Premier African Minerals Limited (LON:PREM) has received an independent report confirming the prospectivity and size potential of the Zulu Lithium and Tantalum Project in Zimbabwe.
Hains Engineering, an independent geological consulting group with significant experience in industrial minerals and lithium, conducted the review.
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No details of its conclusions were released, but Premier said the review indicated: significant additional tonnage potential within the Zulu claims; good potential for additional pegmatites to be found; Zulu's geological potential is considerable and that the regional potential for lithium mineralisation might be significant.
George Roach, Premier’s chief executive, said Don Hains of Hains Engineering was an acknowledged expert in industrial minerals and the study provides further vindication that it should look to maximise value from Zulu before reaching any final decision regarding the various ongoing strategic discussions at this time.
“We believe that the potential scale and size of Zulu is analogous to other world-class lithium enriched pegmatite deposits and hence Zulu has the potential to be a company-making asset."
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Premier released a maiden resource statement on the deposit on June 6, based on South African standards, which indicated 20.1mln tonnes at 1.06 % Li2O (lithium oxide) and 51 ppm Ta2O5 (tantalum oxide).
The maiden resource estimate covered only 35% of Zulu's known 3.5km surface strike length. Premier's resource target lies between 60-80mln tonnes, not including recently discovered pegmatite zones on the east and southern parts of the licence.