Premier African Minerals Ltd - southern Africa-focused miner - Formally granted exclusive prospecting order number 1779 over area which encompasses Zulu lithium and tantalum claims in Fort Rixon, Zimbabwe, for period of three years from March 2021 to 2024.
"I am deeply appreciative of the Zimbabwe government for the granting of this substantial EPO and Premier will reciprocate with mobilization for the commencement of the definitive feasibility study on the Zulu deposit which has an estimated completion time of 14 months. The EPO area is described in more detail below, and it is important that there are further known lithium bearing pegmatites offering upside to Zulu as well as historic small gold mines, potential molybdenite and many scheelite occurrences within the area," notes Chief Executive George Roach.
Current stock price: 0.27 pence, closed up 8.4% on Friday
Year-to-date change: up sharply from 0.050p
By Dayo Laniyan; dayolaniyan@alliancenews.com
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Premier African Minerals (PREM)