Prem20 Dec 2022 01:34
As the company gets closer to production it is evident that the main drive is isolating spodumene.
In my interpretation spodumene is the key to determining how much money the pilot plant will make.
The new ground remains open to the north and south of Zulu.
Mr. Roaches two favorite words appear to be "targeted" and "efficiency", this is how he wishes the pilot plant to be operated,very little mining waste.
According to Mr. Roach, he wishes to build a very efficient mining operation bringing the pilot plant to production and making money as soon as possible, this he describes as his number one priority.
Once the debt has been cleared Premier will be looking at expansion and will be willing to open negotiations with investors. Premier appears keen to enhance the facilities at the pilot plant with the view of increasing capacity/production.
The other attribute of the plant will be to assist in preparing the enlarged DFS.
The advanced technical solutions encompassed within the pilot plant will produce a higher standard of data on recoveries, costs etc. A larger more accurate DFS report.
Would like more statements like this;
George Roach, CEO commented, "I am pleased to share further important assay results from Zulu, and more so to report that within the main pegmatite ore body, all indications point to the mineralization being almost exclusively spodumene with little to no petalite and equally low contained micaceous mineralization carrying any lithium. The effect of this is that lithium reported in the intersections below is contained in spodumene, and the extension thereto is that lithium reported in our resource statements related to the main ore body is indicative of the spodumene content. Whilst the pilot plant will need to demonstrate the recoveries, test work completed in 2017 by Anzaplan, indicated an 80% plus recovery. In effect, it will be possible to draw a direct relationship between the lithium contained in the deposit and the gross contained spodumene.
Zulu has been labeled as potentially the largest hard rock lithium mine in Zimbabwe and beyond.
We will soon find out.
Acker