Premier African Minerals Limited Zulu Lithium Update (1279V)
April 03 2023 - 4:00AM
UK Regulatory
TIDMPREM
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 Tel: +27 (0) 100
Limited 201 281
Michael Cornish Beaumont Cornish Limited Tel: +44 (0) 20
/ Roland Cornish (Nominated Adviser) 7628 3396
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John More/Toby Shore Capital Stockbrokers Tel: +44 (0) 20
Gibbs Limited 7408 4090
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Forward Looking Statements:
Certain statements in this announcement are or may be deemed to
be forward looking statements. Forward looking statements are
identi ed 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 re ect
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 a ccepted 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:
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"Lepidolite" A pink to lavender coloured lithium bearing mineral
(KLi 2 Al(Si 4 O 10 )(F,OH) 2 ).
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"ROM" Run of Mine
----------------------------------------------------
"Spodumene" A white to pink coloured lithium bearing mineral
(LiAlSi 2 O 6 ).
----------------------------------------------------
Ends
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