Last checked at 2 Sep 2021 07:00
2 September 2021
Premier African Minerals Limited
("Premier" or the "Company")
Zulu Update
Premier African Minerals Ltd ("Premier" or the "Company"), is pleased to provide this update on progress at Premier's Zulu Lithium and Tantalum ("Zulu") project in Zimbabwe where drilling has commenced with 1,000 meters completed.
Highlights:
Two rigs drilling to date have been focused on step out zones intended to increase the Mineral Resource estimateSix Diamond holes completed to date with planned 20,000 meters of diamond core drilling including sample collection for test workGood intersections of visible spodumene mineralisation encountered. Best intersections of 20.68 meters in ZDD52 including continuous intersection of 12.1 meters at depth of *47.35m to *59.45m Location of mineralised intersections in completed boreholes indicate continuity within the step out zone and subject to assay results may increase the overall resource estimate at Zulu LithiumOne rig will be dedicated from September to larger diameter core recovery for metallurgical, mineralogical, and geotechnical test workThird rig expected on site October 2021First assay results expected September 2021George Roach, CEO commented," I am pleased with the progress to date both at Zulu and in the Exclusive Prospecting Order ("EPO") extended area of over 200 square kilometres. As much as I have expectations for this EPO and results from resource drilling, our focus must be fixed on the Definitive Feasibility Study ("DFS") requirements.
Our priority at this time is metallurgical test work to guide the design of the plant that will have to be built to produce the concentrates we plan to sell. Quite large samples are required and these need to be recovered from within the known resource. This test work will in all likelihood be undertaken in Europe and the quicker we collate the sample material and get it shipped, the more likely we are to maintain our timelines to DFS".
Zulu EPO Work Programme:
Work on the EPO to date has included collation of historic data, initial surface mapping and inspection, and is progressing with ground based geophysical data gathering and compilation of a detailed remote sensing study, including hyperspectral imaging to identify possible spectral features of pegmatite intrusions and to discriminate the Li-bearing pegmatites from the host rocks. This approach has the potential to generate additional exploration targets over the almost 200 square kilometre EPO. An overview of the EPO can be viewed on Premier webpage on the below:
http://www.rns-pdf.londonstockexchange.com/rns/4529K_1-2021-9-1.pdf
The Company believes that the Deep Purple Pegmatite in the overview of the EPO should be of particular interest due to its relationship to the main Zulu ore bodies which are only 8 kilometres away. Historically, this has been associated with abundantly occurring deeply purple coloured lepidolite but has also been worked for spodumene and is reportedly a source for pollucite.
Qualified Person:
Chris Male, Geologist with Premier African Minerals Limited, has reviewed and approved this release to the extent that reference is made to the Zulu Lithium Project. Mr. Male is a SACNASP and GSSA registered geoscientist with 13 years' experience in exploration and project management, in multicommodity projects throughout Africa.
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK Domestic Law by virtue of the European Union (Withdrawal) Act 2018.
The person who arranged the release of this announcement on behalf of the Company was George Roach.
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 holds 5,010,333 shares in Circum Minerals Limited, the owners of the Danakil Potash Project in Ethiopia, which has the potential to be a world class asset.
In addition, the Company holds a 19% interest in MN Holdings Limited, the operator of the Otjozondu Manganese Mining Project in Namibia.
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 |
Jerry Keen/Edward Mansfield | Shore Capital Stockbrokers Limited | Tel: +44 (0) 20 7408 4090 |
Matthew Bonner | EAS Advisors LLC | Tel: +1 646 495 2225 |
Glossary of Technical Terms:
"Li" | Lithium. |
"lepidolite" | is the mineral name for lithium bearing mica KLi2Al (Si4O10)(F,OH)2 an important ore of lithium. |
"pegmatite" | is an exceptionally coarse-grained igneous rock, with interlocking crystals, usually found as irregular dikes, lenses, or veins, esp. at the margins of granitic intrusions.
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"pollucite" | a colourless transparent mineral (Cs,Na)2Al2Si4O12.H2O of the zeolite family consisting of hydrous caesium aluminum silicate and occurring massive or crystallizing in cubes. |
"Mineral resource"
| A 'Mineral Resource' is a concentration or occurrence of solid material of economic interest in or on the Earth's crust in such form, grade or quality and quantity that there are reasonable prospects for eventual economic extraction. The location, quantity, grade, continuity, and other geological characteristics of a Mineral Resource are known, estimated, or interpreted from specific geological evidence and knowledge, including sampling.
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"Spodumene" | is a pyroxene mineral that is typically found in lithium-rich pegmatites. It is usually associated with other lithium minerals such as lepidolite, eucryptite, and petalite. Spodumene has a chemical composition of LiAlSi2O6 but small amounts of sodium sometimes substitute for lithium. Spodumene is an important ore of lithium. |
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