced · NCMI / Crux Investor) | JOGMEC / Japanese industry (purchase-all ROFR); Carester/Caremag (separation) (Sourced · NCMI / Crux Investor) | JOGMEC purchase-all ROFR covers 100% of production (optionality); separation pathway via Carester (Sourced · NCMI) | — |
| Haib (copper-moly-gold porphyry) | Namibia | Koryx Copper (100%) | Copper (Cu/Mo concentrate + potential Cu cathode) — deep, liquid LME-priced markets; molybdenum + gold credits (Sourced · Koryx / African Mining Market) | None yet (PEA-stage); copper concentrate/cathode is highly saleable into liquid markets; offtake to be arranged at PFS/DFS (Sourced · Koryx) | — (Absent · not-yet-verified) | — (Absent · not-yet-verified) | — |
| Orom-Cross (graphite) | Uganda | Blencowe Resources (100%) | Natural flake graphite (premium coarse flake) + purified USPG (battery anode) — ex-China supply premium; 2025 graphite market in oversupply/weak pricing (a revenue-assumption risk) (Sourced · Blencowe / discoveryalert) | NON-BINDING offtakes covering ALL Phase-1 volumes (convert to binding on P1 financing); PAM (19kt/5yr, Western) + Qingdao TaiDa (5ktpa); captive in-country USPG facility takes up to ~50% of concentrate (Sourced · Blencowe DFS / intellinews) | PAM (Perpetuus Advanced Materials, UK), Qingdao TaiDa Carbon (China); captive Blencowe USPG facility (Gulu) (Sourced · intellinews / Blencowe) | All Phase-1 volumes covered by NON-BINDING offtakes (convert on financing); ~50% captive to own downstream (Sourced · Blencowe DFS) | — |
| Bankan (gold) | Guinea | Predictive Discovery (100%) | Gold dore -> deep, liquid spot market (no offtake required) (Sourced · Predictive Discovery / miningreview) | None required — gold doré sold at spot; ~250kozpa (Sourced · Predictive Discovery) | — (Absent · not-yet-verified) | Spot-liquid gold (no offtake exposure) (Derived) | — |
| Zanaga (iron ore) | Republic of Congo | Zanaga Iron Ore Co (100%) | High-grade DRI-grade iron-ore pellet feed (68%+ Fe) — premium green-steel/H2-DRI market segment; pricing differentiation above standard hematite (Sourced · discoveryalert / Zanaga) | None binding — Glencore legacy offtake removed on exit; Gulf Iron & Steel relationship early; no offtake agreement announced (Sourced · Ecofin / discoveryalert) | — (Absent · not-yet-verified) | — (Absent · not-yet-verified) | — |
| Muntanga (uranium) | Zambia | Atomic Eagle (100%; ex-GoviEx) | Uranium (U3O8) — term-contract market to Western and non-Western nuclear utilities; tight nuclear-fuel market (Sourced · African Mining Market / GoviEx) | None binding yet — discussions underway with potential off-takers; uranium typically sold under long-term utility contracts (Sourced · African Mining Market) | — (Absent · not-yet-verified) | — (Absent · not-yet-verified) | — |
| Bilboes (gold) | Zimbabwe | Caledonia Mining (100%) | Gold dore -> deep, liquid spot market (no offtake required) (Sourced · Caledonia) | None required (gold doré at spot); a put-option HEDGE (US$3,500/oz floor on ~3,000 oz/month, 2026-2028, on Blanket) underpins funding (Sourced · stocktitan / Caledonia) | — (Absent · not-yet-verified) | Spot-liquid gold; price floor hedged to support lenders (Derived) | — |
| Douta (gold) | Senegal | Thor Explorations (100%) | Gold dore -> deep, liquid spot market (no offtake required) (Sourced · mining-technology) | None required (gold doré at spot) (Sourced · mining-technology) | — (Absent · not-yet-verified) | Spot-liquid gold (no offtake exposure) (Derived) | — |
| Bekisopa (iron ore) | Madagascar | AKORA Resources (100%) | DSO iron ore (lump + fines, ~61.6% Fe) to BF-BOF steelmakers; Stage-2 +68% Fe concentrate would target DRI/green-steel buyers (Sourced · Akora / smallcaps) | None binding — DSO product to blast-furnace steelmakers via Toliara port; marketing underway (Sourced · Akora / minedocs PFS) | — (Absent · not-yet-verified) | — (Absent · not-yet-verified) | — |
| Enchi (gold) | Ghana | Newcore Gold (100%) | Gold dore -> deep, liquid spot market (no offtake required) (Sourced · Newcore) | None required (gold doré at spot) (Sourced · Newcore) | — (Absent · not-yet-verified) | Spot-liquid gold (no offtake exposure) (Derived) | — |
| Boundiali (gold) | Cote d'Ivoire | Aurum Resources (operator/owner) | Gold dore (CIL) -> liquid spot market; a DFS option is flotation concentrate to a roaster partner (refractory uplift) (Sourced · Aurum PFS) | None required for doré (spot); the flotation-concentrate route would involve offtake to an established roaster partner (a DFS option, not yet committed) (Sourced · Aurum PFS) | — (Absent · not-yet-verified) | Spot-liquid gold (doré); concentrate route optional (Derived) | — |
