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Pin to quick picksPremier African Minerals Regulatory News (PREM)

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Zulu Lithium Update

3 Apr 2023 10:00

RNS Number : 1279V
Premier African Minerals Limited
03 April 2023
 

3 April 2023

Premier African Minerals Limited

 

Zulu Lithium Update

Premier African Minerals Limited ("Premier" or the "Company"), provides an update on the first production at Zulu Lithium and Tantalum Project ("Zulu").

George Roach, CEO commented, "Two issues have delayed production this past weekend. The first is one final approval from a Zimbabwean authority who is working closely with Zulu to ensure that the approval is provided as soon as possible.

The second is the late delivery of one outstanding reagent. This was short-ordered due to an error on the part of the plant supplier as announced on the 29 March 2023. The reagent is freely available but not in Africa and complications related to airfreight of a chemical substance has caused this delay. It must be noted that the delay on this reagent does not necessarily stop the production of spodumene, however it will affect the grade of spodumene concentrate produced.

We believe that the above issues will be resolved in the coming days and will update the market thereafter."

Floatation for concentration of Spodumene.

 

The flowsheet for spodumene production in simplified terms requires that the ROM ore is milled to less than 200 micron and then processed in the floatation circuits. The ore contains a mica rich component that includes lepidolite and this should be removed in the first stages of the floatation process. The material that is free of the mica component is then passed to the spodumene floatation circuit that will normally produce SC6. The missing reagent is essential for the recovery and concentration of the mica/lepidolite fraction.

 

Whilst the mica circuit can be completely bypassed, the concentrate grade that would be achieved in the spodumene circuits would be lower than 6% and would contain contaminants. Whilst likely saleable in the present environment, this is not what Zulu intends to produce.

 

The person who arranged the release of this announcement on behalf of the Company was George Roach.

Enquiries:

 

George Roach

 

Premier African Minerals Limited

 

Tel: +27 (0) 100 201 281

 

Michael Cornish / Roland Cornish

 

Beaumont Cornish Limited

(Nominated Adviser)

 

Tel: +44 (0) 20 7628 3396

John More/Toby Gibbs

 

Shore Capital Stockbrokers Limited

Tel: +44 (0) 20 7408 4090

 

Forward Looking Statements:

Certain statements in this announcement are or may be deemed to be forward looking statements. Forward looking statements are identied by their use of terms and phrases such as ''believe'' ''could'' "should" ''envisage'' ''estimate'' ''intend'' ''may'' ''plan'' ''will'' or the negative of those variations or comparable expressions including references to assumptions. These forward-looking statements are not based on historical facts but rather on the Directors' current expectations and assumptions regarding the Company's future growth results of operations performance future capital and other expenditures (including the amount. Nature and sources of funding thereof) competitive advantages business prospects and opportunities. Such forward looking statements reect the Directors' current beliefs and assumptions and are based on information currently available to the Directors. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements including risks associated with vulnerability to general economic and business conditions competition environmental and other regulatory changes actions by governmental authorities the availability of capital markets reliance on key personnel uninsured and underinsured losses and other factors many of which are beyond the control of the Company. Although any forward-looking statements contained in this announcement are based upon what the Directors believe to be reasonable assumptions. The Company cannot assure investors that actual results will be consistent with such forward looking statements.

 

Notes to Editors:

Premier African Minerals Limited (AIM: PREM) is a multi-commodity mining and natural resource development company focused on Southern Africa with its RHA Tungsten and Zulu Lithium projects in Zimbabwe.

 

The Company has a diverse portfolio of projects, which include tungsten, rare earth elements, lithium and tantalum in Zimbabwe and lithium and gold in Mozambique, encompassing brownfield projects with near-term production potential to grass-roots exploration. The Company has accepted a share offer by Vortex Limited ("Vortex") for the exchange of Premier's entire 4.8% interest in Circum Minerals Limited ("Circum"), the owners of the Danakil Potash Project in Ethiopia, for a 13.1% interest in the enlarged share capital of Vortex. Vortex has an interest of 36.7% in Circum.

