RE: RNS20 Dec 2022 10:51
ZULU assays...
Zulu Assay Results and Pilot Plant Update
Premier African Minerals Limited ("Premier" or the "Company"), is pleased to report on assay results at Premier's Zulu Lithium and Tantalum Project ("Zulu"). These results are from boreholes that are located within the area planned to be mined under operation of the Pilot Plant and will constitute a portion of the Mineral Resource update required to support the DFS.
Highlights:
·
Multiple thick high-grade zones intersected.
·
Lithium-bearing mineral assemblage exhibits high spodumene content in the thickest pegmatite, north and south of the Machakwe river.
·
Consistent progress in construction of the Pilot Plant.
George Roach, CEO commented , "These assay results are further confirmation of the integrity of the ore body. At the same time, we continue to receive XRD analysis that supports our conclusions that the main pegmatite ore body is predominantly spodumene. To add context to this, when the source of Lithium contained in an ore body is 100% spodumene, a grade of 1% Li2O would indicate 12.5% pure spodumene and approximately 16% SC6 when recover is 100%. Whilst results, as they become available, will support new overall resource estimates, our single-minded focus at present is to bring the Pilot Plant to production and to be assured that we are able to consider early upgrades to that plant to both increase spodumene production and exploit the range of by-product potential that includes tantalum.
Progress at the mine site is good and delivery of components is ongoing. Festive season delays are largely being managed and work is likely to continue throughout the festive season with small break times on a rotational basis. Civil support construction both at the plant site and the main masonry arch dam progresses very well despite all the attempts of our wet season to interfere and we remain on target to produce spodumene in Q1 2023. Our management team and our team at site, JRG Construction, our civils contractor, and Stark Resources our plant manufacturers and suppliers remain deeply committed to this project and the individual sacrifices of so many are noted and appreciated. This project would not be at this stage without the support and commitment we have received from Suzhou TA&A Ultra Clean Technology Co., Ltd. ("Suzhou TA&A"), and we remain deeply appreciative of that. Suzhou TA&A have met their funding undertakings in full.
https://www.investegate.co.uk/premier-african-min--prem-/rns/zulu-assay-results-and-pilot-plant-update/202212200800023003K/
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