Financial News

Premier African Minerals' Zulu lithium project produces first concentrates; prepares for ramp-up

Premier African Minerals Ltd (AIM:PREM, OTC:PRMMF) chief executive George Roach joined Proactive's Stephen Gunnion with the operational status of the processing plant at the company's Zulu lithium project in Zimbabwe.

Despite facing some setbacks, the major components of the plant are installed and functional, enabling production to proceed from front to back. Issues encountered during commissioning are considered normal by the plant suppliers and Roach believes they are resolvable within the commissioning process, emphasizing that no major equipment replacements are necessary.

Currently, the plant is producing concentrates from the Mica and Spodumene flotation sections, with analysis of these concentrates underway. Initial spot analysis suggests that spodumene is adequately liberated and recoverable at correct percentages, though attention is needed for managing pH levels during flotation—a challenge that is being actively addressed. Roach anticipates that the issues with pH management and control systems will be resolved within "hours or days," not weeks.

The next steps for the Zulu project include ensuring the spodumene produced meets grade requirements and ramping up production rates to design levels, expected to take a couple of weeks.

Contact Details

Proactive UK Ltd

+44 20 7989 0813

uk@proactiveinvestors.com

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