 

In addition, the Company holds a 19% interest in MN Holdings Limited, the operator of the Otjozondu Manganese Mining Project in Namibia.

Glossary of Technical Terms:

"Lepidolite"

A pink to lavender coloured lithium bearing mineral (KLi2Al(Si4O10)(F,OH)2).

"ROM"

Run of Mine

"Spodumene"

A white to pink coloured lithium bearing mineral (LiAlSi2O6).

  Ends

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Date   Source Headline
27th Apr 20231:00 pmRNSZulu Lithium Update
12th Apr 202312:30 pmRNSZulu Lithium Update
3rd Apr 202310:00 amRNSZulu Lithium Update
29th Mar 20232:00 pmRNSZulu Lithium Update
27th Feb 20237:00 amRNSZulu Assay Results
21st Feb 20231:00 pmRNSZulu Pilot Plant Update
30th Jan 20237:00 amRNSZulu Assay Results and Pilot Plant Update
9th Jan 20232:00 pmRNSResult of AGM
23rd Dec 20227:00 amRNSNotice of AGM
20th Dec 20228:00 amRNSZulu Assay Results and Pilot Plant Update
20th Oct 20227:00 amRNSZulu Assay Results and Pilot Plant Update
30th Sep 20227:00 amRNSHalf-year Report
7th Sep 20227:00 amRNSZulu Assay Results and Pilot Plant Update
26th Aug 20229:00 amRNSZulu Assay Results and Pilot Plant Update
15th Aug 20224:41 pmRNSSecond Price Monitoring Extn
15th Aug 20224:35 pmRNSPrice Monitoring Extension
3rd Aug 20227:00 amRNSZulu Lithium Project Pilot Plant Update
26th Jul 20227:00 amRNSZulu Assay Results and Pilot Plant Update
14th Jul 20227:00 amRNSZulu Assay Results Update
1st Jul 20227:00 amRNSZulu Assay Results Update
30th Jun 20222:00 pmRNSFinal Results
24th Jun 20227:00 amRNSZulu Lithium Project Pilot Plant
13th Jun 20222:05 pmRNSSecond Price Monitoring Extn
13th Jun 20222:00 pmRNSPrice Monitoring Extension
13th Jun 20227:00 amRNSInterim update Zulu Lithium Project
31st May 20227:00 amRNSGrant of Options
4th May 20229:06 amRNSSecond Price Monitoring Extn
4th May 20229:00 amRNSPrice Monitoring Extension
27th Apr 20228:00 amRNSResignation of Director
25th Apr 20227:00 amRNSJoint Venture Agreement
14th Apr 20227:00 amRNSAppointment of Director
1st Apr 20224:05 pmRNSHolding(s) in Company
29th Mar 20221:00 pmRNSCompletion of Zulu Lithium DFS Funding
25th Mar 20222:06 pmRNSSecond Price Monitoring Extn
25th Mar 20222:00 pmRNSPrice Monitoring Extension
11th Mar 20229:00 amRNSZulu Lithium DFS Funding Deposit
9th Mar 20229:05 amRNSSecond Price Monitoring Extn
9th Mar 20229:00 amRNSPrice Monitoring Extension
8th Mar 20225:01 pmRNSZulu Lithium DFS Funding
22nd Feb 20229:00 amRNSPrice Monitoring Extension
21st Feb 20227:00 amRNSZulu Update
16th Feb 202211:05 amRNSSecond Price Monitoring Extn
16th Feb 202211:00 amRNSPrice Monitoring Extension
16th Feb 20229:05 amRNSSecond Price Monitoring Extn
16th Feb 20229:00 amRNSPrice Monitoring Extension
15th Feb 20224:41 pmRNSSecond Price Monitoring Extn
15th Feb 20224:36 pmRNSPrice Monitoring Extension
15th Feb 20229:06 amRNSSecond Price Monitoring Extn
15th Feb 20229:00 amRNSPrice Monitoring Extension
14th Feb 202211:00 amRNSPrice Monitoring Extension

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