Premier African Minerals said it has withdrawn the force majeure notice on its Zulu lithium project following the amended offtake agreement with Canmax.
The amendment includes a revised product supply schedule (and alternative arrangements) in respect of a prepayment of US$34.6 million plus accrued interest and a revised hybrid pricing agreement.
Operations at Zulu have been temporarily suspended to allow for the installation and commissioning of the mill from RHA Tungsten.
This is expected to be completed during the early Autumn and within a sufficient time to meet the revised product delivery schedule, which has been agreed at an initial rate of 1,000 tons of product shipped to Canmax by the end of November.