Premier African Minerals Limited Zulu Update (1951K)
August 23 2023 - 1:30AM
UK Regulatory
TIDMPREM
RNS Number : 1951K
Premier African Minerals Limited
23 August 2023
For immediate release
23 August 2023
Premier African Minerals Limited
Zulu Update
Premier African Minerals Limited ("Premier" or the "Company"),
is pleased to provide a further update on the Zulu Lithium and
Tantalum Project ("Zulu") with particular reference to installation
of the interim milling solution and concentrate grades.
Spodumene Concentrate Grade
The Board of Premier continues to expect that the Zulu plant
will produce spodumene to the specification required by the
Company's offtake partner.
Test work on Zulu was previously completed by Dorfner Anzaplan
GmbH ("Dorfner"), a leading authority in the field of lithium and
speciality minerals processing and treatment, and the results were
notified on 16 June 2017. Dorfner reported that the rougher
(spodumene) concentrate was upgraded in one cleaner stage to a
concentrate with 6.5 wt.-% Li2O at 81.8wt.-% recovery.
Geolabs Global Pty Ltd ("Geolabs") have undertaken further
floatation test work on material from Zulu this Summer. The
spodumene rougher concentrate obtained from mica tailings at a
grind size of p80 150 pm was subjected to a four-stage cleaner
test. As a result, Geolabs have reported that a spodumene
concentrate with a chemical grade of 6.56% Li2O, 0.26% K2O, 0.47%
Na2O, and 2.31% Fe(2) O(3) was achieved, along with an overall
spodumene recovery of approximately 81%.
Geolabs further reported that based on the results, it may be
worth testing magnetic separation on the final spodumene
concentrate to reduce the Fe(2) O(3) and meet the desired
specifications. The plant at Zulu includes magnetic separation.
RHA Mill Installation
The planned relocation of the RHA mill to Zulu is an interim
mitigation step. To date, the mill has been decommissioned at RHA
and transported to the Zulu site and is under installation at
present. Completion of civils and final assembly is underway, with
installation of other feed and discharge components, pumps, control
circuitry and grinding media charge all expected to be complete in
the coming month when commissioning is planned to commence.
Stark have estimated that this interim step should result in
sufficient correctly sized material feeding to the floatation
circuit to achieve close to 50% of design capacity. On this basis
the Company expects that new target production levels should be
attainable by November 2023.
Market Abuse Regulation
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.
A copy of this announcement is available at the Company's
website, www.premierafricanminerals.com.
About Geolabs
Geolabs Global is a leading provider of mineral processing
solutions for the mining and minerals industry, see
https://www.geolabsglobal.com/.
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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Douglas Crippen CMC Markets UK Plc Tel: +44 (0) 20
3003 8632
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Toby Gibbs/Rachel Shore Capital Stockbrokers Tel: +44 (0) 20
Goldstein 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.
Glossary
"Fe (2) O(3) Is the chemical formula of iron oxide.
"
"Floatation Flotation circuits are a common technology for
circuits" the concentration of a broad range of minerals.
Froth flotation is based on differences in the
ability of air bubbles to adhere to specific mineral
surfaces in a solid/liquid slurry.
"Li2O" chemical formula of lithium oxide.
"Micas" Micas are a group of silicate minerals whose outstanding
physical characteristic is that individual mica
crystals can easily be split into extremely thin
elastic plates.
"SC6" An important economic concentrate of spodumene,
known as spodumene concentrate 6 or SC6, is a high-purity
lithium ore with approximately 6 percent lithium
content being produced as a raw material for the
subsequent production of lithium-ion batteries.
"Spodumene" A white to pink coloured lithium bearing mineral
(LiAlSi2O6).
"Stark" The Zulu design, procurement, installation, and
commissioning contractor, Stark International Projects
Limited.
"wt.-%" is weight percent.
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.
Ends
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