| Afema (gold) | Cote d'Ivoire | Turaco Gold (80%; Sodim 20%) | Gold dore -> deep, liquid spot market (no offtake required) (Sourced · Turaco PFS) | None required (gold doré at spot) (Sourced · Turaco PFS) | — (Absent · not-yet-verified) | Spot-liquid gold (no offtake exposure) (Derived) | — |
| TGME (gold) | South Africa | Theta Gold Mines (74%; 26% BEE) | Gold dore -> deep, liquid spot market (Sourced · miningreview) | None required for doré (spot); note a Sprott streaming agreement (US$70m) is a financing arrangement, not a marketing offtake (Sourced · Wikipedia) | — (Absent · not-yet-verified) | Spot-liquid gold (a streaming % accrues to Sprott as finance) (Derived) | — |
| Diamba Sud (gold) | Senegal | Fortuna Mining (100% via Boya SA) | Gold dore -> deep, liquid spot market (no offtake required) (Sourced · Fortuna) | None required (gold doré at spot) (Sourced · Fortuna) | — (Absent · not-yet-verified) | Spot-liquid gold (no offtake exposure) (Derived) | — |
| Bunyu (graphite) | Tanzania | Volt Resources (100%; UOF 62% pending) | Natural flake graphite (coarse + fine) -> battery-anode + refractory/industrial buyers; price-volatile, China-dominated market (Sourced · marketscreener / tanzaniainvest) | None binding — offtake negotiations ongoing; >=80% bankable offtake is a UOF condition precedent (Sourced · miningweekly / proactiveinvestors) | — (Absent · not-yet-verified) | — (Absent · not-yet-verified) | — |
| Ancuabe (graphite) | Mozambique | Triton Minerals (80%; Moz govt 10%) | High-purity large-flake graphite -> battery-anode + flame-retardant/refractory buyers (Sourced · mining.com.au) | Binding offtakes signed 2018 (Tianshengda ~16ktpa; Chenyang ~16ktpa 5+5yr) + non-binding Haida/Jinhui — but 2018-vintage, pre-dating long delays (Sourced · nsenergybusiness / mining-technology) | Chinese offtakers (Tianshengda, Chenyang) — 2018 contracts requiring reconfirmation given project delays (Sourced · nsenergybusiness) | ~half of ~60-70ktpa under 2018 binding contracts (to reconfirm) (Derived · nsenergybusiness) | — |
| Zandkopsdrift (REE + Mn) | South Africa | Frontier Rare Earths (IDC/Carester/Komir partners) | Magnet REE (NdPr/Dy/Tb) + battery-grade manganese -> ex-China western buyers (EU/Korea) (Sourced · prnewswire / discoveryalert) | Binding 7-year MHREC offtake with Carester (processed at Lacq, France); IDC option up to 10% (for SA downstream) (Sourced · prnewswire / engineeringnews) | Carester (France) — credible western separation specialist; IDC (SA DFI) option (Sourced · prnewswire) | 7-yr MHREC offtake (Carester) + IDC 10% option; NdPr marketing to be firmed in DFS (Derived · prnewswire) | — |
| Kandiole (gold) | Mali | Roscan Gold (100%) | Gold dore -> deep, liquid spot market (no offtake required) (Sourced · Roscan) | None required (gold doré at spot) (Sourced · Roscan) | — (Absent · not-yet-verified) | Spot-liquid gold (no offtake exposure) (Derived) | — |
| Steenkampskraal (REE + thorium) | South Africa | SMM (Holdings + Bora; IDC-funded) | Monazite concentrate (>50% TREO) -> rare-earth processors/buyers; longer-term separated oxides (Sourced · steenkampskraal / esi-africa) | Offtake discussions advanced with international partners — NOT yet binding (Sourced · steenkampskraal) | — (Absent · not-yet-verified) | — (Absent · not-yet-verified) | — |
| Balama Graphite | Mozambique | Natural flake graphite. Product suite SyrahCoarse / SyrahFlake80 / SyrahFlake100 / SyrahFine100 (+SyrahPowder <45 µm); life-of-mine plan weighted to ~80% fine flake (SyrahFine100) for the battery anode market. Long-term weighted average sales price assumption US$808/t CIF, stated as consistent with a Benchmark Mineral Intelligence long-term forecast as at November 2022. (Sourced · Syrah Resources ASX release 'Updated Balama Ore Reserve and Mineral Resource', 30 Mar 2023 (preserved, archive/bytes/)) | — | — (Absent · not-disclosed) | — | Row created 7 Sep 2026 to give this asset a record in this feed; every cell carries its own state and source. Absence of a row was not a statement that the fields were absent. |
Screen over 60 assets, including two in Uganda, recorded on the same terms as every other project under the editorial recusal (no editorial opinion) · source /api/v1/offtake.json · pipeline /api/v1/financeability.json · 2026-06-29 · v2.137.281 · every change on the record
Three-state: Sourced · Derived inferred / desk-level (method named) · Absent named, never filled · N/A axis does not apply.